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<Editor's Pick>E-commerce upstart Pinduoduo posts bigger loss as revenue up 123 pct in Q3, what should we pay attention to?
1. Pinduoduo is still growing at a high speed, and its profit performance is hampered by the continuous large subsidies.
2. From "people looking for goods" to "goods looking for people", the new e-commerce model represented by Pinduoduo has long-term value.
3. Compared with the loss of a single quarter, it is more noteworthy whether Pinduoduo can improve the retention and stickiness of new users brought by subsidies.
As the ripple produced by a rock thrown into the still lake, after pinduoduo released its financial report this week, there were some disputes at one time.
The financial report shows that: Pinduoduo's revenue in the third quarter was 7.514 billion yuan with a year-on-year increase of 122.8%. Under GAAP, the net loss attributable to common shareholders was 2.335 billion yuan, which was 1.098 billion yuan in the same period last year. And under non GAAP, the net loss attributable to common shareholders was 1.66 billion yuan, which was 619 million yuan in the same period last year.