Pinduoduo’s fiscal report suggests its healthy business development

Despite slowing economic growth and the escalating tension with America which has greatly affected business in China widely, Pinduoduo’s quarterly financial report indicates a robust overall performance. The total revenue reached RMB7.29 billion ($1.06 billion), an increase of 169% QoQ from RMB 2.71 billion in 2018, while the operating loss more than doubled to RMB1.49 billion. The business pattern adopted by Pinduoduo of social e-commerce has been proven successful, at least for now.