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In the evening of November 20, Beijing time, Sina Technologies News reported that NASDAQ (PDD) today released its third quarter results for fiscal year 2018 up to September 30. According to the report, the total revenue of Pingduo in the third quarter was RMB 3.372 billion yuan, an increase of 697% compared with the same period last year. In the second quarter, the net loss attributable to common shareholders was 619 million yuan, an increase of 184% compared with the same period last year.
The report shows that in the 12-month period ending September 30, 2018, the GMV of the platform reached 344.8 billion yuan, an increase of 386% over the same period last year.
In the third quarter, the average annual consumption of active buyers in Pingduo was 894.4 yuan, up 99% year-on-year, up 17.7% from 762.8 yuan in the previous quarter. Based on the double increase of active buyers and annual average consumption, GMV of the platform has increased by 386% to 344.8 billion yuan over the past 12 months.
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