Pinduoduo, a leading e-commerce platform, has announced its financial results for 2023, showcasing significant growth in both revenue and net income. According to the company's earnings statement, total revenue for the year reached 247.6 billion yuan ($34.4 billion), a 90% increase from the previous year.
Net income also saw a substantial jump, rising 93% to 58.7 billion yuan ($8.2 billion).
Co-CEO of PDD Holdings, Lei Chen, described 2023 as a "pivotal chapter in our corporate history" as the company managed to withstand a sluggish Chinese economy and increase its market share in the country's e-commerce sector.
Additionally, the popularity of the company's budget platform, Temu, surged in the U.S., further solidifying Pinduoduo's position in the global market.
In an effort to maintain transparency and professionalism, I will not provide any additional explanations or repeat any responses....
Net income also saw a substantial jump, rising 93% to 58.7 billion yuan ($8.2 billion).
Co-CEO of PDD Holdings, Lei Chen, described 2023 as a "pivotal chapter in our corporate history" as the company managed to withstand a sluggish Chinese economy and increase its market share in the country's e-commerce sector.
Additionally, the popularity of the company's budget platform, Temu, surged in the U.S., further solidifying Pinduoduo's position in the global market.
In an effort to maintain transparency and professionalism, I will not provide any additional explanations or repeat any responses....
Source: Visit origin
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