Pinduoduo's annual gross profit 2016-2023

Published by
Xin Ou,
May 15, 2024
Pinduoduo, a Chinese social e-commerce app featuring group buying deals, achieved a rapid growth from 2016 to 2023. In spite of a gross loss of 73 million yuan in the second year after establishment, the company managed to make a significant profit afterwards with a ten times surge between 2017 and 2018. The online group discounter went public on the Nasdaq in July 2018 and was ranked as the third in the leading e-commerce retailers in China. In 2023, Pinduoduo generated a gross profit of around 155.92 billion yuan.

Annual gross profit of Pinduoduo Inc. from 2016 to 2023 (in million yuan)

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Release date

April 2024

Region

China

Survey time period

2016 to 2023

Special properties

fiscal year ending December 31

Supplementary notes

One yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of May 2024).

Values have been rounded.

Figure for 2023 was calculated manually by deducting the costs of revenues from total revenues.

Figures from earlier years were taken from a previous publication.

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