Today, Pinduoduo announced its financial report for the first quarter of 2022. According to the financial report, Pinduoduo’s average monthly active users exceeded the 700 million mark this quarter. As of March 31, 2022, for the entire first quarter, Pinduoduo’s average monthly active users was 751.3 million, an increase of 4% compared to the same period last year. In the past 12 months, Pinduoduo’s annual active buyers reached 881.9 million, an increase of 58.1 million or 7% compared with the same period last year. With the increase in the number of users, Pinduoduo’s revenue in the first quarter was 23.8 billion yuan, an increase of 7% compared with 22.2 billion yuan in the same period last year, mainly from the growth of online marketing service revenue and transaction service revenue. In addition, it is worth mentioning that in the first quarter, Pinduoduo’s capital investment in marketing decreased by 14% compared with the same period last year, and research and development expenses increased from 2.2 billion yuan in the same period last year to 2.7 billion yuan, an increase of up to 20%. In this regard, Chen Lei, co-founder and chairman of Pinduoduo, said that more resources and energy will be invested in the fields of digital technology, agricultural technology and agricultural product logistics in the future, and he will be committed to the digitalization of agriculture for a long time. .
[related_posts_by_tax taxonomies=”post_tag”]
The post Pinduoduo Announces 2022 First Quarter Financial Report: Monthly Active Users Successfully Exceeded the 700 Million Mark appeared first on Gamingsym.