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1. Pinduoduo is the mainstream e-commerce application product of domestic mobile Internet. The third-party social e-commerce platform with c2m group purchase as the core was established in 2065438+September 2005. By initiating group buying with friends, family and neighbors, users can buy high-quality goods at lower prices. The goal of Pinduo is to gather more people's strength, buy better things at lower prices, and experience more benefits and fun. Through the exchange and sharing of social ideas, a new thinking of social e-commerce with many products and unique features has been formed. 20 19 February, Pinduoduo was selected as the brand of China Brand Power Festival 100. In March, 20021,Huang Zheng resigned as the chairman of Pan Duoduo and was replaced by co-founder Chen Lei. By the end of 2020, the number of active buyers has reached 788.4 million, making it the largest e-commerce platform in China.

2.20 18 10, Pinduoduo issued a merchant announcement to adjust the access conditions for selling products of audio-visual members. After adjustment, when releasing products classified as "Music Video", merchants need to provide corresponding authorization to prove that video platform member operators really authorize merchants to sell their member products in more products. Power of attorney includes but is not limited to sales power of attorney, sales agency agreement, etc. According to CCTV Economic Net, from 2065438 to February 4, 2008, Pinduoduo's transaction volume increased by 58.6% and its revenue increased by 69.7%. Annual active users reached 385.5 million, surpassing JD.COM. COM, becoming the second largest e-commerce platform in China.

3.2065438+In February 2009, Pinduoduo was merged into Morgan Stanley Capital International. In August, Pinduoduo announced its forward-looking results: user indicators are expected to continue to promote revenue growth in the second quarter, and the loss per share may narrow year-on-year. On August 17, Pinduo's "New Brand Plan" and JVC TV held a new product launch conference to release the first batch of customized smart big-screen TVs since the two sides reached a strategic cooperation. Among them, the price of 65-inch 4K smart big-screen TV is only 1999 yuan. In 65438+February, Pinduoduo launched the train ticket business on app and applet. Total income of Pinduoduo in the fourth quarter 10.792. 7 billion yuan (about 65.438+0.5503 million US dollars), the market expected 65.438+0.093 billion yuan, an increase of 965.438+0% compared with 56.539 yuan in the same period last year. 20 19 The total income of Pinduoduo is 30. 14 1. 900 million yuan (about 4,329.6 million US dollars), an increase of1365,438+200 million yuan compared with 20 18. The net loss attributable to ordinary shareholders in Pinduoduo is 6967 yuan. 600 million yuan (about 65.438+0088 million US dollars), while the net loss in 2006.5438+08 was 65.438+00297 million RMB. 6 billion. According to US GAAP, the net loss of ordinary shareholders in Pinduoduo is 4.265 yuan. 800 million (about 617.7 million dollars), while the net loss in 20 18 was 3.456 billion yuan.

(Operating environment: iPhonex 14.0, Duoduo 5.9 1.0)