On November 20, pinduoduo, the new e-commerce platform, released its financial report for the third quarter of 2019. According to the financial report,As of September 30, 2019, pinduoduo achieved a revenue of 7.519 billion yuan, an increase of 123% over the same period last year of 3.372.4 billion yuan.
In the third quarter, the net cash flow from the platform's operating activities was 2.6182 billion yuan, compared with 1.6314 billion yuan in the same period last year. As of September 30, 2019, the company has a good balance sheet with cash, cash equivalents and restricted cash of RMB 34.4 billion. Excluding restricted cash, the company's cash and cash equivalents are 15.7 billion yuan In addition, the company's short-term investment is 24.6 billion yuan, and the total available cash is 40.3 billion yuan.
In the third quarter of this year,The annual number of active buyers of the platform reached 536.3 million, a net increase of 150.8 million over the same period last year, a sharp increase of 53.1 million over the previous quarter, the largest single quarter growth since the listing.
As of September 30, 2019, the average number of monthly active users of pinduoduo independent app reached 429.6 million, an increase of 197.9 million compared with the same period of last year, a strong increase of 63.6 million compared with the previous quarter.
Data display of sensor tower,Since 2019, pinduoduo continues to lead the global app store shopping list, becoming the largest Chinese app downloaded by Apple users in the world.
In addition, during the 12 months ended September 30, 2019, Gmv of the platform reached RMB 840.2 billion, an increase of 144% over the same period last year of RMB 344.8 billion. During this period, the annual average consumption of the platform active buyers further increased to 1566.7 yuan, an increase of 75% compared with 894.4 yuan in the same period last year.
In 2019, pinduoduo launched
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