The total revenue of Pinduoduo in the fourth quarter was RMB 65.438+0.07927 billion (about US$ 65.438+0.503 billion), and the market expectation was RMB 65.438+0.93 billion, an increase of 965.438+0% compared with RMB 56.539 in the same period of last year. For the whole year of 20 19, the total revenue of Pinduoduo was RMB 31.41900 million yuan (about US$ 4,329.6 million).

Compared with 65,438+0,365,438+20 million yuan in 2065,438+08, it increased by 65,438+0.30%. Pinduoduo's net loss attributable to ordinary shareholders was RMB 6,967.6 million (about USD 654.38+RMB 008 million), while the net loss in 2065.438+08 was RMB 654.38+RMB 2976 million.

On March 5th, 2020, Pinduoduo released the annual report on consumer rights protection (20 19). The report focuses on the protection mechanism of consumer rights platform, the long-term ecological "self-purification" mechanism, and the prevention of "fake highland" spillover effect.

Accelerate the protection of intellectual property rights, "10 billion subsidies" to help the whole people benefit, and anti-epidemic actions to help farmers. , summed up the relevant work experience and achievements of Pinduoduo in continuously improving its governance capacity and focusing on building an all-round consumer rights protection system on 20 19.

On March 3rd, 2020, Platform Pinduoduo announced that some long-term investors had agreed to buy the newly issued Class A common stock of the company, with a total value of 1 1 billion USD, accounting for about 2.8% of the total issued shares. The transaction is expected to be completed in early April 2020.