Shulou(Shulou.com)11/24 Report--

CTOnews.com, August 29, according to the name of the seller's background information leak, pinduoduo will launch a cross-border e-commerce platform called "Temu". According to reports, the Temu mode is very similar to SHEIN.

At the pinduoduo 2022Q2 financial report meeting, the overseas business that pinduoduo is trying has attracted the attention of the investors attending the meeting. Pinduoduo CEO Chen Lei said that as a young startup, pinduoduo has been continuing to explore new opportunities, overseas business has the possibility of creating new value.

"We also fully understand that overseas business will be challenging and need to keep trying." 'We will not simply repeat what others have done, we will try to create our own unique value, 'Mr. Chen said. This process will not be achieved overnight, but the experience accumulated in the process will be very valuable to both the company and the team.

CTOnews.com once reported that pinduoduo today released second-quarter results: total revenue was 31.4396 billion yuan, up 36% from the same period last year; net profit was 8.8963 billion yuan, up 268% from the same period last year. Nonmuri GAAP net profit was 10.7763 billion yuan, up 161% from the same period last year.

Chen Lei, chairman and chief executive of pinduoduo, said at the results meeting that investment in the second quarter was passively reduced due to external factors, and some extension activities and agricultural projects were postponed. "although this may make the quarterly results better, but the long-term competitiveness of the platform may be affected, especially in view of the current changes in the industry structure."

Pinduoduo Q2 revenue increased 36% year-on-year, net profit 8.896 billion yuan: up more than 10% before trading.

"it is reported that pinduoduo launched the cross-border e-commerce platform in September, the first stop in the United States."

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