Pinduoduo Q1 Revenue at RMB 95.7B, Profits Drop Amid Merchant Support Initiatives
Earnings Call
27 May
Pinduoduo reported Q1 2025 revenue of RMB 95.7 billion, showing a notable slowdown due to rapid changes in the external environment. The company launched a 100 billion support program to help merchants, which led to a significant drop in profits. Key points: 1. Intensified competition in Chinese e-commerce sector 2. Global business challenges due to external policy changes like tariffs 3. Expanded fee reduction program for merchants 4. Long-term focus on merchant support and ecosystem investments 5. Short-term profitability impact expected to continue Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.
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