Source: world wide Web

On the evening of March 20th, Pinduoduo Group released its financial results for the fourth quarter and the whole year of 2022 as of December 31. According to the financial report, Pinduoduo Group's revenue in the fourth quarter of last year was 39.8 billion yuan, an increase of 46 per cent over the same period last year. Revenue for the whole year was 130.6 billion yuan, an increase of 39% over the same period last year.

In the fourth quarter, domestic consumer confidence continued to pick up. We optimize commodities, pay close attention to quality control, increase investment in platform resources, and fully stimulate consumption potential and help the market recover from the demand of "more affordable and more fun". " Chen Lei, chairman and CEO of Pinduoduo Group, said.

What is noteworthy is that in 2022, Pinduoduo adhered to the strategy of "emphasizing research and development" and continued to increase investment in technological innovation. The total R & D expenditure for the whole year exceeded 10 billion yuan for the first time, an increase of 15% over the same period last year, of which R & D expenditure increased by 19% in the fourth quarter compared with the same period last year.

"We will continue to increase investment, enhance technological capabilities, bring the benefits of digitization to users and partners, help create more new growth points, and better serve the whole society," Chen said. "

Edit / emily