Wall Street views on Pinduoduo's Q3 financial report: Operating profit returns to growth due to a low base, and Temu's profitability turning point is established.
Pinduoduo's latest financial report shows that Q3 operating profit achieved a year-on-year increase of 1% after several quarters of decline, reaching RMB 27.1 billion (Non-GAAP), and net profit increased by 14% year-on-year to RMB 31.4 billion. This marks a turning point in profitability. However, online marketing