(Pinduoduo) Pinduoduo Inc. shares rose 5% on Monday premarket after reporting revenue of RMB27.23 billion or US$4.273 billion, up by 3% from the prior year.
FY21 revenues were reported at RMB93.95 billion or $14.74 billion, an increase of 58% from the previous year.
Pinduoduo said that its gross merchandise value in the twelve months that ended December 31, 2021, was RMB2,441.0 billion or $383.0 billion, up 46% from the prior year.
The company’s average monthly active users in the fourth quarter were posted at 733.4 million, up 2% from the comparable quarter of 2020.
The active buyers in the twelve-month period were 868.7 million, up 10% from the prior year. The annual spending per active user in the same period was RMB2,810 or $441, up 33% from the prior year.
Pinduoduo reported a net income attributable to ordinary shareholders of RMB6.62 billion or $1.039 billion, up from s loss of RMB1.376 billion in the fourth quarter of 2020. FY21 net income was RMB7.769 billion or $1.219 billion, up from a loss of RMB7.18 billion in the prior year.
PDD: NASDAQ is up 5% on premarket.
