Pinduoduo’s average monthly active users in Q4 2020 were 719.9 million, up 50% from 481.5 million in the same quarter of 2019, according to the company’s press release. The company ended the year with 788.4 million active buyers, up 35% from 585.2 million in 2019.

With 788.4 million active buyers at the end of 2020, Pinduoduo overtook Alibaba’s 779 million.

  • Q4 revenues were RMB 26,547.7 million or US$4,068.6 million, up 146% from RMB 10,792.7 million in the same quarter of 2019. 
  • FY20 total revenues were RMB 59,491.9 million or US$9,117.5 million, up 97% from RMB 30,141.9 million in 2019.
  • Q4 operating loss was RMB 2,047.8 million or US$313.8 million, compared with operating loss of RMB 2,135.3 million in the same quarter of 2019.
  • FY20 operating loss was RMB 9,380.3 million or US$1,437.6 million, compared with operating loss of RMB 8,538.2 million in 2019.
  • Gross merchandise value for the 12-month ending December 31, 2020, was RMB 1,667.6 billion or US$2 255.6 billion, up 66% from RMB 1,006.6 billion in the 12-month period ended December 31, 2019.
  • Annual spending per active buyer in the 12-month period ended December 31, 2020, was RMB 2,115.2 or US$324.2, up 23% from RMB 1,720.1 in the 12-month period ended December 31, 2019.
  •  As of February 28, 2021, US$711.9 million of the 0% convertible bond due in 2024 have been converted into newly issued ADSs.

Pinduoduo stock is currently declining. PDD: NASDAQ is down 11.72%