Pinduoduo: Together, More Bull, More Bear, More Fun
"Age of Miracles"
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P D D Is the Biggest Platform by Number of Active Buyers
Pindodua is the biggest econmerse platform by number of active buyers. In its c one 20 21 earnings announcement, it reported that it had 824 million active buyers over the last 12 months. Annual spending per active buyer increased 23 % from 20 19 20 20 to 300 forty two dollars. Bears woll point out that p d d is still unprofitable, even at this massive scale. But because of its model, in which it collects cash from buyers of front before paying out merchants, it generates a ton of cash.
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