Pinduoduo's revenue in the third quarter reached 68.84 billion yuan, a year-on-year increase of 94%, setting a new historical high and exceeding market expectations by more than 10 billion yuan. Adjusted net profit reached 17.027 billion yuan, a year-on-year increase of 37%, with market expectations at 12.974 billion yuan. On November 28, Pinduoduo's stock rose by 18%, reaching a 31-month high, with its market value closing in on Alibaba, just 10 billion dollars short.

What is driving Pinduoduo's revenue surge?

Pinduoduo's revenue in the third quarter reached 68.84 billion yuan, a year-on-year increase of 94%, setting a new historical high and exceeding market expectations by more than 10 billion yuan. Adjusted net profit reached 17.027 billion yuan, a year-on-year increase of 37%, with market expectations at 12.974 billion yuan. On November 28, Pinduoduo's stock rose by 18%, reaching a 31-month high, with its market value closing in on Alibaba, just 10 billion dollars short. What is driving Pinduoduo's revenue surge?

Pinduoduo's financial report is coming, is Temu continuing to sprint?

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