PDD's "100 Billion Support" continues to reduce commission and costs for merchants, Q2 revenue growth rate slows down again
On August 25th, PDD released its Q2 financial report. Affected by the "100 billion support" and increased industrial investment, the revenue growth rate in this quarter slowed to 7% year-on-year, continuing to decelerate for several consecutive quarters. In the second quarter, PDD launched a "100 billion-level" benefit initiative for merchants in the e-commerce industry for the first time, providing real financial support to merchants and industries. On one hand, it continuously reduces commissions and costs for millions of merchants; on the other hand, it increases support for small and medium-sized merchants, new-type merchants, and brand merchants, promoting multi-level high-quality development in various agricultural regions and industrial belts
According to Zhitong Finance APP, on August 25th, Pinduoduo (PDD.US) released its Q2 financial report. Affected by the "100 billion support" increasing industrial investment, the revenue growth rate in this quarter slowed to 7% year-on-year, continuing to slow down for several consecutive quarters. In the second quarter, Pinduoduo launched a "100 billion-level" benefit action in the e-commerce industry for the first time, providing real financial support to merchants and industries. On one hand, it continuously reduces commissions and costs for tens of millions of merchants; on the other hand, it increases support for small and medium-sized merchants, new-type merchants, and brand merchants, promoting multi-level high-quality development in various agricultural areas and industrial belts
