Pinduoduo’s total revenues in the first quarter were RMB23,793.7 million (US$13,753.4 million), an increase of 7% from RMB22,167.1 million in the same quarter of 2021.
The number of average monthly active users in the quarter was 751.3 million, an increase of 4% from 724.6 million in the same quarter of 2021.
Total active buyers in the twelve-month period ended March 31, 2022 reached 881.9 million, an increase of 7% from 823.8 million in the twelve-month period ended March 31, 2021.
The operating profit in the quarter was RMB2,154.4 million (US$339.8 million), compared with an operating loss of RMB4,147.0 million in the same quarter of 2021.
Non-GAAP operating profit in the quarter was RMB3,677.2 million (US$580.1 million), compared with non-GAAP operating loss of RMB3,174.1 million in the same quarter of 2021.
Net income attributable to ordinary shareholders in the quarter was RMB2,599.5 million (US$410.1 million), compared with a net loss of RMB2,905.4 million in the same quarter of 2021. Non-GAAP net income attributable to ordinary shareholders in the quarter was RMB4,200.4 million (US$662.6 million), compared with a non-GAAP net loss of RMB1,890.3 million in the same quarter of 2021.
Statistics: total annual customers – Alibaba vs JD vs Pinduoduo
Net cash used in operating activities was RMB9,068.1 million (US$1,430.5 million), compared with RMB3,724.5 million in the same quarter of 2021, mainly due to seasonality changes in working capital offset by controlled cost and operating expenses spending.
Cash, cash equivalents, and short-term investments were RMB95.2 billion (US$15.0 billion) as of March 31, 2022, compared with RMB92.9 billion as of December 31, 2021.