Sihai network

Pinduoduo ranks among the top four Internet companies, and pinduoduo's market value exceeds JD

Since this year, pinduoduo's market value has continued to rise.

At the close today, pinduoduo's share price rose 12.56% and its market value reached US $46.4 billion, while JD's share price fell slightly by 0.13% and its market value was US $44.8 billion, which means that pinduoduo's market value exceeded JD for the first time, thus becoming China's fourth largest Internet listed enterprise.

Pinduoduo's market value exceeded $40 billion on September 6 this year, and pinduoduo has also become the first e-commerce company in Shanghai with a market value of more than $40 billion.

According to the financial report, during the 12 months ended June 30, 2019, the Gmv of pinduoduo platform reached 709.1 billion yuan, a year-on-year increase of 171% compared with 262.1 billion yuan in the same period last year.

Pinduoduo's revenue in the second quarter was 7.290 billion yuan, an increase of 169% over the same period last year; Under non GAAP, the net loss attributable to common shareholders was 411.3 million, down 70% from the first quarter.

By the end of June this year, the number of active buyers of the platform was 483.2 million, a year-on-year increase of 41% over 343.6 million in the same period of last year, a net increase of 139.6 million, an increase of 39.9 million active buyers over the single quarter of the first quarter.

In the second quarter, the average number of monthly active users of pinduoduo app reached 366 million, a year-on-year increase of 88% compared with 195 million in the same period of the previous year, and a net increase of 76.3 million compared with 289.7 million in the first quarter;

At the end of September this year, pinduoduo announced that it had successfully completed the issuance of convertible bonds totaling US $1 billion with a '0% yield to maturity and 0% coupon', and all the funds had arrived.

Pinduoduo said that the funds raised in this convertible bond issuance will be used for infrastructure construction required by platform R & D investment and agricultural products uplink.

In the 2019 Hurun rich list, Ma Yun became the richest man in China for the third time with a wealth of 275 billion. Ma Huateng's wealth increased by 20 billion and returned to the second place with a wealth of 260 billion. The wealth of real estate developer Xu Jiayin decreased by 40 billion and retreated to the third place with a wealth of 210 billion.

Pinduoduo Huang Zheng became the first self-made post-80s generation to enter the top 10. Their wealth rose by 100 million a day and 40 billion in the past year, ranking seventh with 135 billion.