Finally, it's worth mentioning that we've seen strong rallies from many Chinese stocks -- Pinduoduo among them -- since early 2021.
L P grew its position in shares of Pinduoduo by 65.
If you are still wondering what is social commerce, check out this video below.
Net income attributable to ordinary shareholders in the quarter was RMB6,619.
Through our platform, we have worked with more than 16 million growers and their communities, helping them to take part in and benefit from the fast-growing digital economy.
Lastly, Pinduoduo's large, negative operating margins are due to the company's hefty marketing expenses that comprise of advertising fees and cash concessions explained.