Company Earnings UpdatePinduoduo (NASDAQ: PDD) 4Q18 Results: Strong Revenue Growth Thanks to Boost in Active Buyers and Average Annual Spending Coresight Research March 15, 2019 Executive Summary Pinduoduo recorded 4Q18 revenue of ¥5.7 billion, up 379.4% year over year while FY18 revenue was ¥13.1 billion, up 652% year over year. Operating expenses continued rising with operating margin worsening to a negative 46.7%. Active buyers on Pinduoduo’s platforms for full year 2018 were 418.5 million, increasing 71% year over year. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Reinventing Store Checkout: Minimizing Friction to Drive Business GrowthOnline Shopping in Focus—Amazon Dominates E-Commerce Competition: US Consumer Survey InsightsFinancial Sentiment Hits a Year-to-Date High: Weekly US Consumer Sentiment, Week 33, 2025—InfographicConsumer Sentiment Falls Further After Stock-Market Sell-Off; Plus, Social Commerce in Focus: US Consumer Survey Insights