Pinduoduo has released its financial report for the second quarter of 2025, revealing a revenue of 103.98 billion yuan. Despite the company's increased investment in the industry, the year-on-year growth rate has slowed to 7%, marking a continuous deceleration for several quarters. Net profit stood at 30.75 billion yuan, down 4% year-on-year and marking the second consecutive quarter of decline. Notably, this quarter saw Pinduoduo introduce the '100 Billion Level' merchant benefit initiative in the e-commerce sector for the first time.
