Pinduoduo's revenue in the first quarter reached 106.23 billion yuan, compared to the estimated 108.6 billion yuan.
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Adjusted earnings per ADS for the first quarter were RMB 9.51, with an estimate of RMB 16.08. Adjusted operating profit for the first quarter was RMB 21.09 billion, with an estimate of RMB 22.43 billion. Adjusted net profit for the first quarter was RMB 14.07 billion, with an estimate of RMB 24.6 billion. First quarter R&D expenses were RMB 4.4 billion, with an estimate of RMB 4.3 billion. First quarter general and administrative expenses were RMB 1.58 billion, with an estimate of RMB 1.79 billion. Related articles: Pinduoduo Q1 revenue at RMB 106.2 billion, adjusted earnings per ADS RMB 9.51|Earnings Report Insights
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