Pinduoduo released its Q2 2024 financial results on August 26. The company reported total revenue of 97.06 billion RMB ($13.3 billion), an 86% YoY increase, but below the market expectation of 99.99 billion RMB ($13.7 billion). Net profit attributable to shareholders was 32.01 billion RMB ($4.4 billion), up 144% YoY, or 34.43 billion RMB ($4.7 billion) on a non-GAAP basis, up 125%. Revenue from online marketing services was 49.12 billion RMB ($6.7 billion), up 29%, while revenue from transaction services was 47.94 billion RMB ($6.6 billion), up 234%.