Tencent technology news, July 22 news, the research institute new Street recently issued a statement, saying that the previous research report on pinduoduo had been obviously distorted by individual Chinese media, seriously inconsistent with the original intention.
New Street published a study on july 9th called "key points for a conference call with pinduoduo management ." On 17 July, media sources reported that
In response, new street also said in the latest clarification statement that the relevant reports of these media seriously distorted and significantly exaggerated their statements.
New Street explained that the report read,
New Street explained,
Judging from pinduoduo's performance in 2020, new street maintains its previous forecast: in the second quarter of 2020, its total revenue will increase by 53% year-on-year to reach 11.2 billion yuan; in 2020, the annual revenue will increase by 58.4% to 47.8 billion yuan. Under non GAAP accounting standards, the diluted earnings per share in the second quarter was a loss of 2.04 yuan, and a loss of 7.35 yuan for the whole year.
Prior to this, Jiuding, vice president of pinduoduo strategy, issued an open letter saying that the contents of the research report were maliciously distorted. Some we media and the forces behind them used the distorted information to guide public opinion for commercial competition. The public relations techniques behind this are very ingenious.