In the trading of US stocks on Friday, Pinduoduo's share price rose by more than 9%, and the intraday share price hit a new high of USD 55.12. As of the close of US Stock Exchange Market, Pinduoduo's share price closed at USD 54.6, an increase of 9.09%. The current total market value is about USD 65.39 billion. By comparison, JD.com ’s current total market value is about USD 68.70 billion. 1) According to the annual report data released by Pinduoduo in 2019, Pinduoduo realized a turnover of CNY 1006.6 billion, the annual number of active buyers on the platform reached 585.2 million, and an annual revenue of CNY 30.14 billion. 2) In terms of cash reserves, Pinduoduo holds cash, cash equivalents and short-term investments totaling CNY 41.06 billion, which does not include USD 1.1 billion of private placement financing in the first quarter of 2020. 3) The information disclosed by Pinduoduo shows that in the first quarter of this year, the platform added more than 270,000 new agricultural-related businesses, which is close to the number added in the whole year last year. It is expected that in the first quarter of this year, the number of new merchants on the platform including domestic and foreign brands, foreign trade enterprises, industrial belt cluster enterprises, etc., will usher in substantial growth.