Sina science and technology news on August 21 afternoon news, pinduoduo released the financial report of the second quarter of 2020. According to the financial report, in the second quarter of 2020, revenue will reach 12.193 billion yuan, 67% higher than 7.290 billion yuan in the same period of 2019, higher than the consensus expectation of 12.16 billion yuan in the market. At the same time, the loss of the platform in the second quarter narrowed significantly. Under the non general accounting standards, the net loss attributable to common shareholders was 77.24 million yuan, which was 411 million yuan compared with the same period last year. According to the financial report, as of the end of June, the average annual consumption of active buyers on the platform reached 1857 yuan, up 27% from 1467.5 yuan in the same period last year.