拼多多2025年一季度业绩前瞻

走马财经
25 May

本文只是我个人的投资跟踪,不构成任何投资建议,望慎重。拼多多将在5月27日美股盘前发布2025年一季度财报。过去若干年,拼多多的财务数据一直是非常难以预测的,一开始是因为它的主站GMV增速太快;后来是因为它的货币化率提升太快,比如百亿补贴收费、全站推广告模式等等,以至于收入和利润几乎总是远超市场预期;再后来,是因为一些新业务发展太快,比如多多买菜、TEMU等,这些业务的收入模式与主站广告及抽佣模式...

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