财报季结束后,不少人感慨拼多多也泯然众人矣了。2025年Q1拼多多总营收956.7亿元,同比增速降到10%。作为电商新势力,拼多多的营收增速和淘天相当。非美国通用会计准则下,归属于普通股股东的净利润为169.2亿元,同比下滑45%。净利润腰斩,意味着拼多多花费了更多的成本和费用来维持低增长,不容乐观。拼多多的增长神话真的结束了吗?分析机构的估算却给出了另一个答案。据推算,拼多多Q1的GMV约...
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