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The company currently has a market capitalization of $173.9 billion (approximately 1.23 trillion RMB), with cash, cash equivalents, and short-term investments of about 320 billion RMB on its books. The expected net profit for 2024 is 120-130 billion RMB (domestic business profit of 140-150 billion RMB, with an estimated overseas business loss of around 20 billion RMB). ⚫ Pinduoduo's domestic GMV for 2024 is projected to be 4.5-5 trillion RMB, "due to limited room for user growth, slow frequency increase, and sluggish average order value...
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