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Pinduoduo: R&D investment of 11 billion yuan in 2023

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On March 20th, Pinduoduo released its financial reports for the fourth quarter and full year of 2023, with a research and development investment of 11 billion yuan in 2023. The company's annual R&D investment was 11 billion yuan, breaking previous records. Among them, R&D expenses in the fourth quarter increased by 19% year-on-year, reaching 2.9 billion yuan.
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