(NASDAQ:PDD) soars 11.1% pre-market after Q2 beats with 159% Y/Y revenue growth and GMV growth of 171% to $103.3B for the twelve-month period.Average MAUs were up 88% to 366M, and active buyers increased 41% to 483M. Annual spending per active buyer was up 92% to $213.80.operates as a holding company, which engages in the development and management of an e-commerce platform. Itsmobile application offers a selection of merchandise for buyer acquisition and engagement. The company was founded by Hua Linand Zheng Huang on April 20, 2015 and is headquartered in Shanghai, China.