牺牲短期利润，拼多多为什么敢？

| | | For the three months ended March 31, | | | --- | --- | --- | --- | | | 2024 | 2025 | | | | RMB | RMB | US$ | | | (Unaudited) | (Unaudited) | (Unaudited) | | Revenues | 86,812,059 | 95,672,175 | 13.183.978 | | Costs of revenues | (32,694,686) | (40.947.100) | (5,642,661) | | Sales and marketing expenses | (23.410,655) | (33.402,741) | (4.603.021 | | General and administrative expenses | (1,823,445) | (1,658,943) | (228.608) | | Research and development expenses | (2.909,620) | (3,577,828) | (493.038) | ...