周度核心观点拼多多24Q4 增速放缓，25 年聚焦高质量发展。据公司公告，拼多多24Q4 收入1106.10 亿元，同比+24%。其中，在线市场服务和其他实现收入570.11 亿元，同比+17%；佣金收入535.99 亿元，同比+33%，占比达到48.5%。Non-GAAP 净利润298.51 亿元，同比+17%，Non-GAAP 归母净利润率26.99%，同比-1.68pct。2024 全年收入...
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