Pinduoduo Posts Q3 Results, Signals Sustainable Growth as Spending Shifts from Marketing to R&D

(Source: Pandaily)

Pinduoduo appears to be forging a path to sustainable growth after garnering more than 800 million customers in record time.

The e-commerce upstart reported 21.5 billion yuan ($3.3 billion) in revenue for the three months ended September and a second consecutive quarter of profit. The number of customers who placed orders on its platfor…