Pinduoduo Q2 Sales Miss Estimates, User Growth Slowest Since 2019
Pinduoduo reported second-quarter revenue that missed analyst estimates as the e-commerce company added the fewest number of new buyers since 2019.
Total revenue rose 89% to 23.0 billion yuan (US$3.6 billion) for the three months ended June, trailing the average analyst estimate. The company recorded a net income of 2.4 billion yuan. The number of active…
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