Chinese e-commerce company Pinduoduo has reported a total revenue reaching 6.54 billion yuan in the first quarter of 2020, and supports small and medium-sized business during COVID-19.
E-commerce platform Pinduoduo released its annual report of fiscal year 2019, along with a letter from its CEO Huang Zheng where he talked about his thoughts brought by the ongoing outbreak.
On March 18, Chinese EV-maker NIO released its latest financial report showing that the company’s fourth-quarter revenue fell year-on-year, while losses mounted.
Chinese social and gaming company Tencent will report their fourth quarter and full year 2019 results after the close of Hong Kong markets on March 18.
Meituan-Dianping’s quarterly revenue reached 27.5 billion yuan ($3.9 billion), while the total transaction amount increased by 33.6% year-on-year to 194.6 billion yuan ($27.5 billion).
On August 21, Pinduoduo, an innovative and fast growing "new e-commerce" platform and one of the leading Chinese e-commerce players, announced its unaudited financial results for the second quarter that ended June 30, 2019.
