E-Commerce Newcomer Pinduoduo Beats Market Expectations

Pinduoduo

Chinese e-commerce newcomer Pinduoduo has announced strong Q1 performance on Monday – in fact, stronger than expected. Beating markets’ expectations, the company’s total revenues for the first three months of 2019 surged 228% year-on-year to 4.5 billion yuan ($677.3 million). The rise was largely driven by revenues from marketing services, paid for by online merchants […]