https://www.scmp.com/rss/519034/feed Dustin He is a Master of Business Administration (MBA) candidate at the Hong Kong University of Science and Technology. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Last month, Pinduoduo (PDD) reported surprisingly strong first-quarter results, with group revenue reaching 86.81 billion yuan (US$12 billion), exceeding Wall Street analysts’ estimate of 75.66 billion yuan. Net profit also saw a significant increase, reaching 28 billion yuan, up by 246 per cent year on year. These results pleased overseas investors and shareholders. However, the success of an e-commerce company like PDD, which focuses on low prices and the low-end consumer market and helps... https://www.scmp.com/week-asia/opinion/article/3267593/why-pinduoduos-surprise-growth-may-not-be-good-news-chinas-economy?utm_source=rss_feed https://www.scmp.com/week-asia/opinion/article/3267593/why-pinduoduos-surprise-growth-may-not-be-good-news-chinas-economy?utm_source=rss_feed Sat, 22 Jun 2024 03:00:16 +0000