Active buyers climbed to 849.9 million in the 12 months to June, Pinduoduo said Tuesday. Photo: Handout Active buyers climbed to 849.9 million in the 12 months to June, Pinduoduo said Tuesday. Photo: Handout
Active buyers climbed to 849.9 million in the 12 months to June, Pinduoduo said Tuesday. Photo: Handout

Pinduoduo pledges US$1.5 billion of profits to Chinese farmers as it reports 89 per cent jump in sales

  • China’s largest online retailer by consumers reported that sales jumped a less-than-expected 89 per cent to 23 billion yuan in the June quarter
  • Pinduoduo’s performance comes after rivals like Alibaba Group Holding and JD.com reported slowing growth in the face of regulatory curbs

Topic |   China technology
Active buyers climbed to 849.9 million in the 12 months to June, Pinduoduo said Tuesday. Photo: Handout Active buyers climbed to 849.9 million in the 12 months to June, Pinduoduo said Tuesday. Photo: Handout
Active buyers climbed to 849.9 million in the 12 months to June, Pinduoduo said Tuesday. Photo: Handout
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