E-commerce company Pinduoduo posted total revenue of 7.3 billion yuan in the quarter ended June 30, up from 2.7 billion yuan a year earlier. Photo: SCMP E-commerce company Pinduoduo posted total revenue of 7.3 billion yuan in the quarter ended June 30, up from 2.7 billion yuan a year earlier. Photo: SCMP
E-commerce company Pinduoduo posted total revenue of 7.3 billion yuan in the quarter ended June 30, up from 2.7 billion yuan a year earlier. Photo: SCMP

Pinduoduo founder says latest results prove its e-commerce platform isn’t just for cheapskates

  • Shanghai-based company posts 169 per cent increase in revenue, while narrowing losses in the second quarter

Topic |   US-listed Chinese stocks
E-commerce company Pinduoduo posted total revenue of 7.3 billion yuan in the quarter ended June 30, up from 2.7 billion yuan a year earlier. Photo: SCMP E-commerce company Pinduoduo posted total revenue of 7.3 billion yuan in the quarter ended June 30, up from 2.7 billion yuan a year earlier. Photo: SCMP
E-commerce company Pinduoduo posted total revenue of 7.3 billion yuan in the quarter ended June 30, up from 2.7 billion yuan a year earlier. Photo: SCMP
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