The logo of Pinduoduo, the third-largest e-commerce platform in China, seen on boxes set up in a shopping mall ahead of the Double Five shopping festival in Shanghai on May 2. Photo: Handout The logo of Pinduoduo, the third-largest e-commerce platform in China, seen on boxes set up in a shopping mall ahead of the Double Five shopping festival in Shanghai on May 2. Photo: Handout
The logo of Pinduoduo, the third-largest e-commerce platform in China, seen on boxes set up in a shopping mall ahead of the Double Five shopping festival in Shanghai on May 2. Photo: Handout
Pinduoduo

Pinduoduo shares jump as post-Covid spending lifts sales by 89 per cent

  • Pinduoduo reached US$2.14 billion in sales in the third quarter, surpassing estimates
  • As the third-largest e-commerce platform in China, the company used generous subsidies to acquire new shoppers, keeping it in the red

Topic |   Pinduoduo
The logo of Pinduoduo, the third-largest e-commerce platform in China, seen on boxes set up in a shopping mall ahead of the Double Five shopping festival in Shanghai on May 2. Photo: Handout The logo of Pinduoduo, the third-largest e-commerce platform in China, seen on boxes set up in a shopping mall ahead of the Double Five shopping festival in Shanghai on May 2. Photo: Handout
The logo of Pinduoduo, the third-largest e-commerce platform in China, seen on boxes set up in a shopping mall ahead of the Double Five shopping festival in Shanghai on May 2. Photo: Handout
READ FULL ARTICLE