Shanghai-based Pinduoduo reported sales of 14.2 billion yuan (US$2.14 billion) in the September quarter, its first quarterly profit since the company went public in 2018. Photo: Reuters Shanghai-based Pinduoduo reported sales of 14.2 billion yuan (US$2.14 billion) in the September quarter, its first quarterly profit since the company went public in 2018. Photo: Reuters
Shanghai-based Pinduoduo reported sales of 14.2 billion yuan (US$2.14 billion) in the September quarter, its first quarterly profit since the company went public in 2018. Photo: Reuters
Pinduoduo

Pinduoduo to raise US$6.1bn to invest in online produce business, smart manufacturing

  • Shanghai-based Pinduoduo prepared to invest capital and resources to ‘capture key opportunities’ in areas like online grocery shopping, responsive manufacturing
  • Announcement of plans to raise new funding comes a week after social e-commerce giant reported first quarterly profit since it went public in 2018

Topic |   Pinduoduo
Shanghai-based Pinduoduo reported sales of 14.2 billion yuan (US$2.14 billion) in the September quarter, its first quarterly profit since the company went public in 2018. Photo: Reuters Shanghai-based Pinduoduo reported sales of 14.2 billion yuan (US$2.14 billion) in the September quarter, its first quarterly profit since the company went public in 2018. Photo: Reuters
Shanghai-based Pinduoduo reported sales of 14.2 billion yuan (US$2.14 billion) in the September quarter, its first quarterly profit since the company went public in 2018. Photo: Reuters
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