China's Pinduoduo quarterly revenue more than doubles

China's Pinduoduo quarterly revenue more than doubles

Today·2021-03-17 20:05

Chinese e-commerce firm Pinduoduo Inc reported a 146% surge in quarterly revenue on Wednesday, thanks to online shoppers buying everything from groceries to luxury products from the comfort of their homes.

Pinduoduo allows buyers to avail greater discounts when shopping with more number of people - something that seems to have attracted consumers who have less spendable income due to the impact of the COVID-19 pandemic.

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