Chinese e-commerce firm Pinduoduo misses quarterly revenue estimates

Chinese e-commerce firm Pinduoduo misses quarterly revenue estimates

The Pinduoduo logo. Photographer: Qilai Shen/Bloomberg

Chinese e-commerce platform Pinduoduo Inc on Monday reported quarterly revenue that missed Wall Street estimates, as it battles fierce competition from Alibaba and JD.com in the rapidly growing online shopping space.

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