China's e-commerce platform Pinduoduo beats quarterly revenue estimate

China's e-commerce platform Pinduoduo beats quarterly revenue estimate

The Pinduoduo logo. Photographer: Qilai Shen/Bloomberg

Chinese e-commerce platform Pinduoduo Inc on Friday reported better-than-expected quarterly revenue, as more people shopped online due to a resurgence in COVID-19 cases in parts of the country.

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