China's Pinduoduo misses quarterly revenue expectations

Chinese e-commerce platform Pinduoduo Inc missed Wall Street expectations for quarterly revenue on Tuesday, hit by tough competition from larger rivals like Alibaba and JD.Com to tap into the pandemic-driven online shopping surge.Total revenue was 23.05 billion yuan in the second quarter ended June 30. Analysts on average expected revenue of 26.44 billion yuan, according to IBES data from Refinitiv.Total revenues in the quarter were RMB23,046.2 million, an increase of 89% from RMB12,193.3 millio
China's Pinduoduo misses quarterly revenue expectations

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment3

  • Top
  • Latest
  • ChadT
    ·2021-08-24
    pinduoduo is different from Baba and JD...
    Reply
    Report
    Fold Replies
    • singheng
      how issit different?
      2021-08-25
      Reply
      Report
  • MOVY
    ·2021-08-24
    没对手哪来进步,国内外市场容的下各大互联网商,要坚信中国电商还是领先时间的…输出正当时
    Reply
    Report