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e-commerce asia

Pinduoduo’s Weak Revenue Highlights Challenges for Chinese Internet Giants

By
Juro Osawa
· · Source: The Information

Chinese e-commerce app Pinduoduo reported revenue that was weaker than analysts’ expectations, and the company’s Nasdaq-listed stock dropped 6% Monday. Pinduoduo said its revenue for the fourth quarter rose 3% to about $4.27 billion. The slowing growth comes as China’s internet giants are grappling with the country’s economic slowdown and Beijing’s continued regulatory crackdown on the...

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