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Briefing
asia

Quarterly Results From Meituan and Pinduoduo Highlight Challenges for China Tech

By
Juro Osawa
· · Source: The Information

Chinese food delivery and on-demand services app Meituan reported a quarterly loss due in part to Beijing’s antitrust fine against the company. Chinese e-commerce app Pinduoduo, meanwhile, reported a weaker-than-expected quarterly revenue amid growing concerns about slowing demand for online shopping. The two companies’ results for the quarter through September highlight the challenges facing...

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