Pinduoduo sees net profit up by 546%, executive says profit level unsustainable

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Chinese e-commerce platform Pinduoduo on Monday reported that its third-quarter revenue surged 65% year-on-year to RMB 35.5 billion ($4.99 billion), surpassing the high end of analyst estimates compiled by Yahoo Finance. For the quarter ending September, the company’s net profit increased 546% year-on-year to RMB 10.6 billion…
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作者 gocpmall