Pinduoduo-owner PDD Holdings beats quarterly revenue estimates

Reuters
2023.05.26 10:34
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May 26 (Reuters) - PDD Holdings Incbeat analysts’ estimates for first-quarter revenue on Friday as more price conscious customers turned to its discount e-commerce platforms including Pinduoduo. The company posted revenue of 37.64 billion yuan ($5.45 billion), compared with analysts’ estimates of 31.98 billion yuan, according to Refinitiv data. ($1 = 6.9121 Chinese yuan renminbi)

May 26 (Reuters) - PDD Holdings Inc (PDD.O) beat analysts’ estimates for first-quarter revenue on Friday as more price conscious customers turned to its discount e-commerce platforms including Pinduoduo.

The company posted revenue of 37.64 billion yuan ($5.45 billion), compared with analysts’ estimates of 31.98 billion yuan, according to Refinitiv data.

($1 = 6.9121 Chinese yuan renminbi)

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