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- Pinduoduo has faced growing legal troubles over the years, mainly involving allegations of counterfeiting, and disputes with vendors. Tensions between the platform and its partner merchants are growing, with many vendors complaining that Pinduoduo is undermining their interests as the platform is growing its own direct sales business.
www.caixinglobal.com/2021-05-27/pinduoduos-loss-narrows-on-tripling-first-quarter-revenue-101718971.html
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Nov 26, 2021 · Pinduoduo’s slowing growth comes after ecommerce leader Alibaba earlier this month warned of a slowdown in Chinese consumer spending as continuing regulatory tightening forces changes at the...
Mar 5, 2023 · Revenue from the business segment online marketing services increased 58% to RMB28 billion, transaction services increased strongly by 102% to RMB7 billion, but merchandise sales decreased 31% to...
Mar 20, 2023 · PDD reported revenue of 39.82 billion yuan ($5.79 billion) for the quarter ended Dec. 31, up 46% year-on-year, but this fell short of estimates for 41.01 billion yuan, based on Refinitiv data.
“Our total revenue, excluding contribution from merchandise sales, was RMB27.1 billion in the fourth quarter 2021. Our revenue growth slowed down due to moderating user growth and fluctuation in user activity,” said Ms. Jun Liu, VP of Finance of Pinduoduo. “At the same time,
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Shares of Chinese e-commerce challenger Pinduoduo (PDD2.77%)fell today, down 12.7% as of 12:41 p.m. ET. Pinduoduo reported its fourth-quarter 2022 earnings this morning. On the surface, Pinduoduo's growth appeared strong in absolute terms, especially relative to some of its larger rivals. However, the numbers from this challenger to established gia...
In the fourth quarter, Pinduoduo reported 46% revenue growth to $5.78 billion, missing expectations by $140 million, while printing adjusted (non-GAAP, or generally accepted accounting principles) earnings per share of $1.21, missing by $0.03. Normally, an e-commerce company generating 46% growth, even in a tumultuous time in the Chinese economy, a...
Pinduoduo is an intriguing way to play the growth of China through its low-price platform. Should the Chinese economy remain OK but a lot of the population remain price conscious, the stock looks interesting. On the other hand, virtually all Chinese tech stocks trade at discounts to their American counterparts. This is likely due to the difficult g...
Nov 26, 2021 · BEIJING, Nov 26 (Reuters) - U.S.-listed shares of Pinduoduo Inc (PDD.O) plunged as much as 18% in early trading on Friday after the Chinese e-commerce platform missed quarterly revenue...
May 27, 2022 · Chinese e-commerce platform Pinduoduo Inc on Friday reported better-than-expected quarterly revenue, as more people shopped online due to a resurgence in COVID-19 cases in parts of the...
