Tech
Chinese e-commerce company Pinduoduo misses with ~$4.3B in Q4 revenue, up 3% YoY, as Beijing’s delay and a delisting threat from the US worry investors (Coco Liu/Bloomberg)
Coco Liu / Bloomberg:
Chinese e-commerce company Pinduoduo misses with ~$4.3B in Q4 revenue, up 3% YoY, as Beijing’s delay and a delisting threat from the US worry investors— Pinduoduo Inc. reported revenue that missed estimates, the third straight quarter it’s disappointed investors after China’s economic slowdown sapped online consumption.
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