Tech Insider: Tesla’s Big Recall, Pinduoduo’s Earnings Beat Expectations
Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.
Pinduoduo beats expectations with robust growth
Chinese social e-commerce company Pinduoduo Inc. said on Monday that its third quarter net income grew more than six-fold year-on-year to 10.6 billion yuan ($1.5 billion), while total revenue grew 65% to 35.5 billion yuan.
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