Pinduoduo posts strong revenue but bigger loss in Q1

Chinese e-commerce company Pinduoduo posted mixed results for the first quarter of this year on Friday. Why it matters: The fallout from the Covid-19 outbreak weighs on the Q1 performances of Chinese e-commerce platforms. Similarly, JD released slowed-down Q1 revenue in mid-May. Pinduoduo, a strong competitor to JD’s runner-up position in China’s e-commerce market, surpasses its e-commerce […]