Why Pinduoduo Shares Are Gaining Today
Pinduoduo Inc (NASDAQ:PDD) reported first-quarter FY22 revenue growth of 7% year-on-year to $3.75 billion, beating the consensus of $3.05 billion. Average monthly active users rose 4% Y/Y to 751.3 million. Active buyers in the twelve months ended March 31, 2022, increased 7% Y/Y to 881.9 million. Revenues from online marketing services and others rose…
Benzinga ·