© Reuters. FILE PHOTO: The logo of Chinese e-commerce platform Pinduoduo Inc. is displayed next to the app on a mobile phone, in this illustration picture taken March 22, 2022. REUTERS/Florence Lo/Illustration/
(Reuters) – PDD Holdings Inc beat analysts’ estimates for first-quarter revenue on Friday as more price conscious customers turned to its discount e-commerce platforms including Pinduoduo (NASDAQ:).
The company posted revenue of 37.64 billion yuan ($5.45 billion), compared with analysts’ estimates of 31.98 billion yuan, according to Refinitiv data.
($1 = 6.9121 renminbi)