Pinduoduo Announces Fourth Quarter Financial Results

Pinduoduo, a Chinese e-commerce giant, has finally announced its financial results of the fourth quarter during pre-market hours on Wednesday. The Company reported a loss of shares by 16%. It also reported that for the fourth quarter, earnings loss of USD 24 cents per share on revenue of USD 822.3 Million. Despite their earnings miss, Pinduoduo’s revenue grew by almost 379% from last year’s same quarter. Vice President of Finance, Mr....