Pinduoduo-owner PDD Holdings beats quarterly revenue estimates
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May 26 (Reuters) - PDD Holdings Incbeat analysts’ estimates for first-quarter revenue on Friday as more price conscious customers turned to its discount e-commerce platforms including Pinduoduo. 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 Chinese yuan renminbi)
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