Nov 29, 2022 08:32 PM

Tech Insider: Tesla’s Big Recall, Pinduoduo’s Earnings Beat Expectations

Social e-commerce company Pinduoduo's stock popped after it reported a six-fold year-on-year increase of its third quarter net income. Photo: VCG

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

Pinduoduo beats expectations with robust growth

Chinese social e-commerce company Pinduoduo Inc. said on Monday that its third quarter net income grew more than six-fold year-on-year to 10.6 billion yuan ($1.5 billion), while total revenue grew 65% to 35.5 billion yuan.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Powerful Quake Strikes Off Japan

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

China Business Uncovered Podcast: Inside the Fall of ‘China’s LVMH’

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China Targets Income Growth to Rebalance Its Economy

2: Top AI Conference Tightens Sanctions Compliance, Snaring Chinese Tech Giants

3: Exclusive: Wahaha Halts Production Amid Control Reshuffle

4: Exclusive: Stranded Chinese Container Ships Begin Crossing Strait of Hormuz

5: U.S. Court Orders Seizure of $29 Million in Art From South Beauty Founder Zhang Lan