CHINA’S PINDUODUO E-COMMERCE FIRM REPORTS A 146% SURGE IN QUARTERLY REVENUE

Highlights –

• China’s Pinduoduo e-commerce firm reports a 146% surge in quarterly revenue.
• The company reported 788.4 million annual active buyers until the end of 2020.
• The company’s shares fell by 9% in pretrade activity under U.S stock listings.
• In the fourth quarter, the company’s total revenue rose to $4.08 billion.

The Shanghai-ba....