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Pinduoduo's net income has more than tripled in Q2 2022 and its shares have soared 43% over the past month, as it emerges as a big winner amid China's lockdowns (Jeanny Yu/Bloomberg)
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Sep
Sep
Jeanny Yu / Bloomberg:
Pinduoduo’s net income has more than tripled in Q2 2022 and its shares have soared 43% over the past month, as it emerges as a big winner amid China’s lockdowns — As Chinese consumers curb their spending in a pandemic-stricken economy, one discount e-commerce firm is emerging as a clear stock-market winner.
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