Pinduoduo sees quarterly revenue jump as gamified e-commerce strategy pays off

Source: South China Morning PostPinduoduo‘s quarterly revenue has more than tripled year-on-year (YoY) as its strategy of gamifying online shopping has paid off, helped by greater marketing and price subsidies that ate into its overall profit.The e-commerce giant’s revenue jumped 239 per cent from last year to 22.17 billion yuan (US$3.3 billion, for the three months ended March , better than the 19.71 billion yuan expected in a Bloomberg poll of 13 analysts. The Nasdaq-listed company’s adjusted loss per share narrowed by 44…Read More

Geef een reactie

Het e-mailadres wordt niet gepubliceerd. Vereiste velden zijn gemarkeerd met *

Generated by Feedzy