Pinduoduo Smashes Q3 Profit Estimates

Pinduoduo Q3 Earnings Overview

E-Commerce platform Pinduoduo beat estimates handily in both its top and bottom lines, demonstrating a strong ability to control expenses despite increasing spending on marketing its “Temu” US & Canada shopping platform. Management said they are “Dedicated to generating value through innovations, which forms the foundation of our high-quality development.” Pinduoduo has remarkably grown from a fringe platform to the world’s fifth largest E-Commerce platform in only five years since its IPO.

Adjusted, year-over-year (YoY)