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Pinduoduo (PDD) Tops Q1 EPS by 19c

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Pinduoduo intensifies agriculture modernization drive as 1Q revenue tops estimates, users surpass 800 m

May 26, 2021 6:36 AM EDT

Pinduoduo announces new research initiative to quantify the impact of novel plant-based proteins on human healthFounded in 2015, Pinduoduo has made digital inclusion for rural farming communities a central plank of its strategy

SHANGHAI, China, May 26, 2021 (GLOBE NEWSWIRE) -- Pinduoduo Inc., Chinas largest agriculture platform, pledged to step up efforts to modernize the agri-food system as it surpassed 800 million in users for the first time.

Revenue for the first quarter rose 239% to 22.2 billion yuan ($3.4 billion) in the three months ended March, beating consensus analyst estimates. The number of annual active... More