© Reuters. The logo of Chinese e-commerce platform Pinduoduo Inc. is displayed next to a mobile phone, in this illustration picture taken March 22, 2022. REUTERS/Florence Lo/Illustration
(Reuters) – China’s Pinduoduo (NASDAQ:) Inc beat Wall Street estimates for third-quarter revenue on Monday, helped by COVID-related lockdowns in the country that forced consumers to shop online.
The company booked revenue of 35.50 billion yuan ($4.99 billion) for the quarter ended Sept. 30, compared with estimates of 30.94 billion yuan, according to Refinitiv data.
($1 = 7.19 renminbi)
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