News Formal

Chinese e-commerce platform Pinduoduo slides 19per cent in pre-market trade after revenue miss

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 66%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

BEIJING :Shares in Chinese e-commerce platform Pinduoduo Inc plunged 19per cent in pre-market U.S. trade on Friday after the company missed quarterly revenue expectations as new outbreaks of the coronavirus hit consumer spending.Shares of Shanghai-based Pinduoduo had already fallen nearly 54per cent this year

BEIJING :Shares in Chinese e-commerce platform Pinduoduo Inc plunged 19per cent in pre-market U.S. trade on Friday after the company missed quarterly revenue expectations as new outbreaks of the coronavirus hit consumer spending.

Pinduoduo reported total revenue of 21.51 billion yuan for the third quarter, below analysts' average estimate of 26.59 billion yuan, according to IBES data from Refinitiv. Chief Executive Chen Lei said on an earnings call that the company would focus more on investing in R&D."This is a significant shift in strategy from our first five years when we were focusing much more on sales and marketing," he said.

Meanwhile, Chinese food delivery giant Meituan reported a fourth consecutive quarterly loss on Friday, as it ploughed more investments into expanding its various businesses.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 6. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Pakistan e-commerce platform Daraz aims to beef up as Amazon eyes marketISLAMABAD : Pakistan's largest e-commerce retail platform Daraz aims to host up to 300,000 small to medium enterprises (SMEs) in two years, its CEO said, as the firm seeks to bolster its position in its home market in the face of potential competition from global giant Amazon.E-commerce growth in the c
ソース: ChannelNewsAsia - 🏆 6. / 66 続きを読む »

ATA shares slump 37per cent in early trade after major client Dyson cuts business tiesKUALA LUMPUR : Shares in ATA IMS Bhd plunged 36.6per cent in early trade on Friday after major client Dyson Ltd cut business ties with the Malaysian supplier.High-tech home appliance maker Dyson told Reuters it had cut ties with the supplier, which makes parts for Dyson's vacuum cleaners and air purifiers
ソース: ChannelNewsAsia - 🏆 6. / 66 続きを読む »