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March 14, 2019 09:33 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/PfKgwy9i89E/
Surging costs send shares of ecommerce challenger Pinduoduo down 17 percent
China’s new tech force Pinduoduo is continuing its race to upend the ecommerce space, even at the expense of its finances. The three-year-old startup earmarked some big wins from the 2018 fiscal year, but losses were even greater, dragging its shares down 17 percent on Wednesday after the firm released its latest earnings results. The […]Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/PfKgwy9i89E/
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