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KEY STAT | Pinduoduo crosses USD 140 billion gross merchandise value in 2019 [Update]

China’s third-largest e-commerce platform now has nearly 600 million annual active users.

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  • Pinduoduo narrowed its net loss in the December quarter to USD 251.6 million, beating analysts’ estimates.

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    E-commerce firm Pinduoduo pushes more resources to support merchants as coronavirus fallout hurts sales

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