Growth Dragons Weekly: PDD, Trip.com, NetEase and Amer Sports Earnings; Alibaba Borrows US$4.5B
#1 Pinduoduo (PDD) Continues to Double Its Revenue
Pinduoduo reported a 131% increase in revenue to 86.8 billion yuan, with operating profit rising by 275% to 25.9 billion yuan year on year.
These growth figures are consistent with the growth achieved in the previous quarter. Alongside the rise in revenue, the total cost of revenue also increased, but at …