(Reuters) – PDD Holdings Inc beat analysts’ estimates for first-quarter revenue on Friday as more price conscious customers turned to its discount e-commerce platforms including Pinduoduo.
The company posted revenue of 37.64 billion yuan ($5.45 billion), compared with analysts’ estimates of 31.98 billion yuan, according to Refinitiv data.
($1 = 6.9121 Chinese yuan renminbi)
(Reporting by Chavi Mehta in Bengaluru; Editing by Shounak Dasgupta)
