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Temu owner Pinduoduo says triples net profit in first quarter

By Inquirer - 6 months ago
BEIJING — Chinese e-commerce giant Pinduoduo announced Wednesday that its net profit for the first quarter more than tripled, as the Temu owner continues to boost its competitiveness in its home market and abroad. Pinduoduo is one of China’s leading online retailers — owing largely to its success in reaching consumers in rural areas with

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