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Chinese e-commerce giant Pinduoduo’s quarterly revenue more than tripled, active buyers inched ahead of rivals

Pinduoduo cemented its position as China’s most used e-commerce platform in the first quarter of the year as annual active buyers inched ahead of rivals and revenue more than tripled from a year earlier.

The company's active buyers in the twelve-month period ended March were 823.8 million, rising 31 per cent from the same period a year earlier, the company said on Wednesday. Alibaba Group Holding said on May 13 . . .

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