Pinduoduo suffers a greater loss in Q1 though the revenue increased

Pinduoduo posted its Q1 performance which saw a strong revenue with a 44% increase year on year to RMB 6.54 billion, and the e-commerce platform harvested 184.8 million more active users over a twelve-month period compared to the preceding session. Meanwhile, the augmentation came with an expanding loss – its operating loss more than doubled to RMB 4.39 billion compared to the same period in 2019. The mixed result however stands out among the competitors considering the impact brought by the COVID-19 outbreak.