Chinese e-commerce company Pinduoduo reports $3.6B in Q2 revenue, up 89% YoY, as net income reaches $370M, and pledges $1.5B towards developing agriculture (Coco Liu/Bloomberg)

Coco Liu / Bloomberg:
Chinese e-commerce company Pinduoduo reports $3.6B in Q2 revenue, up 89% YoY, as net income reaches $370M, and pledges $1.5B towards developing agriculture  —  – Revenue missed estimates even as it turned profitable  — Pinduoduo’s annual buyers reach 849.9 million in June quarter