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Why does Pinduoduo eye on agricultural products ?
Pinduoduo's shares soar 20% on Q3 earnings which easily beat analyst estimates as well as a surprise adjusted quarterly profit - its first since going public in 2018.
The most eye-catching information is its first-time profit and strong growth. According to the results:
• Pinduoduo's revenue reached 14.21 billion yuan in the third quarter, beating analysts' estimates of 12.205 billion yuan, compared with 7.514 billion yuan in the same period last year.