(Reuters) – China’s Pinduoduo Inc beat Wall Street estimates for third-quarter revenue on Monday, helped by COVID-related lockdowns in the country that forced consumers to shop online.
The company booked revenue of 35.50 billion yuan ($4.99 billion) for the quarter ended Sept. 30, compared with estimates of 30.94 billion yuan, according to Refinitiv data.
($1 = 7.19 Chinese yuan renminbi)
(Reporting by Yuvraj Malik in Bengaluru; Editing by Maju Samuel)
