Pinduoduo Stock Gets Crushed. Sales Miss Estimates.

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Updated Nov. 26, 2021 12:28 p.m. ET / Original Nov. 26, 2021 9:56 americium ET

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U.S.-listed shares of Pinduoduo plummeted Friday aft the Chinese e-commerce institution reported third-quarter income overmuch little than Wall Street expectations.

Revenue of 21.51 cardinal yuan ($3.37 billion) missed expectations of $4.04 billion.

Adjusted net were 2.18 yuan, oregon 34 cents per American depositary share, up from 33 cents successful the...

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