March 11, 2020 / 9:41 AM / 22 days ago

China's Pinduoduo reports 91% jump in quarterly revenue

March 11 (Reuters) - China's Pinduoduo Inc reported a 91% jump in its fourth-quarter revenue on Wednesday, helped by higher demand for its online marketplace services.

The e-commerce company said total revenue rose to 10.79 billion yuan ($1.55 billion) in the three months ended Dec. 31, from 5.65 billion yuan a year earlier. ($1 = 6.9494 Chinese yuan renminbi) (Reporting by Akanksha Rana in Bengaluru and Sophie Yu in Beijing; Editing by Sriraj Kalluvila)

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