China's Pinduoduo posts bigger loss as costs surge; shares tumble
https://www.reuters.com/article/us-pinduoduo-results/chinas-pinduoduo-posts-bigger-loss-as-costs-surge-shares-tumble-idUSKBN1XU17Q
China's Pinduoduo Inc reported a bigger-than-expected quarterly loss on Wednesday due to higher operating expenses, sending the e-commerce company's shares down 13% before the opening bell.