Your Daily Brief For November 29th

Your Daily Brief For November 29th

about 1 year ago1 min

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Your Brief Summary

In today’s Daily brief, we'll be looking at Pinduoduo, which just announced its latest quarterly results.

"China's ongoing Covid lockdown isn't helping the wider economy, but it is pushing more consumers toward Pinduoduo's ecommerce platform, with sales smashing through analyst expectations last quarter."

Key takeaways:

  • Chinese ecommerce platform Pinduoduo reported impressive quarterly results as Covid lockdowns forced consumers to shop online
  • There are signs global inflation might have finally peaked, with a slew of closely watched indicators easing from their recent record highs
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