Chinese e-commerce services provider Pinduoduo reported a bigger-than-expected quarterly loss on Wednesday because of higher operating expenses, sending the company’s shares down 13 per cent before the opening bell in the United States.The Nasdaq-listed firm’s net loss widened to 2.3 billion yuan (US$327 million) in the quarter ended September 30, from 1.1 billion yuan a year earlier. Revenue rose 123 per cent to 7.5 billion yuan. Operating expenses of Pinduoduo more than doubled to 8.5 billion…
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