Pinduoduo's net income has more than tripled in Q2 2022 and its shares have soared 43% over the past month, as it emerges as a big winner amid China's lockdowns (Jeanny Yu/Bloomberg)

Jeanny Yu / Bloomberg:

Pinduoduo’s net income more than tripled in the second quarter of 2022, and its shares jumped 43% over the past month, as it emerged as a big winner amid the China shutdown.– As Chinese consumers limit their spending in a pandemic-hit economy, a discount e-commerce company is emerging as the clear stock market winner.

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