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 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  —  As Chinese consumers curb their spending in a pandemic-stricken economy, one discount e-commerce firm is emerging as a clear stock-market winner.

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