On Breakingviews – Pinduoduo offers New York a Shanghai bargain, says AlecMac11
The Pinduoduo logo is seen in this illustration photo taken July 17, 2018. REUTERS/Thomas White/Illustration
Founder Colin Huang has built a business on the back of thrifty shoppers in China’s outer reaches. Pinduoduo lets buyers club together to get discounts, and has become an unlikely challenger to local internet behemoths.
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