Alibaba eCommerce Rival Pinduoduo Secures $1B In Funding
PYMNTS
FEBRUARY 6, 2019
Chinese upstart eCommerce site Pinduoduo (PDD) is raising more than $1 billion to help compete with Chinese giants like Alibaba and JD.com, according to reports. The company puts a twist on the traditional eCommerce playbook by offering a social aspect – shoppers who team up with friends or family can get discounts by making group orders.
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