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. billion, said it’s planning on selling 37 million of its shares to raise the new billion, or even $1.25 The company, which went public six months ago and raised $1.6
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