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February 6, 2019 07:50 am GMT

Chinese e-commerce challenger Pinduoduo is raising over $1 billion more

The price of competing with e-commerce giants Alibaba and JD.com is immense. That’s evidenced by challenger Pinduoduo, commonly known as PDD, which israising more than $1 billion in fresh capital just six months after it went public. The company announced plans to sell37 million shares in a move that will raise over $1 billion, going […]

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