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China's Pinduoduo Secures $1B In Funding

by pymnts.com posted 1week ago 13 views
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, which went public six months ago and raised $1.6 billion, said it’s planning on selling 37 million of its shares to raise the new billion, or even $1.25 […]

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