China Has an Ecommerce Giant You’ve Never Heard Of: Pinduoduo

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Among China’s five most valuable internet companies, Pinduoduo is a 4-year-old company with a $40 billion market. Pinduoduo draws shoppers outside China’s big cities with low-priced goods. It trails only Alibaba in the number of users, and has a larger market cap than eBay. Read More…