China Has an Ecommerce Giant You’ve Never Heard Of

September 9, 2019

Pinduoduo draws shoppers outside China’s big cities with low-priced goods. It trails only Alibaba in number of users, and has a larger market cap than eBay. Its 366 million monthly active users trail only Alibaba, outranking better-known rivals such as Last month, Pinduoduo reported that second-quarter revenue had more than doubled from a year earlier. Its $40 billion market value exceeds eBay’s and places it among China’s five most valuable internet companies.

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