Pinduoduo: China’s hottest online shopping startup

Pinduoduo is an online shopping platform that gives users discounts for purchasing in groups. Founded by former Google employee Colin Huang, it's been China's third most popular shopping app since July 2017.

Colin Huang, founder and CEO of Pinduoduo, speaks in Shanghai as the company debuts on New York's Nasdaq on July 26, 2018.
Taobao and JD.com have dominated online shopping in China for years. But now there's a new kid on the block -- and Pinduoduo is nothing like its rivals.

(Abacus is a unit of the South China Morning Post, which is owned by Alibaba -- the owner of Taobao.)

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