Pinduoduo has become one of the fastest-growing technology start-ups in China by creating a sort of Facebook-Groupon mash-up, in which people spot deals on merchandise and then recruit friends to buy at a discount. Photo: SCMP

Chinese e-commerce player Pinduoduo files for US$1 billion US initial public offering

PDD offers merchandise at up to 20 per cent cheaper than market price by letting consumers buy directly from manufacturers

Topic |   China technology

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Pinduoduo has become one of the fastest-growing technology start-ups in China by creating a sort of Facebook-Groupon mash-up, in which people spot deals on merchandise and then recruit friends to buy at a discount. Photo: SCMP
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