Users of online group discounter Pinduoduo wave after ringing the opening bell on the Nasdaq Stock Market in New York during an event in Shanghai, China July 26, 2018. Photo: Reuters
Users of online group discounter Pinduoduo wave after ringing the opening bell on the Nasdaq Stock Market in New York during an event in Shanghai, China July 26, 2018. Photo: Reuters
Tech /  Big Tech

Pinduoduo eclipses Baidu to become one of China’s top five most-valuable listed tech firms

  • The search giant’s advertising income has slowed amid challenging macro headwinds and in the face of new competition

Zen Soo
Zen Soo

Updated: 3:54pm, 21 Oct, 2020

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Users of online group discounter Pinduoduo wave after ringing the opening bell on the Nasdaq Stock Market in New York during an event in Shanghai, China July 26, 2018. Photo: Reuters
Users of online group discounter Pinduoduo wave after ringing the opening bell on the Nasdaq Stock Market in New York during an event in Shanghai, China July 26, 2018. Photo: Reuters
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