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
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
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Alibaba
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