Users of online group discounter Pinduoduo wave to celebrate the company’s IPO in New York during an event in Shanghai, China on July 26, 2018. Photo: Reuters
Users of online group discounter Pinduoduo wave to celebrate the company’s IPO in New York during an event in Shanghai, China on July 26, 2018. Photo: Reuters
Pinduoduo

As China’s lower-tier markets slow down, Pinduoduo’s e-commerce growth hits record low

  • The firm’s fate is sometimes seen as an economic bellwether of China’s price-sensitive ‘sinking markets’
  • The surge that Pinduoduo and rivals received at the onset of the pandemic has run its course, said one analyst

Users of online group discounter Pinduoduo wave to celebrate the company’s IPO in New York during an event in Shanghai, China on July 26, 2018. Photo: Reuters
Users of online group discounter Pinduoduo wave to celebrate the company’s IPO in New York during an event in Shanghai, China on July 26, 2018. Photo: Reuters
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