Screen shot showing the Pinduoduo web site and app. Photo: Handout
US-listed Chinese stocks
Pinduoduo invests US$200 million in electronics retailer Gome as Covid-19 forces sector consolidation
- Shanghai-based Pinduoduo’s 585 million users have made it China’s second-biggest e-commerce platform, second only to Alibaba’s Taobao
- Pinduoduo will subscribe to US$200 million worth of Gome convertible bonds with a tenure of three years
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US-listed Chinese stocks
Screen shot showing the Pinduoduo web site and app. Photo: Handout