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How Pinduoduo Chinamoss Wall Streetjournal [Explained]

Chinese e-commerce company Pinduoduo Inc (NASDAQ:PDD) became the latest tech firm to debut on Wall Street Thursday, with a $1.6 billion IPO that raised eyebrows for its unorthodox business model. The three-year-old company has been dubbed “the Costco of China” for selling discounted products in group buying deals, but it […]