Pinduoduo’s e-commerce revenue is approaching Ali at an accelerated pace; Meituan “Cheetah” enters Hong Kong, and local rivals expand subsidies
Original link: https://www.latepost.com/news/dj_detail?id=1675 Pinduoduo’s e-commerce revenue is accelerating to approach Ali While the two rivals were barely maintaining growth, Pinduoduo’s revenue and profits continued to soar in the first quarter, and its e-commerce advertising and transaction commission revenue was already equivalent to 62% of Ali’s during the same period. At the same time, the short-term […]