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The company’s growth has been costly, but more aggressive expansions are in the works.
PDD’s share price jumped by close to 15% following its positive financial results.
On the surface, this region seems predestined for an app similar to the latest Chinese e-commerce disruptor. But once you look deeper, challenges outweigh the potential — for now.
Pinduoduo next investment amidst fluctuating share price.
Overall, Pinduoduo users bargain-hunters, more likely to buy an expensive product that is heavily discounted than cheaper yet undiscounted products.
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