Pinduoduo

More than 100,000 individuals were willing to participate in a group-buying initiative for the Rolls-Royce Phantom.

Chinese tech firms JD.com, Meituan, and Didi have also been trying to persuade their users to ditch WeChat Pay and Alipay.

The tensions between the two countries and the Luckin Coffee accounting scandal pushed the US regulator to move forward and impose new rules.

Latecomers have to be able to endure large-scale losses, says Haitong’s Natalie Wu.

Buyers can earn a discount of as much as USD 4,570, if at least two individuals participate in the deal.

The company believes that consumer behavioral changes accelerate the online migration of retail.

Pinduoduo’s share price increased by 20.41% to a record USD 134.21 in Thursday trading following its third-quarter earnings announcement.

Jack Ma’s retirement marks a new era for the country’s innovators.