Consumer Economy

A demographic shift in Pinduoduo’s user base.

At the tail end of May, the company said it passed 250 million users.

It is accused of scamming its spenders.

With a healthy distance from home, they find fertile ground to reinvent themselves.

Prada also has a tie-up with Secoo, which counts JD among its investors.

The deal will see AliExpress Russia collaborate with parts of Mail.ru’s e-commerce business

And it’s investing an additional USD 20 million.

On the flipside, this means that 75 million users have made e-commerce transactions.