E-commerce

S&P Global Ratings estimates the market at just over USD 20 billion in 2020 and expects growth of 50-60% this year.

The online purchase of fresh food is increasing rapidly in China.

Pinduoduo planned to promote its new service Duoduo Pay and grocery group-buying platform Duoduo Maicai.

Group-buying businesses have shunned top-tier cities so far.

The company was listed in 2017 at USD 13 per ADS.

The social commerce firm is being criticized for its long working hours.

Chinese consumers are expected to account for 50% of the global luxury market by 2025. Second-hand luxury platforms have also sprung up in China to gain a slice of the market.

Shein and Zaful’s ultracheap styles drive sales in US, Europe and Middle East.