Chinese online retailer Pinduoduo has found amazing success with its “collective buying” shopping model, but now it needs to innovate or suffer the consequences. Photo: Shutterstock
Meet Pinduoduo, Alibaba’s newest competition
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Marketing,Retail | No Comments
Chinese online retailer Pinduoduo has found amazing success with its “collective buying” shopping model, but now it needs to innovate or suffer the consequences. Photo: Shutterstock
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","iv":"c7cd7447cc6a3b08b53ebc2162d54f34","s":"5d288db7083e1e7d"}