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 Bya Luxury Daily columnistOn 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":"dd215fb832950c59c5077dd9066f0b11","s":"9cf368b0f951a427"}