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":"0ce7ca77a0b68527a0db48d2f1489a4f","s":"731e6c3f2e57974d"}