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":"b618bcb3194da27ad2aacf34410637df","s":"4ff22e7bc55c4d04"}