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":"3bcbf802dd1b2bb893ce3aa52ce4a54b","s":"eaede4065b60a8fb"}