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":"9055d0bcde6513311edc658d60bd8371","s":"5161f3a2199b2ad2"}