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":"d0a3a2ab9dcffa60d432b6f3350d41e7","s":"0ae8c60c608266b6"}