Tracy Qu / Wall Street Journal:

PDD-owned Pinduoduo says it plans to allocate ~$13B over the next three years to support its merchants, following other Chinese e-commerce companies  —  PDD, which also owns Temu, reported slower quarterly profit and revenue growth in the fourth quarter  —  Chinese bargain shopping platform …

Tracy Qu / Wall Street Journal:

PDD-owned Pinduoduo says it plans to allocate ~$13B over the next three years to support its merchants, following other Chinese e-commerce companies  —  PDD, which also owns Temu, reported slower quarterly profit and revenue growth in the fourth quarter  —  Chinese bargain shopping platform …

Source: TechMeme
Source Link: http://www.techmeme.com/250403/p11#a250403p11