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e-commerce asia

Chinese E-Commerce Firm Pinduoduo Plans Subsidies to Help Merchants

By
Juro Osawa
· · Source: The Information

Chinese e-commerce company Pinduoduo said it will put side one billion yuan ($144 million) for subsidies to help merchants on its online marketplace whose businesses have suffered due to the coronavirus. During a conference call with analysts Wednesday, Pinduoduo CEO Colin Huang described the virus outbreak as “one of the most intense and trying periods we have experienced.” He said the...

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