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Pinduoduo Surpasses in Valuation as Chinese Business Is on the Global Front Burner

While this may come as a surprise to many but the less known and less trendy Pinduoduo has overtaken the upscale internet retailer both in share price and valuation. The share price rose on NASDAQ more than 12% to $39.96 giving it a market capitalization of $46 billion ahead of JD’s $45 billion. This makes Pinduoduo the 4th largest internet Chinese company whose shares are listed in another country with Meituan at $65.572 billion, Tencent at $385 billion, Alibaba at $449 billion. This...

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