Could Pinduoduo outgrow Amazon and Walmart combined?

The rise of Pinduoduo and Temu: profits and secrets | FT Film

Chinese e-commerce app Pinduoduo is one of the biggest and most profitable retailers in the world. It is spending a huge amount of money on international expansion through a new app called Temu, which analysts say could disrupt everyone from Amazon to high street retailers. However, the company behind Temu and Pinduoduo is extremely secretive and there are questions about its business model, how it operates and how it communicates with investors.

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