Why Pinduoduo is putting all its profit into agriculture

For the past few years, Pinduoduo has been widely regarded as Alibaba’s strongest challenger. While Alibaba reported 863 million annual active consumers across its retail platforms in the twelve months ended September, Pinduoduo’s monthly active users exceeded 740 million in the quarter ended September. In its pursuit of new growth engines, Pinduoduo is taking a […]...