PDD, which also owns Chinese discount shopping app Pinduoduo has a market-cap of about $208 billion, compared with Alibaba's $196 billion, according to LSEG data. PDD's net income attributable to ...
Wang Yun, a researcher at the Chinese Academy of Macroeconomic Research, said, "Consumption has become the main driving force behind China's economic growth, and the Singles Day shopping carnival ...