Pinduoduo’s New Venture into Online Grocery Shopping in Quest to Expand Agriculture Share

Pinduoduo, China’s largest e-commerce platform for agricultural products, has announced its Q3 earning last night. User number has strongly increased to over 730 million buyers. Market reacts the earning positively – share price has jumped 20% overnight with over $160bn market cap post earnings.

According to a report this morning by Piyush Mubayi, rese…