New Taobao ‘C2M’ app takes aim at Pinduoduo

By Emma Lee

Alibaba’s e-commerce marketplace Taobao is aggressively expanding its direct-to-customer selling platform for bargain-seeking consumers, further escalating its already contentious competition with rival Pinduoduo.

Why it matters: The …

Pinduoduo shares drop after Q4 earning miss

By Emma Lee

Mar 12, 20201 min read Image credit: Pinduoduo

Chinese e-commerce platform Pinduoudo posted on Wednesday weaker-than-expected earnings for the fourth quarter of 2019, sending the company’s shares 7.0% lower on Wednesday.

Why it matte…