China’s Pinduoduo raises $1.1 billion in share placement amid volatile markets

China's Pinduoduo raises $1.1 billion in share placement amid volatile markets

2020-03-30 20:12:35

Chinese e-commerce firm Pinduoduo Inc said on Tuesday that it had raised $1.1 billion in a private share placement, bolstering its ability to finance growth, despite recent market volatility.

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