China's Gome Retail to raise $200m through debt sale to Pinduoduo

Chinese electronics retailer Gome Retail Holding on Sunday said it would raise $200 million through a convertible bond issue that will be entirely taken up by e-commerce platform Pinduoduo.

The deal comes as the COVID-19 pandemic, which first emerged in China last December, has sent a shudder through the global retail industry.

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