Alibaba challenger Pinduoduo to raise up to $1.5b in secondary offering

Alibaba challenger Pinduoduo to raise up to $1.5b in secondary offering

The Pinduoduo logo. Photographer: Qilai Shen/Bloomberg

China’s upstart e-commerce company Pinduoduo Inc. and its shareholders filed to sell more than 50 million shares in a secondary offering that could raise about $1.5 billion after the company’s public debut last year.

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