Financial Times
Mar 29, 2023 - 17 min
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Its finances are a black box, and its operations are shrouded in secrecy, but Pinduoduo's extraordinary growth has made it a darling of Wall Street. Dan McCrum uncovers details about PDD, the Chinese agricultural group behind Temu, which, after just nine years in business, is now bearing down on the world’s biggest e-commerce group. Read by Jonathan Booth.