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Pinduoduo Testing 'Billions Supermarket', New Biz Featuring Prices Lower Than Rivals By Up to 30% Max.
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Pinduoduo (PDD.US) has recently begun testing a new business called Billions Supermarket within its mobile application, according to Chinese media reports. It is understood that this business will operate through low-price subsidies and limited-time, limited-quantity coupon distributions. Its internal testing is now randomly open to some users, offering a variety of products such as fruits and vegetables, nuts and snacks, dairy beverages, and maternal and infant products, with prices generally 10-30% lower than those of other offline supermarkets and online platforms. AAStocks Financial News |
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