In China, the insolent success of the Pinduoduo (Temu) group threatens Alibaba's empire. Jack Ma has found his clone, and that's not good news for Alibaba.
PDD is inexorably eating away market share in China from number one Alibaba and its runner-up JD.com. A breathtaking rise for a group founded only in 2015, in Shanghai, by the son of a worker who worked for Google. He embodies a new generation of “serial entrepreneurs”… This article is reserved for subscribers. You have 84% left to discover.