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Stock impact report

China Roundup: Xi’s power on bitcoin, the rise of Alibaba’s new rival [TechCrunch Blog]

PDD Holdings Inc. - American Depositary Shares (PDD) 
Company Research Source: TechCrunch Blog
China Roundup: Xi’s power on bitcoin, the rise of Alibaba’s new rival Welcome back to TechCrunch’s China roundup, a digest of the latest events that happened at major Chinese tech companies and what they mean to tech founders and executives around the world. Alibaba’s nemesis Alibaba’s new rival is shaking up China’s internet landscape. This week, four-year-old e-commerce upstart Pinduoduo $47.6 billion The story of JD.com Its seamless integration with WeChat, The incredible rise of Pinduoduo, China’s newest force in e-commerce Earlier this month, Pinduoduo founder and chief executive Colin Huang, a 39-year-old former Google engineer of few words, gave a 45-minute speech at the company’s anniversary, according to a summary published by local tech media Late News While its rivalry with JD.com is nuanced as both companies are backed by Tencent, Pinduoduo’s competition against Alibaba is more blatant. In his missive to staff, Huang acknowledged that Pinduoduo is “standing on a giant’s sh Show less Read more
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