Pinduoduo Inc. buy Snowman

Pinduoduo Inc. is a Chinese e-commerce platform that allows users to purchase goods at discounted rates through group buying. The company was founded in 2015 and went public on the NASDAQ stock exchange in 2018. Pinduoduo has quickly become one of the largest e-commerce platforms in China, with a focus on selling agricultural products, daily necessities, and household goods. The company uses a unique social commerce model that encourages users to share and recommend deals to their friends and family, which has helped drive its impressive growth.