摘要
Just when everyone thought China＇s ecommerce market was being dominated by Alibaba and JD.com, a dark horse emerged from the shadows and blazed a trail into the trading spotlight amid a wave of criticism. On July 26, Pinduoduo, an online discount shoppin8 platform, was listed on the Nasdaq at $19 per American depositary share （ADS） and closed at $26.7 per ADS, soaring more than 40 percent on its first trading day. The stellar performance has elevated Pinduoduo into the ranks of top Chinese Internet tech firms like Alibaba, Tencent, Baidu, Xiaomi, JD.com and NetEase.
Following its Nasdaq debut,China’s social e-commerce star Pinduoduo is mired in a storm of criticism over counterfeits Just when everyone thought China’s ecommerce market was being dominated by Alibaba and JD.com,a dark horse emerged from the shadows and blazed
