In July 2018, this Unicorn had raised US$1.6 Billion in the US Stock Market.
The company is no other than, Pinduoduo, the company that intends to rival Alibaba and JD.com. You can read all about this company in this report.
If you had watched China Variety Shows, you will not have missed out their advertisement. It has a very catchy song for its advertisement and always seem to be the main sponsor for some of the variety shows.
So why do I intend to give it a miss?
The main reason is because, on Feb 2019, the company has decided to raised another US$1.5 billion.
So after 7 months of raising US$1.6 Billion, it wants to raise another US$1.5 Billion!
Furthermore, as quoted from Straits Times
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