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Aggregated China Business Blogs
Banyan Capital, New Horizon Join $110M Series B Round In Pinduoduo
Aggregated Source: China Money Network
pinduoduoBanyan Capital, New Horizon Capital and Tencent Holdings Ltd. have invested US$110 million in a series B round in Pinduoduo, an e-commerce platform based on third-party social media channels, according to Chinese media reports. Launched in September 2015, Pinduoduo claims to record daily transaction volume of over RMB10 million and paid users of 20 million. […]

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