A bubble? The stellar growth of China's e-commerce upstart Pinduoduo

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At $114bn, its market value is above HSBC – but questions remain about business model and if it will ever be profitable

It is a company that is just about to turn five years old but is valued more highly than the oil giant Shell, or HSBC, one of the largest banks in the world.

 

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it only, depends on the company's management relationship with those high racking CCP officials. when the connections are lost, you are out... very simple indeed.

In China, a retailer may own two stores, one e-shop and one physical store, which greatly reduces the operational risk.

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