China’s Pinduoduo raises $1.1 billion in private share placement – TechCrunch
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Chinese e-commerce firm Pinduoduo said on Tuesday it had raised $1.1 billion in a private share placement that will enable its further expansion and allow it to capture “additional opportunities” during the times of uncertainty. The Nasdaq-listed firm said some of its long-term investors financed the deal. The investors were granted newly issued Class A [

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