China

Pinduoduo offers consumers discounts when they buy in bulk with others. Li Suzhi scrolls through the front page of Chinese ecommerce app Pinduoduo, browsing T-shirts, electronics, and fruit, all priced at a fraction of the cost of similar products on

China’s $1.94 trillion e-commerce is the largest in the world, and more than three times that of the number two U.S. market, according to a newly released eMarketer report. And the rise of New Retail there, which blends the … Read the rest