If you buy a product from Taobao for Rmb29, you will likely get it for Rmb9.9 at Pinduoduo. And that includes delivery fee as well, a widely-circulated message on China's internet reads.
This message offers a simple explanation of how the young startup has so far managed to grow exponentially in China's lucrative e-commerce market by selling products at heavily discounted prices.
Founded in September 2015, Pinduoduo is now China's third-largest...