Long-term company sentiment over time: Pinduoduo Inc. of the NASDAQ-100 Index
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Description of Pinduoduo Inc.
Pinduoduo Inc. is a Chinese e-commerce platform that focuses on connecting buyers with sellers through a group-buying model. The company enables consumers to leverage their social networks to access lower prices by purchasing products in bulk. Pinduoduo's main activities include offering a wide range of products, primarily targeting lower-tier cities and rural areas in China. The platform encourages users to invite friends and family to join group purchases to unlock additional discounts. Founded in 2015, Pinduoduo quickly gained popularity due to its innovative approach to e-commerce and its ability to offer competitive prices through collective purchasing power.
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