Pinduoduo just raised a $1.6b IPO: Here’s how the Chinese shopping app works

Pinduoduo is China’s most valuable private ecommerce company, and it just filed for an initial public offering in the US. It has risen to become one of the top three shopping apps in China in less than three years, with 300 million active buyers and $30 billion annual GMV. In this video, GGV Capital explains Pinduoduo’s product flow.