Pinduoduo set for $6.1bn from jumbo fundraising
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Pinduoduo set for $6.1bn from jumbo fundraising

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The tripling of Chinese e-commerce firm Pinduoduo’s shares this year did little to deter investors from pouncing on its follow-on and convertible bond outing. It raised about $5.3bn from the combined transactions, paving the way for further expansion and growth.

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