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  1. Dec 2020
  2. www.economist.com www.economist.com
    The great mall of China The next big thing in retail comes with Chinese characteristics
    3
    1. charliefigt 31 Dec 2020
      Pinduoduo
      • largest <span style="background-color: lightblue">interactive e-commerce platform</span> in China and in the world
      • second-largest online marketplace in China by number of users and number of orders

      enables groups (often formed via WeChat) to haggle with merchants for bulk purchases, specially groceries.

      new
    3. charliefigt 31 Dec 2020
      China’s nascent middle class, armed with smartphones and broadband internet, finds online shopping both more rewarding and comfier than in the West

      Because physical shops are shabby and may even sell fake goods.

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    economist.com/business/2021/01/02/the-next-big-thing-in-retail-comes-with-chinese-characteristics