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11 April 2018

Tencent buys into $3bn Pinduoduo round

Tencent has reportedly led a $3bn funding round for e-commerce company Pinduoduo at a $15bn valuation, having previously backed a $110m round in 2016.

Author: Thierry Heles, Reporter

China-based online group buying platform Pinduoduo has closed a $3bn funding round led by internet group Tencent, Technode reported today, citing technology news provider 36Kr.