Pinduoduo In order to maintain their low-price advantage, is planning to launch additional tools in the next few months. This will go beyond the automatic price adjustments that they introduced before the midyear shopping event. The The budget ecommerce platform is being increasingly challenged by competitors that offer lower prices for the exact same products. The The upcoming tools will be designed to “reduce merchants’ operating thresholds and decision-making costs” In an effort to achieve lower commodity price in a quick and easy way, the report stated. LatePost reported that Zhao Jiazhen, co-CEO and former head of overseas operations of PDD, the parent company of the platform TemuRecently, he has focused some of his energy on Pinduoduo. [LatePost]

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