For the first time, Pinduoduo has surpassed Alibaba in annual active users, marking the Chinese e-commerce upstart’s meteoric rise over the course of five years. The milestone also indicates Pinduoduo has overcome the early stereotype that it was an app for users in China’s less-developed, low-tier cities. Pinduoduo made its name by removing intermediary distributors … Continue reading Pinduoduo steals Alibaba’s crown with 788M annual active users