It’s Monday – here’s what happened today and over the weekend.
Chinese ecommerce pretender files for US$1 billion IPO in the US (China). Ecommerce website Pinduoduo announced plans to raise US$1 billion by listing in the US. The startup provides a “social ecommerce” experience, floating deals to users and then getting them to group-buy items at reduced prices. Backed by Tencent and Sequoia, Pinduoduo has surpassed JD in terms