HONG KONG (Reuters) – Chinese e-commerce firm Pinduoduo Inc
Undeterred by a coronavirus epidemic that has cast a shadow over the global economy and rocked financial markets around the world, Nasdaq-listed Pinduoduo has secured several long-term investors for the deal.
The fast-growing company has issued new shares to the investors, which represented about 2.8% of its enlarged share capital. It looks to close the transaction in early April, according to its statement.
(Reporting by Julie Zhu, editing by Louise Heavens)