{"id":40097,"date":"2022-03-23T10:00:22","date_gmt":"2022-03-23T10:00:22","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=40097"},"modified":"2022-03-23T10:00:22","modified_gmt":"2022-03-23T10:00:22","slug":"as-chinas-lower-tier-markets-slow-down-pinduoduos-e-commerce-growth-hits-record-low","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=40097","title":{"rendered":"As China\u2019s lower-tier markets slow down, Pinduoduo\u2019s e-commerce growth hits record low"},"content":{"rendered":"<p>Source: China &#8211; South China Morning PostPinduoduo, which last year briefly dethroned Alibaba Group Holding as China\u2019s largest e-commerce platform by number of active buyers, reported just a 2.6 per cent revenue growth in fourth quarter last year, in a sign that consumer spending in the world\u2019s second-largest economy is waning amid a broad economic slowdown and rigid Covid-19 control measures.The Shanghai-based company, which leverages the social network of its consumers to promote online sales, is known for its competitive pricing,\u2026<a href=\"https:\/\/www.scmp.com\/tech\/big-tech\/article\/3171526\/chinas-lower-tier-markets-slow-down-pinduoduos-e-commerce-growth-hits?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: China &#8211; South China Morning PostPinduoduo, which last year briefly dethroned Alibaba Group Holding as China\u2019s largest e-commerce platform by number of active buyers, reported just a 2.6 per&hellip; <\/p>\n","protected":false},"author":0,"featured_media":40098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/40097"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40097"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/40097\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/media\/40098"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40097"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}