Pinduoduo announces us$500 million private share placement to a global institutional investor

Shanghai, china, dec. 21, 2020 (globe newswire) -- pinduoduo inc. (“pinduoduo” or the “company”)  (nasdaq: pdd) said a global institutional investor will purchase close to us$500 million of new shares through a private placement as the agriculture-focused technology platform pursues its strategic priority of raising farm productivity and improving food security and quality.
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