JD.com is currently the second biggest online retailer in China behind Alibaba. However, Tongshu Wang, CIO at WT Asset Management, a greater China equity long-short fund, believes that it is only a matter of time before smaller peer Pinduoduo Inc. overtakes the group as the latter concentrates on building its market share in lower-tier cities.
Q1 hedge fund letters, conference, scoops etc
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Wang presented his thesis for Pinduoduo Inc. at this year’s Sohn Hong Kong Conference, which took...
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