HONG KONG -- Pinduoduo's customers do not fit the image of the typical tech-savvy Chinese shopper. Instead, they are a group of bargain-hunting moms and pops, who might team up with friends and refresh a shopping website every few minutes to save less than a dollar on a package of fresh apples.
However, these humble shoppers -- many live in remote Chinese villages and lower-tier cities -- have lent solid support to the Chinese group-buying platform's business, spurring an upcoming initial public offering which could raise as much as $1.87 billion in the U.S. stock market.
