HONG KONG -- Chinese online retailer JD.com is set to spend billions of yuan on a subsidy program for merchants as a price war with rival Pinduoduo heats up, people familiar with the matter told Nikkei Asia.
Consumer
China's JD.com to offer big subsidies in price war with Pinduoduo
Vendors to gain from '10bn yuan' program as platforms return to cut-price plan
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