HONG KONG -- It was 2006, at a conference in San Francisco, and Amazon founder Jeff Bezos was crouched down in a packed auditorium attentively taking notes. Jack Ma, the founder of Alibaba, was introducing a hushed crowd to the company that would come to dominate China's e-commerce market. It would have been hard to imagine back then that Alibaba would eventually take on the American e-commerce giant in China and win.
As PDD Holdings' Temu moved into more than 40 countries in 2023, reportedly spending more than $2 billion on marketing, employees say the work culture took a toll on their personal lives and health. (Photo by Yuki Kohara)
The Big Story
Inside PDD, China's e-commerce titan behind Temu and Pinduoduo
Efforts to surpass Alibaba at home and chase Amazon abroad come with human cost
Read Next
Latest on The Big Story
