Pinduoduo, a startup operating an online group buying platform, has raised series B funding, after growing its service using Tencent's WeChat app.
China-based group buying platform Pinduoduo has raised $110m in a series B round that included internet group Tencent, according to China Money Network, which cited local media reports.
The round also included venture capital firm Banyan Capital and private equity fund New Horizon Capital. No information has been released regarding its series A funding.
Pinduoduo launched its e-commerce platform in September 2015. It enables users to link with each other to take advantage of group and bulk buying deals across…
