Chinese social commerce startup Pinduoduo files for $1B US IPO; Pinduoduo's revenues tripled to $278M in 2017 while losses grew 55% to $79.5M (Lulu Yilun Chen/Bloomberg)

Lulu Yilun Chen / Bloomberg:
Chinese social commerce startup Pinduoduo files for $1B US IPO; Pinduoduo's revenues tripled to $278M in 2017 while losses grew 55% to $79.5M  —  - Pinduoduo was valued at $15 billion in previous funding round  — Tencent-backed Pinduoduo made $79.5 million loss in 2017

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