News Snapshot:
Pinduoduo's North American platform, Temu, is currently the No. 1 app in Canada Pinduoduo, China’s latest e-commerce giant and Alibaba’s main competitor, entered the Canadian market last month. Following the company’s expansion to the United States last fall, its North American online shopping site Temu is now the No. 1 app in Canada, according to SimilarWeb, which ranks Apple App and Google Play store apps based on usage, new users and engagement. Pinduoduo's successful push into Canada has put more pressure on B.C. businesses, which already face challenges competing with Amazon and other e-commerce platforms. Pinduoduo offers a wide variety...
