Pinduoduo’s ultra-cheap goods squeeze small Malaysian businesses

KUALA LUMPUR/IPOH – The Hungry Ghost Festival was expected to be a peak sales period for Lee Chuan Wei, 47, who owns a Chinese prayer-materials business in Penang. However , Lee said sales of offerings and other ceremonial items in the week leading up to the festival were just 60 per cent of those in the same period last year. “At least there were some enquiries close to the eve last year. Now, there isn’t even a single query. It saddens me,” he told The Straits Times on Aug 6. Observed during the seventh month of the lunar calendar, the…