China's Gome Retail to raise $200m through debt sale to Pinduoduo

China's Gome Retail to raise $200m through debt sale to Pinduoduo

The Pinduoduo logo. Photographer: Qilai Shen/Bloomberg

Chinese electronics retailer Gome Retail Holding on Sunday said it would raise $200 million through a convertible bond issue that will be entirely taken up by e-commerce platform Pinduoduo.