Inside PDD, China's e-commerce titan behind Temu and Pinduoduo

It was 2006, at a conference in San Francisco, and Amazon founder Jeff Bezos was crouched down in a packed auditorium attentively taking notes. Jack Ma, the founder of Alibaba, was introducing a hushed crowd to the company that would come to dominate China’s e-commerce market. It would have been hard to imagine back then that Alibaba would eventually take on the American e-commerce giant in China and win.