Rui Ma on China’s fast-changing internet industry

November 22, 2019China leads the world in the number of unicorn startups, many of which are e-commerce and other Internet-based businesses. New e-commerce platforms are emerging alongside established players, such as Pinduoduo, the group buying platform that trails only Alibaba in number of users and has become one of China’s five most valuable Internet companies. TikTok owner Bytedance recently revised its revenue target for 2019 to 120 billion RMB, from an earlier goal set late last year of...