News Score: Score the News, Sort the News, Rewrite the Headlines

China’s Richest Man, Zhong Shanshan, Lashes Out at PDD, ByteDance

China’s richest man lashed out at two of the country’s biggest tech giants for fanning online vitriol targeting him earlier this year and instigating a price war that wiped out tens of billions of market value for his bottled-water empire.At an event in Jiangxi province earlier this month, Zhong Shanshan, the founder of Nongfu Spring Co., accused online budget shopping platform PDD Holdings Inc. of disrupting a pricing system it has worked hard to uphold. “The price system like Pinduoduo’s does ...

Read more at bloomberg.com

© News Score  score the news, sort the news, rewrite the headlines