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Pinduoduo Subscribes to US$200 Million in GOME Convertible Bonds in Strategic Partnership

CBs are convertible at HK$1.215 per share, or approx. 5.6% of GOME shareholding PDD will bring GOME’s entire product range onto the e-commerce platform and help with its digitization strategy Pinduoduo Inc.,  an innovative and fast growing technology platform and one of the leading Chinese e-commerce players, announced it will subscribe to US$200 million in convertible bonds (“CBs”) issued by household appliance and electronics retailer GOME Retail Holdings Limited (“GOME”) (HKEX stock code: 493.HK) as part of a…