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Pinduoduo
Acquired
The Restricted Cash Line Item on the PdD Platform
When new merchants sign up to come on to the p d d platform, they have to pay in a pretty meaningful cash deposit to be on the platform. And that's to guard against a fraud. So if there are customer complaints, like kind of the equivalent of charge backs, or counterfeit merchandise or whatever, there's actually some real teeth. That is part of the story. If you look at the restricted cash line item on this company's balance sheet, it's enormous....
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