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</html><thumbnail_url>https://technode.com/wp-content/uploads/2024/05/WechatIMG4231.jpg</thumbnail_url><thumbnail_width>1280</thumbnail_width><thumbnail_height>853</thumbnail_height><description>When JD and Taobao try to provide more cash subsidies to shoppers, Pinduoduo more straightforwardly implements its low-price advantage by urging merchants to cut prices, with those who do so getting higher search rankings during the shopping festival. The price war that has permeated the industry in the past two years seems like a bottomless pit for e-commerce participants.</description></oembed>
