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NASDAQ listed Pinduoduo was using faux transactions to boost order volume (a key metric it had been using to justify a high valuation). Similar to some used car sales websites in China that gave norma…

Money launderers have used some of China’s leading online shopping sites to transfer billions of dollars to offshore gambling sites, police raids have revealed. People wishing to evade China’s strict …

Brilliant way to gain access to The Economist. Kudos, maestro.

Also - likely a move to gain access to large 'dark pools' of mom&pop trades (orders) so that they aren't front run on institutional block trades & et cetera.