GB vs PDD

Global Blue Group Holding AG

Global Blue Group Holding AG, together with its subsidiaries, provides technology-enabled transaction processing services for merchants, banks, acquirers, governments, and travelers worldwide. The company operates in two segments, Tax Free Shopping Technology Solutions (TFSS) and Added-Value Payment Solutions (AVPS). It offers TFSS, a value added tax (VAT) refund service that allows eligible shoppers to reclaim VAT on goods purchased outside of their home country. The company also provides AVPS, a service which enables customers to pay in their choice of preferred currency, home or destination, at the point of sale when shopping outside of their home country. In addition, it offers currency conversion services for point of sale, e-commerce dynamic currency conversion (DCC) services, and DCC services at ATMs, as well as multi-currency processing services for online retailers. Global Blue Group Holding AG was incorporated in 2019 and is headquartered in Wangen-Brüttisellen, Switzerland.

PDD Holdings Inc.

Pinduoduo Inc., through its subsidiaries, operates an e-commerce platform in the People's Republic of China. It operates Pinduoduo, a mobile platform that offers a range of products, including apparel, shoes, bags, mother and childcare products, food and beverage, fresh produce, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness items, and auto accessories. The company was formerly known as Walnut Street Group Holding Limited and changed its name to Pinduoduo Inc. in July 2018. Pinduoduo Inc. was incorporated in 2015 and is headquartered in Shanghai, the People's Republic of China.