Bloomberg China’s upstart e-commerce company Pinduoduo Inc. (PDD) and its shareholders filed to sell more than 50 million shares in a secondary offering that could raise about $1.5 billion after the company’s public debut last year. The Shanghai-based company plans to sell 37 million American depository shares, while investors market 14.8 million, according to a securities filing. Its shares closed ...

Bloomberg Indonesia’s economy grew faster than economists expected last quarter, showing resilience in the face of a series of interest-rate hikes and weaker global demand. Gross domestic product (GDP) rose 5.18 percent in the fourth quarter from a year ago, compared with the 5.1 percent median estimate in a Bloomberg survey of economists. That took expansion for the whole year ...

Bloomberg China’s back buying more US soybeans just days after the last round of purchases by the world’s top importer. State-run buyer Cofco Corp. bought almost 1 million metric tons of the oilseed, while Sinograin purchased more than a million tons, the two companies said in separate statements. That follows an announcement that they had purchased 2 million tons from ...