<div>UPDATE 1-China's Pinduoduo raises $1.1 bln in share placement amid volatile markets</div> <!-- no image --> <div>Chinese e-commerce firm Pinduoduo Inc said on Tuesday that it had raised $1.1 billion in a private share placement, bolstering its ability to finance growth, despite recent market volatility.<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=nP1hESzOuMc:Gm-niP0DYFc:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=nP1hESzOuMc:Gm-niP0DYFc:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=nP1hESzOuMc:Gm-niP0DYFc:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=nP1hESzOuMc:Gm-niP0DYFc:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=nP1hESzOuMc:Gm-niP0DYFc:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/nP1hESzOuMc" height="1" width="1" alt=""></div> Posted by Reuters