Chinese e-commerce firms JD.com and Alibaba’s Taobao roll out ‘refund only’ policy to shoppers, heating up rivalry with budget retailer Pinduoduo

• Both JD.com and Alibaba’s Taobao this week added a new ‘refund only’ policy to their respective platform rules

• The two e-commerce giants are taking a leaf out of the playbook of rival Pinduoduo, which…