While Gojek has reportedly denied its involvement in such talks, a potential merger between the two does not sound like something completely out of the question.
Pinduoduo has launched its dedicated "Help the Farmers" channel on February 10, to match the demand from of users with products from over 12 million agricultural producers.
Many of China’s unicorn companies, responsible for the creation of China’s formidable logistics system, have assisted in various emergency initiatives.
Shanghai-based e-commerce giant Pinduoduo is exploring adding a live function to their platform to augment the social nature of their business model.
Amazon is back with plans to open another online store on Pinduoduo, the latest e-commerce disruptor, challenging the industry’s status quo with year-round discounts, group buying and a shrewd focus on China’s underrepresented lower tier cities.
Pinduoduo announced its unaudited financial results for the third quarter ended September 30, 2019.
However, when their e-commerce rivals like Alibaba’s Taobao and JD.com were boasting about their inflated GMV numbers during the shopping festival, Pinduoduo took another approach.
On October 25, the stock price of Pinduoduo, a new Chinese e-commerce star, soared by 12.62% to $39.38, reaching an all-time high.
Chinese tech entrepreneurs are holding most of the country’s wealth, as a large number of the names on Hurun China Rich List 2019 are CEOs of tech giants.
According to Tencent Technological News, Chinese group buying e-commerce platform Pinduoduo surpassed Baidu in market value, becoming the fifth largest Internet company in China.
On August 21, Pinduoduo, an innovative and fast growing "new e-commerce" platform and one of the leading Chinese e-commerce players, announced its unaudited financial results for the second quarter that ended June 30, 2019.
Pinduoduo has been a lone bright spot in what has been a very difficult time for Chinese ADRs listed in the US.
According to Forbes, a record number of Chinese investors, particularly women investors, have made Forbes' 2019 Midas List.