Ant Group released its anti-fraud report for the first three quarters of 2021 on Thursday. More than 14,700 volunteers carried out the anti-fraud campaign in thousands of communities and cities around the country.
China’s second-largest online shopping platform Pinduoduo has launched a mini program on its app that will allow consumers to verify the authenticity of their baby formula products.
Chinese e-commerce platform Pinduoduo Inc. saw increases in revenues and active users in its unaudited financial results for the third quarter ending Sept. 30, 2020.
Pinduoduo launched a new section called “High-quality hometown products” in partnership with a recent box office hit movie which features stories between people and their hometowns.
Chinese e-commerce platforms are thinking about new ways to help consumers obtain cheaper pork. And the online community group buying model is one of the ways.
Pinduoduo Inc. continued to add more active users and saw the smallest net loss since IPO, according to its unaudited financial report for the second quarter ending June 30 released Friday.
Colin Zheng Huang, the founder of Chinese e-commerce giant Pinduoduo (PDD), has stepped down as CEO and reduced his stake in Pinduoduo stock to 29.4% from 43.3%.
Just as Alibaba celebrated their new record of $38.4 billion in GMV on the Singles’ Day shopping festival, rumors questioning the integrity of those numbers surfaced and circulated on Chinese social media platforms.
