21 Chinese Investors Make Record on Forbes’ 2019 Midas List
According to Forbes, a record number of Chinese investors, particularly women investors, have made Forbes’ 2019 Midas List.
Pinduoduo Stocks Drop Despite Revenue Exceeding Wall Street Expectations
Pinduoduo released its full-year financial report on Mar. 13. The Shanghai-based Chinese e-commerce company, which has been likened to Groupon, exceeded market expectations in terms of revenue but missed earnings estimates.
Ep. 36: China Tech is Risky Business – Pinduoduo’s Hack and DJI’s Corruption Scandal
Ying-Ying Lu and Rui Ma talk about the dirty, risky, and more unseemly aspects of China tech, primarily focused on two stories that grabbed headlines recently: the “hack” at Pinduoduo, and the corruption scandal at DJI.
Pinduoduo Loses Tens of Millions To Fraud Overnight
A bug with the Pinduoduo’s discount vouchers that value up to tens of millions of yuan flooded into the public.
Pinduoduo Founder Debuts in Hurun China Rich List 2018
With a fortune of 95 billion RMB ($14 billion), 38-year-old Colin Huang, founder of the e-commerce giant Pinduoduo, ranked 13th on the Hurun China List 2018 released on Oct. 10.
Pinduoduo Reports Big Wins and Losses in the First Post-IPO Report Amidst Counterfeit Goods Scandal
After going public in July, the e-commerce giant Pinduoduo Inc. (PDD) released its first quarterly report on Aug. 30, showing some big gains and even bigger losses.
Newsletter: Trashless Lifestyle in a Trash-besieged City
Here’s this week’s roundup of China tech stories.
Newsletter: Can Technology Help China’s Public Health Crisis?
It has been an uneasy week as the vaccine scandal and #metoo movement have been causing huge stirs on Chinese social media for the past few weeks.
Pinduoduo Goes Public in the U.S., Stock Price Surges 44%
China’s social commerce group discount platform Pinduoduo had its debut on the Nasdaq at 7 p.m. July 26 (Beijing time), and ended its first trading day with a stock price of $26.70, valuing the company at $29.6 billion.
Pinduoduo Plans to Raise a Maximum of $1.87 Billion in U.S. IPO
China’s new e-commerce platform, Pinduoduo, plans to raise a maximum of $1.87 billion through its listing on the NASDAQ Global Select section, according to its updated prospectus to the U.S. Securities and Exchange Commission (SEC).
Ep. 13: JD, Google, and the War for the Rest of the World
On June 18, JD.com concluded its annual shopping festival with a transaction volume of around US$24.5 billion. On the same day, the e-commerce platform also announced an investment from Google of $550 million. What does this new alliance mean? Listen to latest episode from TechBuzz China to find out!
Pinduoduo, China’s Facebook-Groupon Mashup, Files for $1B US IPO
Pinduoduo, one of China’s largest e-commerce unicorns, looks to raise around US$1 billion in its U.S. initial public offering (IPO), confirming a report published earlier by Pandaily.
Pinduoduo Rumored to be Filing for U.S. IPO Next Week
On the morning of June 28, sources from China Entrepreneur Magazine disclose that leading e-commerce platform Pinduoduo is rumored to be filing for an IPO at the U.S. Securities and Exchange Commission next week, with Goldman Sachs and China International Capital Corporation as the main underwriters.
Ep. 2: The Rise of Social Commerce and The Future of Co-Working in China
This week on the TechBuzz China podcast, our hosts Rui Ma and Ying-Ying Lu lead in-depth discussions on the e-commerce phenomenon that is Pinduoduo and the future of co-working in China with WeWork’s purchase of NakedHub. They also shared commentaries from multiple investors and industry insiders such as Kathy Xu, Mark Pols, and Rebecca Brian…
Alibaba’s Worst Nightmare: Pinduoduo Becoming the No.1 E-commerce App in China
Have you ever used Pinduoduo? There is a wide variety of e-commerce start-ups in China, but why is Pinduoduo suddenly so popular ? SEE ALSO: Go For the WeChat Gold: E-commerce Business Increases 20 times In One Year? It is because it has a large user base? Public data show that Pinduoduo has already attracted…