Chinese social commerce platform Pinduoduo Inc. (NASDAQ: PDD) announced today that its Board of Directors has appointed Lei Chen as its new Chief Executive Officer .
E-commerce platforms like JD.com made strategic moves to react to the gloom in the retail consumption market brought by the COVID-19 pandemic.
Chinese e-commerce platform Pinduoduo rose 5.26% to a record high of $57.83, putting its latest market capitalization at $69.26 billion.
Meituan has rolled out live streaming features on its platform to promote traveling and provide training to tenants. E-commerce platform Pinduoduo has also launched a series of virtual travel via live broadcasts.
E-commerce platform Pinduoduo released its annual report of fiscal year 2019, along with a letter from its CEO Huang Zheng where he talked about his thoughts brought by the ongoing outbreak.
Pinduoduo, China’s third largest e-commerce platform is making efforts to diversify its business by launching new services.
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.
China's largest online retailer JD.com has rebranded its own group-buying app & WeChat mini-program as ‘Jingxi’ to target consumers in China’s lower-tier cities.
Pinduoduo announced its unaudited financial results for the third quarter ended September 30, 2019.
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.
According to Forbes, a record number of Chinese investors, particularly women investors, have made Forbes' 2019 Midas List.
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.
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.
A bug with the Pinduoduo's discount vouchers that value up to tens of millions of yuan flooded into the public.
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.