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.
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.
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.
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.
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.
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.
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).
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, 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.
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.
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 […]
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 […]
“Alibaba and JD.com have established offices to compete with Pinduoduo.” said Bin Huang, an e-commerce merchant. Relying on WeChat traffic, Pinduoduo has become a black horse within the e-commerce industry.
