Pinduoduo

Retail Asia27/03/2023

Google has suspended the Play version of Chinese eCommerce app Pinduoduo after security issues were discovered in app versions outside Google’s app store. Off-Play versions of the app that have been found to contain malware have been enforced on via Google Play Protect, and the Play version of the app has been suspended for security concerns. […]

Retail Asia30/08/2022

Shanghai-based e-commerce giant Pinduoduo Inc reported quarterly revenue above Wall Street estimates on Monday, buoyed by a major shopping festival and price promotions to lure China’s increasingly reluctant consumers to open their wallets. The group’s U.S.-listed shares rose more than 15% in trading before the bell. “We saw a recovery in consumer sentiment in the […]

Retail Asia25/08/2022

Agricultural e-commerce platform Pinduoduo has helped to raise incomes for rural farming communities by widening market access for producers, who can now bypass intermediaries to sell directly to consumers. But while many farmers are aware of the benefits of selling online, they may still find it daunting to set up and run their own e-commerce […]

Retail Asia25/03/2022

Chinese agriculture platform Pinduoduo was named one of the top 10 innovative logistics companies in Fast Company’s 2022 annual rankings for its work on a new logistics system for handling agricultural products. Pinduoduo operates an e-commerce platform that serves more than 850 million buyers and over 16 million agricultural producers. Its Duo Duo Grocery service […]

Retail Asia16/11/2020

Pinduoduo, China’s largest e-commerce platform for agricultural products, has expanded its online grocery ordering service to most provinces since introducing it in the cities of Wuhan and Nanchang in August. Duo Duo Maicai, as the grocery feature is called, was introduced in response to the surging demand for buying groceries online following the onset of […]

Retail Asia06/04/2020

Chinese e-commerce platform Pinduoduo has successfully raised US$1.1 billion in a private funding round. The firm will use the new funding, some of which was contributed by long-standing investors, to capture “additional opportunities” during a period when the world’s economy is affected by the coronavirus pandemic. Investors in this funding round were granted 2.8 percent […]

Retail Asia03/12/2019

Global online retailer Amazon is set to launch a Pinduoduo pop-up store. According to reporting in Reuters, the Pinduoduo pop-up store will run until the end of the year with around 1000 selected overseas products. Amazon recently closed its Chinese marketplace for domestic sellers and is shifting focus to products sold in the Chinese market […]

Retail Asia28/08/2019

Alibaba and Chinese tech firm Netease are in talks on the internet giant’s potential acquisition of its cross-border e-commerce platform Kaola, which would be merged with Tmall. According to sources from the mainland, Alibaba may offer as much as US$2 billion for the business. “The deal would represent a step toward market consolidation in China’s […]

Retail Asia23/10/2018

Pinduoduo, also known as PDD, founded by the Ex-Googler Colin Huang, is currently the fastest growing app in the history of the Chinese Internet and the leading Chinese App for social e-commerce. Pinduoduo is reported to have raised a US$3 billion investment round led by Tencent Holdings, at a valuation of US$15 billion. A significant […]

Retail Asia05/07/2018

Chinese e-commerce startup Pinduoduo is seeking US$1 billion in a US IPO, going head to head with industry giants such as Alibaba. The company’s business model, in which users recruit friends via social media to enjoy group-discount offers direct from manufacturers, has seen its transaction volumes reach 141.2 billion yuan (US$21.3 billion) in 2017, tripling […]

Tag: Pinduoduo

Google suspends China’s Pinduoduo app on security concerns

China’s Pinduoduo beats revenue estimates, eyes overseas growth

Pinduoduo Trains Farmers in Online Commerce to Boost Agricultural Incomes

Pinduoduo named top logistics company for farm-to-fork innovation

Pinduoduo sales beat expectations

Pinduoduo collects US$1.1 billion in private funding

Amazon opens on Pinduoduo pop up store

Alibaba may buy Kaola from Netease

The sharp rise of Pinduoduo – What is the secret?

Chinese’s Pinduoduo seeks US$1 billion