Pinduoduo

Pinduoduo is a Chinese e-commerce platform that allows users to participate in group buying deals, mostly through Tencent’s Wechat app.

Pinduoduo, founded in April, 2015 and headquartered in Shanghai, is a third-party mobile social e-commerce platform. The founder is Huang Zheng. Listed on the NASDAQ on July 26, 2018, the company's major shareholders are Hangzhou Aimi Network Technology Co., Ltd. Rivals that have direct and indirect competition with Pinduoduo include Taobao, JD, Amazon, eBay, etc.

Sector

Consumer Staples

Industry

Retailing

Sub-industry

E-commerce and Services

Founded

Apr 20, 2015

HQ location

Shanghai, China

Legal name

Shanghai Xunmeng Information Technology Co., Ltd.

Employees

3683

Briefing Nov 12, 2020 07:39 PM

Increase to 16% before pinduoduo

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