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Pinduoduo

Pinduoduo

Pinduoduo is an e-commerce platform allowing users to participate in group buying deals, mostly through Tencent’s Wechat app. The company was founded in 2014 and is based in Shanghai, China.

OVERVIEW

Category
E-commerce
Headquarter
Shanghai, China
Founded Time
Jan. 1, 2014
Latest Funding
IPO
Company Size
2000+
Also Known As
拼多多, Pin Duo Duo
Legal Name
Shanghai Xunmeng Information Technology Co., Ltd
Name (Chinese)
Pinduoduo
Legal Name (Chinese)
上海寻梦信息技术有限公司
Email Address
investor@pinduoduo.com
Phone Number
+86 21 6189 7088
Read More

FUNDING

Number of Funding Rounds 6
Total Funding Amount USD 3.30B
Announcement Date Funding Round Funding Raised Lead Investor(s)
Jul. 26, 2018 IPO 1.60B -
Apr. 11, 2018 Series D 1.37B Tencent Holdings, Sequoia Capital China, Gaorong Capital
Feb. 1, 2017 Series C 213.70M Tencent Holdings, Sequoia Capital China, Gaorong Capital, Cathay Capital
Jul. 16, 2016 Series B 110.00M Gaorong Capital, New Horizon Capital, Taihe Capital,
Sep. 7, 2015 Series A 9.00M Gaorong Capital, IDG Capital, Banyan Capital Partners
Feb. 2, 2015 Angel Round 1.45M DING Lei, DUAN Yongping, SUN Tongyu, WANG Wei,
Announcement Date

Jul. 26, 2018

Funding Round

IPO

Funding Raised

1.60B

Lead Investor(s)

-

Announcement Date

Apr. 11, 2018

Funding Round

Series D

Funding Raised

1.37B

Lead Investor(s)

Tencent Holdings, Sequoia Capital China, Gaorong Capital

Announcement Date

Feb. 1, 2017

Funding Round

Series C

Funding Raised

213.70M

Lead Investor(s)

Tencent Holdings, Sequoia Capital China, Gaorong Capital, Cathay Capital

Announcement Date

Jul. 16, 2016

Funding Round

Series B

Funding Raised

110.00M

Lead Investor(s)

Gaorong Capital, New Horizon Capital, Taihe Capital,

Announcement Date

Sep. 7, 2015

Funding Round

Series A

Funding Raised

9.00M

Lead Investor(s)

Gaorong Capital, IDG Capital, Banyan Capital Partners

Announcement Date

Feb. 2, 2015

Funding Round

Angel Round

Funding Raised

1.45M

Lead Investor(s)

DING Lei, DUAN Yongping, SUN Tongyu, WANG Wei,

UPDATES

Social E-commerce Under Social Spotlights
In 2018, the total amount of social e-commerce financing exceeded CNY 20 billion. Moreover, 80% of unplanned consumption comes from social e-commerce.

In 2018, the total amount of social e-commerce financing exceeded CNY 20 billion. Moreover, 80% of unplanned consumption comes from social e-commerce.

Socially-driven E-commerce Drives Alibaba’s Taoxiaopu Online
The advantages of social e-commerce are that it can shorten the supply chain, realize the explosive growth of users through fission, and open the blue-sea market of low-tier-cities users.

The advantages of social e-commerce are that it can shorten the supply chain, realize the explosive growth of users through fission, and open the blue-sea market of low-tier-cities users.

Pinduoduo Announces Q1 Financials
Total revenues in Q1 reached CNY 4,545.2 million, an increase of 228% for the same period in 2018. Operating loss was CNY 2,120.5 million, compared with operating loss of CNY 253.1 million in the same quarter of 2018.

Total revenues in Q1 reached CNY 4,545.2 million, an increase of 228% for the same period in 2018. Operating loss was CNY 2,120.5 million, compared with operating loss of CNY 253.1 million in the same quarter of 2018.

Pinduoduo Launches Poverty Alleviation Program in Zunyi
Pinduoduo has a low-tier-city 'gene' ingrained into its culture since its inception. The company's development is driven largely by rural consumers and it has a strong incentive to revolutionize the production and supply chains.

Pinduoduo has a low-tier-city 'gene' ingrained into its culture since its inception. The company's development is driven largely by rural consumers and it has a strong incentive to revolutionize the production and supply chains.

Beidian Announces A CNY 860 Million Fundraising
The investment is led by Hillhouse Capital, Xiang He Captial, Sequoia, Sinovation Ventures, Gaorong Capital, IDG Capital, Captial Today. The money will be applied to supply chain upgrading.

The investment is led by Hillhouse Capital, Xiang He Captial, Sequoia, Sinovation Ventures, Gaorong Capital, IDG Capital, Captial Today. The money will be applied to supply chain upgrading.

Yunji Seeks Growth in the Saturated E-commerce Market
Yunji, together with Pinduoduo, are two start-up companies that go to public in a very short period of time and also sell the concept of e-commerce through social-network.

Yunji, together with Pinduoduo, are two start-up companies that go to public in a very short period of time and also sell the concept of e-commerce through social-network.

Pinduoduo Releases Fiscal Year 2018 Financial Results and First Shareholder Letter
Pinduoduo released its first shareholder letter and 2018 fiscal year financial results on the evening of April 24th.

Pinduoduo released its first shareholder letter and 2018 fiscal year financial results on the evening of April 24th.

Pinduoduo Launches Poverty Alleviation Project to Support Agriculture
Pinduoduo cooperated with 6 other platform merchants to purchase 42.53 tons of coffee beans and other raw materials from poor households at a price of CNY 407,600.

Pinduoduo cooperated with 6 other platform merchants to purchase 42.53 tons of coffee beans and other raw materials from poor households at a price of CNY 407,600.

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