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.
PDD: Turning Stable Growth Stage, Agricultural Strategy Starts to Bear Fruits
PDD’s revenue reached CNY 23.8 billion in Q1 2022 with transaction services revenue surging 91% YoY. Owing to China's product trade and unique political environment, we believe the agriculture tech market, though extremely difficult, has great potential. Its Commission revenue in Q1 nearly doubled owing to product sales, testifying to the potential of the agricultural strategy.
Jun 03, 2022 11:54 AM
ResearchConsumer Staples, Healthcare, Technology
WIA2020 | Rising Tech Stars 2020: Global & China's 100