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.
Growth and Challenges of Pinduoduo, the Chinese eBay – Initiate with Hold [1/2]
China has an e-commerce company you probably have never heard of – and it is now worth more than USD 103 billion. Nevertheless, Chinese online business is full of drama, and Pinduoduo will have to keep adapting to stay ahead.
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