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.
Kuaishou's Q1 2021: Revenue Up 36.6% to CNY 17.0 Bn
On May 24, the leading Chinese video-sharing platform, Kuaishou, released its unaudited consolidated results for Q1 2021, along with solid revenue growth, narrowed losses, higher user stickiness and a surging e-commerce business.
May 25, 2021 05:05 PM
MINISO's Q3 FY2021: Recovery from the Pandemic
On May 19, 2021, MINISO, a comprehensive retailer that covers a variety of affordable, creative lifestyle products, released its latest unaudited financial results, showing swelling revenue, solid profit growth and steady store expansion.
May 21, 2021 05:08 PM
MissFresh Considering US IPO
On the evening of April 7, according to Bloomberg, the fresh food distribution platform backed by Tencent was discussing with consulting agencies about preparing to go public. The IPO may be carried out as early as this year. Although the negotiation is still at the immature stage, the planned financing amount is at least USD 500 million – but might stretch higher, to USD 1 billion.
Apr 08, 2021 10:25 AM
Zhuanzhuan Obtains USD 390 Mn Financing, a New Record in the Industry
On April 2, the company announced that it had received an investment from GBA Greater Bay Area Fund and Tsing Yue Capital before the Spring Festival. This deal has become the largest single cash financing in the field of e-commerce reselling in China.
Apr 02, 2021 11:35 AM