pinduoduo

Shop and Healthcare Pillars Surge Amid Strategic Shifts, but CE 100 Sees Slight Decline
Shop and Healthcare Pillars Surge Amid Strategic Shifts, but CE 100 Sees Slight Decline
October 07, 2024  |  Connected Economy

The CE 100 Index slipped 0.6% as October’s first few days of trading brought investors firmly into the fourth quarter while reversing some of the...

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Chinese Stocks Tencent and Pinduoduo Soar, Drive CE 100 Index 2.2% Higher
Chinese Stocks Tencent and Pinduoduo Soar, Drive CE 100 Index 2.2% Higher
September 30, 2024  |  Connected Economy

The CE 100 Index got a boost this week from China. The overall Index’s 2.2% rally came as two of our names — Pinduoduo and...

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BNPL Firms Save the Day as CE 100 Breaks Even for Week
BNPL Firms Save the Day as CE 100 Breaks Even for Week
September 02, 2024  |  Connected Economy

It doesn’t have a dedicated heading in the Connected Economy, but the Buy Now, Pay Later sector of the “pay and get paid” pillar tore...

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PDD Holdings Revenue Doubles as Consumers Seek ‘Value for Money’
PDD Holdings Revenue Doubles as Consumers Seek ‘Value for Money’
March 20, 2024  |  Earnings

PDD Holdings, the multinational commerce group that owns and operates shopping platforms Pinduoduo and Temu, saw its revenue double year-over-year as consumers sought “value for money.”...

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CE 100 Index Gives Up 1.2%, Led by Zillow’s Share Slide
CE 100 Index Gives Up 1.2%, Led by Zillow’s Share Slide
March 18, 2024  |  Connected Economy

The CE 100 Index lost 1.2% as the end of earnings season is in sight. Year to date, the Index has trailed several of the...

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Temu Ad Spend Places It Among Largest Online Advertisers in US
Temu Ad Spend Places It Among Largest Online Advertisers in US
January 31, 2024  |  eCommerce

Temu reportedly spent $3 billion in 2023 on online advertising in the United States for its eCommerce marketplace. This move by Temu, which was introduced to...

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Budget-Conscious Chinese Consumers Drive Sales for Value-Focused Companies
Budget-Conscious Chinese Consumers Drive Sales for Value-Focused Companies
October 13, 2023  |  Retail

Companies that cater to budget-conscious Chinese consumers have reportedly seen sales soar, while their upmarket rivals have struggled to keep up. Online retailer Pinduoduo, budget household-goods...

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Gucci Doubles Down on China’s Consumers With JD.com Expansion
Gucci Doubles Down on China’s Consumers With JD.com Expansion
August 21, 2023  |  eCommerce

As Richemont acknowledges the declining influence of China on luxury shopping, Kering is seeking to delve deeper into the market, aiming to connect with consumers...

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CE 100 Index Gains 1.3% as Ocado’s Surge Offset by LendingClub, Snap Declines
CE 100 Index Gains 1.3% as Ocado’s Surge Offset by LendingClub, Snap Declines
July 31, 2023  |  Connected Economy

Earnings season is now in full swing, dominating headlines, moving stocks in our ConnectedEconomy™ 100 Index up double-digit percentage points — and to the downside,...

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