pinduoduo

CE100™ Dips, but Rebound in Platform Companies Softens Rough Week
CE100™ Dips, but Rebound in Platform Companies Softens Rough Week
May 23, 2022  |  Connected Economy

In the stock market, there comes a point at which, perhaps, one is satisfied with a less wild ride than is being seen in the...

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Chinese eCommerce Platform Pinduoduo Posts Increase in Net Income
Chinese eCommerce Platform Pinduoduo Posts Increase in Net Income
March 21, 2022  |  Earnings

Chinese eCommerce startup Pinduoduo, which is also China’s largest agriculture platform, reported a 3% increase in revenue for the fourth quarter and a 46% increase...

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Chinese eCommerce Giant Pinduoduo Sees 30 Pct Jump In Users
Chinese eCommerce Giant Pinduoduo Sees 30 Pct Jump In Users
August 24, 2021  |  eCommerce

The Chinese eCommerce giant Pinduoduo saw a jump in monthly active users and active buyers over the past year, according to the company’s second-quarter financial...

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China Tells eCommerce Platforms To Remove Fake Report Merchants
China Tells eCommerce Platforms To Remove Fake Report Merchants
July 08, 2021  |  International

China’s market regulator is asking some eCommerce firms, like Alibaba-owned Taobao and Pinduoduo, to remove online shops with false quality reports, U.S. News reported. In...

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Pinduoduo Founder Moves On As Business Beats Out Alibaba
Pinduoduo Founder Moves On As Business Beats Out Alibaba
March 17, 2021  |  eCommerce

Even as Pinduoduo, founded in 2015, overtakes Alibaba to become China’s largest eCommerce company, a shakeup at the top continues. Pinduoduo Founder Colin Huang has...

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Pinduoduo Aims To Raise Up To $5.6B To Boost Online Grocery Shopping
Pinduoduo Aims To Raise Up To $5.6B To Boost Online Grocery Shopping
November 17, 2020  |  Retail

Chinese eCommerce platform Pinduoduo plans to raise up to $5.6 billion to invest in its one-day delivery service of farm goods across China, among other...

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In China, Pent-Up Demand For Cosmetics A Blip Or Trend?
In China, Pent-Up Demand For Cosmetics A Blip Or Trend?
April 08, 2020  |  Retail

Emerging from lockdown, Chinese consumers may be opening up (digital) wallets and purses … though gradually. Against that backdrop, South China Morning Post reported that...

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China’s Pinduoduo Raises $1.1B In Private Placement
China’s Pinduoduo Raises $1.1B In Private Placement
March 31, 2020  |  Investments

Despite the world’s markets being crippled by the coronavirus, Pinduoduo Inc., the Chinese eCommerce company, said on Tuesday (March 31) that it has raised $1.1...

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‘Google Checking,’ T-Mobile Data Breach Top This Week’s News
‘Google Checking,’ T-Mobile Data Breach Top This Week’s News
November 29, 2019  |  News

It’s the end of a holiday week and almost the beginning of a new month. And the PYMNTS Weekender is here to make sure you...

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