![]() ![]() The platform focus on fewer bestsellers that attract more active buyers. Highly attractive prices with discounts up to 90% are the trademark of Pinduoduo. The ecommerce platform offers a wide range of products from daily groceries to home appliances. This is mainly attributed to investments in branding and ads. However, financially, the company is still in the red with 1.5 billion USD net loss in 2018. And the total sales value exceeded 14 billion USD. ![]() Continue reading about the Chinese investment landscape and Chinese stocks in this Tenba Group article.īy 2020, Pinduoduo’s rapid growth led to more than 300 million active users worldwide. Since then, the Pinduoduo stock price went down to 17 USD and up to 30 USD, averaging at 19 USD by mid-2019. The Pinduodo IPO price was 19 USD per share. This made it one of the largest IPOs in 2018. In 2018, Pinduoduo went public on the NASDAQ stock market in the United States, raising 1.6 billion USD through a US IPO (Initial Public Offering). Tencent, the tech giant behind We Chat, and other investors funded more than 110 million USD in 2016. Pinduoduo can be translated to 拼 Piece Together 多 A lot 多 A lot. Users can download the Pinduoduo app on their smartphone or access the platform via its website. It was created by Colin Huang as Shanghai Dream Information Technology Co., Ltd. 拼多多 or Pinduoduo in English is a Chinese ecommerce platform. So, with this in mind, let’s look at how Pinduoduo works. ![]() Pinduoduo is the fastest growing app in the history of the Chinese internet to date, with Tik Tok ranking second. Today, the daily order volume of Pinduoduo ranks second in mainland China after Taobao. In 2018, Pinduoduo introduced livestreaming. Now, the startup business Pinduoduo managed to shake up the duopoly significantly. While JD.com and Alibaba’s Taobao were battling for Chinese ecommerce space, a third platform, Pinduoduo, emerged in 2015. Today, the two most popular ecommerce sites in China now are JD (Jingdong) and Taobao. In fact, Amazon shut down its Chinese website – the domestic ecommerce business – in 2019. But you may be surprised to read that Amazon.cn is not the market leader in this country. Secondly, buying online is the easiest and cheapest way to get anything in China. ![]()
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