TOPIC

/ company

Pinduoduo

PDD is an online retailer specialising in the budget-shopping segment. It has quickly become one of the biggest e-commerce businesses in China, with its Pinduoduo app pioneering the concept of social e-commerce, allowing consumers to reap steep discounts by buying in groups. It has expanded aggressively overseas in recent years, launching its Temu app in the US in 2022, and subsequently rolling it out in more than 40 countries.

Chairman / President

Chen Lei

CEO / Managing Director

Zhao Jiazhen

CFO / Finance Director

Liu Jun

Industry

E-commerce

Website

pinduoduo.com

Headquarters address

1188 Zhangheng Road, Zhangjiang Hi-Tech Park, Pudong New District, Shanghai, China

Stock Code

NASDAQ:PDD

Year founded

2015

last updated:

30 September, 2024

Pinduoduo

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The founder of bottled water company Nongfu Spring called Pinduoduo a main contributor to aggressive pricing causing ‘huge harm for Chinese brands’.

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The encouraging start to Singles’ Day sales for the country’s largest online retail platforms augurs well for consumer spending on the mainland.

Apple’s iPhone 16 sees further price cuts as part of Singles’ Day promotions

Alibaba’s Tmall, JD.com and Pinduoduo introduced further iPhone 16 discounts as part of their respective Singles’ Day campaigns.

Alibaba sees double-digit sales growth for Singles’ Day in Hong Kong

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Alibaba’s new Singles’ Day focus: protecting sellers from price wars

The e-commerce giant aims to root out ‘ineffective involution’ after Beijing warned against a race to the bottom in price and quality.

Alibaba, JD.com, Pinduoduo kick-start Singles’ Day promotions on same day

The e-commerce rivals’ respective promotions look to benefit from healthier consumer spending on the back of Beijing’s stimulus measures.

Discount shopping giant Temu enters Vietnam and Brunei amid Indonesia ban

The latest expansion initiatives of Temu reflect its efforts to grow in Southeast Asia, home to nearly 700 million people.

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