Rajiv MenonGeneral
PDD Profit Falls 12% as Price Wars and Overseas Tariffs Bite
Revenue rose 8 per cent to 112.36 billion yuan for the quarter ended June 30, missing consensus estimates as margins tightened across China and Western markets.
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Pinduoduo
Every story tagged Pinduoduo on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.
Stories tagged Pinduoduo
12 stories in this topic
Aiko TanakaE-Tailing
Pinduoduo Surpasses Revenue Expectations But Faces Profit Decline Amid Aggressive Market Competition
Pinduoduo (PDD Holdings), a prominent e-commerce firm operating economical platforms in China and internationally, surpassed quarterly revenue expectations. However, its net income plummeted as a result of investments made to compete in an increasingly…
Sarah ChenGeneral
Google suspends China’s Pinduoduo app on security concerns
Google has suspended the Play version of Chinese eCommerce app Pinduoduo after security issues were discovered in app versions outside Google’s app store. Off-Play versions of the app that have been found to contain malware have been enforced on via Google…
Aiko TanakaE-Tailing
China’s Pinduoduo beats revenue estimates, eyes overseas growth
Shanghai-based e-commerce giant Pinduoduo Inc reported quarterly revenue above Wall Street estimates on Monday, buoyed by a major shopping festival and price promotions to lure China’s increasingly reluctant consumers to open their wallets. The group’s…
Rajiv MenonGeneral
Pinduoduo Trains Farmers in Online Commerce to Boost Agricultural Incomes
Agricultural e-commerce platform Pinduoduo has helped to raise incomes for rural farming communities by widening market access for producers, who can now bypass intermediaries to sell directly to consumers. But while many farmers are aware of the benefits of…
Aiko TanakaGeneral
Pinduoduo named top logistics company for farm-to-fork innovation
Chinese agriculture platform Pinduoduo was named one of the top 10 innovative logistics companies in Fast Company’s 2022 annual rankings for its work on a new logistics system for handling agricultural products. Pinduoduo operates an e-commerce platform that…
Minjun ParkE-Tailing
Pinduoduo sales beat expectations
Pinduoduo, China’s largest e-commerce platform for agricultural products, has expanded its online grocery ordering service to most provinces since introducing it in the cities of Wuhan and Nanchang in August. Duo Duo Maicai, as the grocery feature is called,…
Sarah ChenE-Tailing
Pinduoduo collects US$1.1 billion in private funding
Chinese e-commerce platform Pinduoduo has successfully raised US$1.1 billion in a private funding round. The firm will use the new funding, some of which was contributed by long-standing investors, to capture “additional opportunities” during a period when…
Aiko TanakaE-Tailing
Amazon opens on Pinduoduo pop up store
Global online retailer Amazon is set to launch a Pinduoduo pop-up store. According to reporting in Reuters, the Pinduoduo pop-up store will run until the end of the year with around 1000 selected overseas products. Amazon recently closed its Chinese…
Sarah ChenE-Tailing
Alibaba may buy Kaola from Netease
Alibaba and Chinese tech firm Netease are in talks on the internet giant’s potential acquisition of its cross-border e-commerce platform Kaola, which would be merged with Tmall. According to sources from the mainland, Alibaba may offer as much as US$2 billion…
Maria SantosResearch
The sharp rise of Pinduoduo – What is the secret?
Pinduoduo, also known as PDD, founded by the Ex-Googler Colin Huang, is currently the fastest growing app in the history of the Chinese Internet and the leading Chinese App for social e-commerce. Pinduoduo is reported to have raised a US$3 billion investment…
Minjun ParkStartups
Chinese’s Pinduoduo seeks US$1 billion
Chinese e-commerce startup Pinduoduo is seeking US$1 billion in a US IPO, going head to head with industry giants such as Alibaba. The company’s business model, in which users recruit friends via social media to enjoy group-discount offers direct from…