PINDUODUO (PDD. NASDAQ) – Together, More Savings, More Fun!
Source: https://investor.pinduoduo.com
Pinduoduo returns more than 500 per cent in the last one year.
Despite only started in 2015, Pinduoduo is now the second-largest e-commerce platform in China, only behind Alibaba. Pinduoduo has been enjoying strong growth, with 3Q20 revenue jumping by 89% yoy to RMB 14.209 Billions. The company now has 731 million active buyers on its platform.
Pinduoduo emphasize on team purchase model to promote interactions between users to increase volume of sales while giving more savings to the users. Many of Pinduoduo current crop of sellers were originally on Alibaba's Taobao platform.
By continuously expanding the range of products available, the online platform attracts new merchants and brands selling everything from toothbrushes to Rolls-Royce cars!
SMART AGRICULTURE “DuoDuo Maicai”
PDD operates China's largest online marketplace for agricultural products, and is the only major tech company in China to make improving agriculture a stated strategic priority....