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  • PDD's cross-border e-commerce platform Temu to enter Australia and New Zealand on March 13

    PDD Holdings (NASDAQ: PDD), the parent company of Chinese e-commerce platform Pinduoduo, will tap into the e-commerce markets in Australia and New Zealand by launching its cross-border e-commerce platform Temu in the two countries on March 13, reported the Xinhua-run Shanghai Securities News.

    March07,2023


  • Pinduoduo's revenue surges in Q1

    The Nasdaq-listed Chinese e-commerce platform Pinduoduo Inc. posted 239-percent year-on-year revenue growth in the first quarter (Q1) of this year.

    May27,2021


  • Great results for Chianti wine in China thanks to Pinduoduo platform

    Almost half a million Chinese wine lovers took part in the webinar held to present Italian wines in the framework of the next Wine to Asia fair, scheduled for June 8-10 in Shenzhen, thanks to the Veronafiere-Vinitaly partnership and the Shenzhen-based Pacco Communication Group.

    March23,2021


  • Pinduoduo founder Huang Zheng resigns as board chairman

    Huang Zheng, the founder of Pinduoduo, has stepped down from the board of directors effective on Wednesday and was succeeded as chairman by Chen Lei, who will also continue to serve as chief executive officer, the Hangzhou-based e-commerce platform said in a statement.

    March18,2021


  • Popular Chinese App runners rush to roll out their own payment services

    China's third payment market have seen runners of many popular applications (apps) with enormous user flows rush to enter the sector since the beginning of 2021.

    February03,2021


  • Chinese e-commerce firm Pinduoduo included in Nasdaq-100 index

    Chinese e-commerce platform Pinduoduo Inc. (Nasdaq: PDD) was officially included as a component of the Nasdaq-100 index (NDX) on Tuesday.

    August26,2020


  • E-commerce firm Pinduoduo sees 67 pct revenue growth in Q2

    Chinese e-commerce platform Pinduoduo Inc. posted 67-percent year-on-year revenue growth in the second quarter (Q2) of 2020, with a soaring number of active buyers during the period.

    August24,2020


  • Pinduoduo reports narrower losses in 2019

    China's fast-growing online group discounter Pinduoduo reported a net loss attributable to ordinary shareholders of 6.968 billion yuan in 2019, compared to 10.298 billion yuan in the previous year, China Securities Journal reported on Sunday.

    April27,2020


  • Pinduoduo plans 50 bln yuan on rural e-shops

    China's fast-growing online group discounter Pinduoduo on Tuesday announced its plan of investing no less than 50 billion yuan (about 7 billion U.S. dollars) in the next five years to promote e-commerce in rural areas of the country.

    April22,2020


  • Pinduoduo invests 200 mln USD in home appliance retailer Gome through convertible bond issue

    China's fast-growing online group discounter Pinduoduo announced Sunday that it would subscribe for 200 million U.S. dollars worth of 3-year convertible bonds issued by Chinese home appliance retailer Gome Retail.

    April20,2020


  • Pinduoduo to raise 875 mln USD for business expansion

    Chinese e-commerce giant Pinduoduo plans to raise 875 million U.S. dollars through a convertible senior note offering to fund its business expansion.

    September26,2019


  • Third-tier cities make up main buyers in e-commerce platform Pinduoduo

    About 68 percent of orders for physical goods in China's social e-commerce platform Pinduoduo are contributed by buyers from the third-tier cities and below, statistics of Pinduoduo showed.

    June19,2019


  • E-commerce upstart Pinduoduo reports robust Q1 revenue growth

    China's social e-commerce giant Pinduoduo reported soaring revenue growth in the first quarter of this year thanks to an expanding user base.

    May21,2019


  • Pinduoduo reports strong financial performance in Q3 2018

    Chinese online group discounter Pinduoduo Inc. (PDD.US) Tuesday announced that its revenue skyrocketed 679 percent year-on-year to 3.37 billion yuan in the third quarter ended September 30, up 24 percent from that in the second quarter.

    November22,2018


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