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Pinduoduo

Alibaba

Jack Ma returns to Alibaba campus in sign of support

The billionaire founder’s visit was his first known trip to his hometown since March 2023.

1 hour ago

Alibaba

Alibaba bets on retailing chief Jiang Fan to bolster e-commerce momentum

22 Nov 2024 - 8:33PM

Amazon

Amazon invites Chinese sellers to new bargain marketplace Haul

22 Nov 2024 - 6:30PM

SCMP Highlights

Recap | China’s tech giants defy economic woes: 6 latest earnings reports

How have some of China’s biggest tech companies fared in their third-quarter earnings revelations? Find out in some of our latest stories.

22 Nov 2024 - 5:48PM

Xiaomi’s revenue was driven by a burgeoning electric vehicle business and global smartphone rebound. Photo: Reuters

E-commerce

Temu owner PDD sees 10% plunge in pre-market trading despite 44% revenue growth

PDD’s results, including a 66 per cent jump in net revenue, outperformed rivals, but it did not allay investor concerns amid e-commerce competition.

21 Nov 2024 - 10:39PM

E-commerce

China’s second-richest man blasts Pinduoduo for hurting domestic brands

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

21 Nov 2024 - 8:30PM

E-commerce

Southeast Asia is the new Singles’ Day battleground as lustre fades in China

Promotions from Chinese e-commerce platforms are infiltrating people’s lives across the region, where e-commerce is seeing explosive growth.

18 Nov 2024 - 12:13PM

A TikTok Shop Singles’ Day ad flashes across a large LED screen in on the streets of Bangkok. Photo: Wency Chen

E-commerce

Alibaba, JD.com claim big win in Singles’ Day sales as consumption picks up pace

The two e-commerce giants reported a large number of active buyers in this year’s edition of the world’s largest annual shopping festival.

13 Nov 2024 - 12:58AM

E-commerce

Alibaba sees Singles’ Day campaign pay off with strong sales in major categories

The top-performing product categories for Alibaba’s Singles’ Day campaign were home appliances, consumer electronics, beauty and apparel.

12 Nov 2024 - 1:37AM

Vietnam

Vietnam threatens to block Chinese retailers Shein and Temu over licences

Fast-fashion retailer Shein has been selling to Vietnam for at least two years. Temu began allowing users in the country to shop last month.

12 Nov 2024 - 10:39AMvideocam

The logos of Shein and Temu. Photo: Reuters

Alibaba

Alibaba gives sellers a sweeter deal as Singles’ Day switch-up bears fruit

China’s largest e-commerce firm was slipping in the war for consumers’ wallets. Then it reshaped its relationship with merchants.

9 Nov 2024 - 2:17PM

E-commerce

Southeast Asia’s e-commerce gold rush draws Chinese giants

The region’s e-commerce market is set to double by 2030, a new report finds.

7 Nov 2024 - 6:00PM

Alibaba

Alibaba’s Black Friday alternative hits US with AliExpress Singles’ Day sales

Alibaba’s international e-commerce platform is kicking off Singles’ Day sales in the US on Friday and runs through November 18.

4 Nov 2024 - 8:09PM

E-commerce

Temu’s debut in Vietnam faces scrutiny after Indonesian ban

The Chinese bargain shopping site is accused of operating in Vietnam without government approval, according to local reports.

31 Oct 2024 - 7:00PM

E-commerce

Shein’s profits said to plunge 70%, adding uncertainty to IPO

Slowing earnings growth is weighing on the company’s plan for a public market debut in London.

25 Oct 2024 - 7:30PM

Shein reportedly saw sales and profits growth slow significantly in the first six months of 2024. Photo: Reuters

E-commerce

Alibaba starts Singles’ Day direct sales, with strong demand for Apple products

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

22 Oct 2024 - 7:53PM

Singles' Day (11.11)

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.

22 Oct 2024 - 2:07AM

E-commerce

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

The rosy prediction comes on the back of a US$142-million promotion that waives delivery fees on certain orders for Taobao users in the city.

18 Oct 2024 - 8:30AM

Alibaba

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.

17 Oct 2024 - 6:00PM

Singles' Day (11.11)

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.

14 Oct 2024 - 8:29PM

E-commerce

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.

11 Oct 2024 - 9:00PM

Temu has been blocked from Apple’s App Store and Google Play in Indonesia. Photo: Shutterstock

Alibaba

Alibaba’s Lazada courts Armani, D&G to fend off Shopee, TikTok

The e-commerce platform is broadening its luxury segment to ramp up sales in key markets from Indonesia to Singapore.

11 Oct 2024 - 11:15AM

E-commerce

Temu sells US$4 remotes compatible with rival Amazon’s Fire TV Stick

The knock-off Fire TV remote controls are selling briskly, according to Temu’s site.

9 Oct 2024 - 11:35AM

E-commerce

From gold rush to fading dreams: the rise and fall of China’s e-commerce hub

As China’s economy struggles, a rat race in the e-commerce sector has taken a toll on merchants and manufacturers.

5 Oct 2024 - 12:17PM

Alibaba

Alibaba looks on course for a turnaround amid investor frenzy for Chinese stocks

The renewed positive market sentiment for Alibaba reflects its resilience after struggling in recent years.

27 Sep 2024 - 9:00PM

Alibaba

Alibaba waives delivery fees for Hong Kong’s Taobao users in US$142 million plan

Delivery charges on the city’s Taobao users will be waived for certain orders that cost more than US$14 during this fourth quarter.

27 Sep 2024 - 1:35PM

Alibaba

Alibaba prepares US$5.7 billion war chest for Singles’ Day merchants

Taobao and Tmall plan to give out 30 billion yuan in consumer vouchers and use 10 billion yuan worth of resources to boost traffic amid e-commerce competition.

26 Sep 2024 - 7:00AMvideocam

E-commerce

Courier J&T chases shoppers pining for made-in-China goods

After expanding from Southeast Asia to China, the logistics firm has set its sights on the Middle East and South America.

23 Sep 2024 - 6:30PM

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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