TOPIC

/ company

Pinduoduo

Alibaba Group Holding on October 1 started a free shipping promotion on certain orders for Taobao users in the city. Photo: Shutterstock

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

17 Oct 2024 - 6:00PM

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

14 Oct 2024 - 8:29PM

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’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

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

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

China’s e-commerce industry is grappling with the devastating impact of involution. Illustration: Brian Wang

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 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 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

An advertisement for the Singles’ Day shopping event from Alibaba’s Tmall e-commerce platform at a subway station in Shanghai on November 4, 2023. Photo: Bloomberg

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

A J&T delivery van is seen in Cairo, Egypt. Photo: Handout

Huawei’s Mate XT trifold handset sparks frenzy, leading scalpers to hike prices

Scalpers at electronics marketplace Huaqiangbei aim to resell the Mate XT’s base model for up to US$9,866, above Huawei’s US$2,800 price tag.

23 Sep 2024 - 12:20PM

Apple’s new iPhone 16 already selling at a discount in China

E-commerce platforms are offering price cuts of up to 11% on Apple’s latest smartphones, as Huawei steals the market buzz.

17 Sep 2024 - 6:00PM

Lazada leverages AI, logistics in competition with rivals like Temu

Lazada Thailand CEO Varitha Kiatpinyochai said free returns and chatbots are proving to be important differentiators amid rising e-commerce competition.

16 Sep 2024 - 10:47PM

Lazada Thailand CEO Varitha Kiatpinyochai (right) discusses e-commerce trends in Southeast Asia with South China Morning Post technology production editor Matt Haldane at the Hong Kong-Asean Summit 2024 on September 13. Photo: Eugene Lee

TikTok’s Chinese sibling emerges as fast-rising e-commerce player

The short-video platform saw gross merchandise value rise by 46 per cent in the year ended July 2024, an executive says.

11 Sep 2024 - 11:47AM

Alibaba merchants hail WeChat Pay adoption on Taobao and Tmall

Many hope that the move could lure more consumers from rival platforms that already accept a variety of payment methods.

6 Sep 2024 - 7:00AMvideocam

Alibaba sets up new ‘digital technology’ firm under Taobao and Tmall Group

The new outfit appears to reflect how TTG could pursue further business expansion or sharpen its focus on certain activities.

4 Sep 2024 - 9:00AM

Pinduoduo updates rules to kick out sellers of shoddy products

A PDD executive said in a recent post-earnings call that the company is willing to sacrifice short-term profits for long-term health.

3 Sep 2024 - 9:30PM

Pinduoduo is taking measures to weed out sellers of low-quality or fake products. Photo: SCMP

My Take | Beijing’s ‘anti-involution’ stance looks to tame e-commerce sector, price wars

Major online retail platforms are expected to make changes on algorithms, policies and charges that have fanned excessive competition.

3 Sep 2024 - 7:00AM

PDD returns some service fees to sellers after US$1.4 bln pledge

Sellers had been displeased that service fees were non-refundable even when customers cancelled an order.

1 Sep 2024 - 10:00AM

JD.com lures overseas Chinese shoppers with faster shipping

The e-commerce giant promises shipments to US, Japan and Singapore-based customers in as little as five days.

29 Aug 2024 - 7:30PM

Walmart sells JD.com stake for US$3.6 billion, ending relationship since 2016

The deal comes as a property crisis, market volatility and uncertain job prospects take a toll on consumption in mainland China.

21 Aug 2024 - 3:12PM

Walmart’s share sale would mark the end of its partnership with JD.com that started in 2016. Photo: Reuters

Shein gets green light for US$514-million supply chain hub project in Guangzhou

Local authorities have granted 25 construction approvals for the project’s initial phase, covering a development area of at least 800,000 square metres.

22 Aug 2024 - 1:53PM

TikTok, Amazon collaborate on online shopping amid rivalry with Shein, Temu

TikTok users will see Amazon product recommendations on the app’s ‘For You’ feed.

10 Aug 2024 - 4:55PM

Temu sellers struggle with disputes amid complex company structure outside China

Sellers on the app from China’s PDD Holdings are finding it difficult to resolve disputes over withheld earnings, which must be done outside the mainland.

2 Aug 2024 - 9:00PM

Discount shopping firm Temu’s supply chain faces scrutiny amid mainland protest

According to multiple merchants on Temu, the terms between the platform and its suppliers have put them at a disadvantage.

1 Aug 2024 - 9:07AM

Many of Temu’s merchants complain about the platform’s “opaque” system of slapping fines on sellers, while offering few channels for relief. Photo: Shutterstock

Chinese e-commerce firms Taobao, Douyin shift focus away from aggressive pricing

Douyin says it will be more ‘refined’ in pricing; Taobao changes controversial refund policy amid fierce price war that has hit earnings.

30 Jul 2024 - 11:07PMvideocam

Chinese suppliers storm Temu office in Guangzhou to protest ‘harsh’ policies

Hundreds of Chinese suppliers on Temu, the overseas shopping app run by PDD Holdings, staged a protest at the e-commerce giant’s office in Guangzhou over alleged unreasonable platform policies.

1 Aug 2024 - 1:58AM

Help preserve 120 years of quality journalism.

SUPPORT NOW

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