PDD Holdings, the multinational commerce group that operates the Pinduoduo and Temu platforms, said that it’s unlikely to sustain current profitability with planned increases in technology investments amid intense industry competition.
US online marketplace Temu is receiving effusive praise from consumers who found shopping on the e-commerce platform fun and uplifting.
US e-commerce platform Temu is set to benefit from the latest initiative by sister company PDD to help manufacturers expand internationally and create global brands.
Following the low-key launch of its cross-border e-commerce platform Temu, Pinduoduo, a Nasdaq-listed Chinese e-commerce company, has further unveiled its overseas exploration plan.
Temu, the newest entrant to the US e-commerce industry under Nasdaq-listed PDD, is securing the best deals for customers by leveraging the extensive network of merchants, manufacturers, and logistics partners built up by its sister company.
A new e-commerce website and mobile app that bears the same registered address as Pinduoduo went live on September 1, weeks after speculation that the Chinese agriculture-focused technology company will launch a cross-border service.
Villagers in Hengshan Village in Guangxi, China, have seen their average annual incomes surge by 30 times in recent years, thanks to e-commerce platforms like Pinduoduo.
Pinduoduo, a Chinese agricultural-focused technology platform, is preparing a cross-border e-commerce app, expected to be released initially for the US market in mid-September.
Both man and beast are largely absent in Pinduoduo’s Smart Agriculture Competition, where teams of data and plant scientists handle the growing remotely through smart greenhouses located hundreds of miles away.
Smart agriculture will play an increasingly important role in promoting the industry's sustainability, according to statements by leading experts during a webinar organized by the UN's FAO and Chinese firm Pinduoduo.
E-commerce platforms like Pinduoduo, which offered the 88-yuan bouquet, are able to connect flower farmers directly to consumers, removing the middlemen that add layers of costs as the flowers make their way from farms to florists.
Since April 2021, Pinduoduo has worked with local governments and prominent writers to organize readings and donate books to rural schools in provinces including Sichuan, Guizhou, Shanxi, Yunnan and Gansu.
Running to the door to pick up the parcels three times in a row, the Chongqing-based high school English teacher from Canada could not stop praising the ultimate couch potato experience offered by China’s leading interactive e-commerce platform Pinduoduo.
According to PDD, total sales volume has surged 81% year-on-year. For Generation-Z and millennial users, fitness kits, pet wear, and books came to the top on the holiday best-selling list.
PDD jumped onto the bandwagon and partnered with Chinese integrated agricultural service giant Stanley Agriculture at the beginning of 2021.
Pinduoduo launched its ‘Xixi Festival’ event in celebration of this year’s Qixi Festival, also known as Chinese Valentine’s Day.
Tesla and Pinduoduo are clashing over group buying promotions for heavily discounted Model 3 vehicles.
E-commerce has come a long way from the old catalogs with a fax number to the one-click, same-day delivery to which consumers in some markets have become accustomed.
Pinduoduo has entered a research collaboration with Singapore’s Innovations in IFCS at A*STAR, to develop a more cost-effective and robust method of testing fresh produce for pesticides.
Pinduoduo (PDD), a pioneer of interactive ecommerce in China, brought its signature team purchase and value-for-money approach to real estate