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- Pinduoduo has seen explosive growth since its launch in 2015, becoming one of the largest ecommerce apps in China. The shop-with-friends app combines a group-buying strategy with cheap products and social media. It is now the fastest growing ecommerce platform with 13.85 percent YoY growth.
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Mar 13, 2024 · Pinduoduo’s name in Chinese literally translates into “join together more more”, and a large part of its success can be attributed to this approach: encouraging shoppers to band together to secure discounts as a group.
Dec 4, 2019 · The name Pinduoduo means “Together, More Savings, More Fun.” It’s a great summation of the company’s core group-buying value proposition, which has been described as “Groupon on Steroids.”...
- Elad Natanson
Jul 18, 2018 · It is now the fastest growing ecommerce platform with 13.85 percent YoY growth. The usage rate of the platform among Chinese internet users has grown from under 2 percent to 19.4 percent over the...
Mar 20, 2021 · Five-year-old company is first challenger to loosen Alibaba and JD.com’s stranglehold over online consumption in the country. Pinduoduo had 788.4 million users at the end of 2020, the company ...
Ecommerce apps are hugely popular in China but the market has never seen one grow at this rate before. Pinduoduo has successfully managed to engage this audience who generally find their needs aren’t being catered to online because they find eCommerce platforms such as Tmall too expensive.
Jul 26, 2018 · Chinese social e-commerce platform Pinduoduo just proved this. The Shanghai-based company just went public raising $1.6 billion through a U.S. IPO this week, which stands out as one of the...
May 22, 2020 · Pinduoduo (拼多多), whose name loosely translates to “join together more more”, is a group buying app where shoppers can secure deals by purchasing items in groups – the more friends they can secure, the better the discount for everyone, and the faster Pinduoduo grows.
