Pinduoduo founder Colin Huang becomes China's top donor
Huang previously joined the Pinduoduo founding team in donating 2.37% of his shares to establish the Prosperity Charity Foundation to promote social responsibility and scientific research.
Pinduoduo Q4 revenue sharply exceeds expectations, founder Colin Huang resigns as chairman
Pinduoduo's shares expanded more than 6 percent in pre-market trading after the earnings report. But the shares quickly plummeted after Huang announced his resignation as chairman, turning down 3.6 percent.
For first time, Pingduoduo briefly surpasses Taobao app in terms of daily active users
Pingduoduo's short-lived victory may be directly related to its series of promotions.
After Douyin, Pinduoduo is not far from launching payment service
After the launch of "Douyin Pay" by Douyin, the Chinese version of TikTok, another Chinese tech giant, Pinduoduo, may be close to launching its payment service.
Pinduoduo announces $500 million private placement, shares down 3% pre-market
The transaction was priced with reference to the volume-weighted average price of the last five trading days, the company said.
Rolls-Royce responds to Pinduoduo merchant's subsidy of RMB 1.22 million to sell its cars
Rolls-Royce said it had noticed the news and that the act was the personal behavior of Pinduoduo platform and the merchant, not related to the Rolls-Royce car brand.
Pinduoduo merchant sells Rolls-Royce with a discount of RMB 1.22 million
So far, more than 100,000 users have expressed their "desire to buy" the car.
These are the Apps most used by Chinese users
WeChat, Taobao, QQ, Alipay, Douyin, Pinduoduo, Baidu, Weibo, QQ Browser and Kuaishou were the top 10 most-used apps in China in October, according to data released Friday by research firm Trustdata.
Pinduoduo posts first profit in Q3, shares surge 16% pre-market
China's emerging e-commerce platform Pinduoduo posted revenue of around RMB 14.21 billion in the third quarter, up 89 percent year-on-year. Driven by strong revenue, Pinduoduo achieved its first quarterly profit since its IPO, according to the company's earnings report released on November 12.
Pinduoduo plans to help 10 cosmetic brands exceed RMB 1 billion in annual sales in next two years
China's emerging e-commerce platform Pinduoduo will be rooted in China's cosmetic industry in the next two years, cultivating 50 new cosmetic brands with annual sales of more than RMB 100 million, of which 10 with annual sales of more than RMB 1 billion, said Chen Qiu, vice president of Pinduoduo.