Pinduoduo Partners with Mango TV to Host Double 12 Super Night Gala

On Dec. 11, Pinduoduo, China’s leading interactive e-commerce platform, partnered with Mango TV, Hunan’s provincial satellite TV, to present a live broadcast of the “Double 12 Super Night Gala.” Dec. 12, also known as Double 12, is a shopping holiday when shoppers can get unbelievable discounts online. This e-commerce shopping festival has been a real…Continue Reading

Pinduoduo to raise $6.1 billion in convertible note offering

(Image credit: Pinduoduo) Chinese e-commerce platform Pinduoduo is planning to raise up to $6.1 billion through a convertible notes offering and equity. Why it matters: Pinduoduo is looking to fundraise amid buoyed investor confidence on the company’s first-ever quarterly profit, reported in the quarter ended September. The fast-growing e-commerce platform plans to fund new business channels…Continue Reading

Pinduoduo Launches Mini Program to Crack Down on Fake Milk Formula

The latest anti-counterfeiting effort is a collaboration with both domestic and foreign infant formula manufacturers (Source: Pinduoduo) China’s second-largest online shopping platform Pinduoduo has launched a mini program on its app that will allow consumers to verify the authenticity of their baby formula products. The latest anti-counterfeiting effort is a collaboration with dozens of domestic…Continue Reading

Pinduoduo Reports First Profit, And Nearly 50 Million Quarterly Net Add to 731 Million Buyers

Chinese e-commerce platform Pinduoduo Inc. saw increases in revenues and active users in its unaudited financial results for the third quarter ending Sept. 30, 2020. Active buyers in the twelve-month period ending Sept. 30 were 731.3 million, an increase of 36% from 536.3 million in the twelve-month period ending Sept. 30, 2019. It is the…Continue Reading

Pinduoduo signs MoU with Denmark, Aiming to Bring More Danish Products to Chinese Consumers

E-commerce giant Pinduoduo and Royal Danish Consulate General have reached a cooperation in Shanghai Chinese interactive e-commerce platform Pinduoduo Inc. signed a memorandum of understanding with the Royal Danish Consulate General in Shanghai on Thursday. Through this partnership, Pinduoduo hopes to introduce more high-quality Danish products to Chinese consumers, said Andre Zhu, senior vice president…Continue Reading

Pinduoduo Partners with Widely Watched TV Station to offer Double 11 Super Night Gala

Double 11 Super Night Gala will be co-hosted by Pinduoduo and Hunan TV on the evening of Nov. 10 (Source: Pinduoduo) Pinduoduo, the second-largest e-commerce platform in China, announced that it will cooperate with a provincial satellite TV station to host the upcoming Double 11 Super Night Gala. Hunan TV, a widely-watched TV station famous…Continue Reading