Exchange in Duoduo Farm.
Pinduoduo is a third-party social e-commerce platform focusing on C2M group shopping. It is affiliated to Shanghai Xunmeng Information Technology Co., Ltd. and was officially launched in September 2015.
Pinduoduo takes original social group-building as its core model, focusing on tens of billions of subsidies, agricultural product promotion, and good products from origin, etc. It was officially listed on the NASDAQ stock exchange in the United States in July 2018. .
Pinduoduo Encyclopedia:
Founded in September 2015, Pinduoduo is a third-party social e-commerce platform focusing on C2B group buying. By initiating group buys with friends, family, neighbors, etc., users can buy high-quality goods in group buys at lower prices. Among them, the social concept formed through communication and sharing has formed Pinduoduo’s unique new social e-commerce thinking.
On July 25, 2018, on the eve of the Nasdaq listing, a Beijing diaper company "Dad's Choice" filed a lawsuit in the Federal Court of the Southern District of New York on the grounds of trademark infringement. On July 26, Pinduoduo officially landed in the U.S. capital market with an issue price of US$19 and a market value of US$24 billion.
On August 31, Pinduoduo (PDD) announced its first financial report since its listing. 2Q revenue increased by 2489 year-on-year. In October, Pinduoduo issued a merchant announcement on the access conditions for selling audio and video membership products. Adjustments were made.
After the adjustment, merchants who publish membership products for major film and television platforms under Pinduoduo’s secondary category “Music, Film and Television” will need to provide corresponding authorization letters to prove that the video platform membership business operator has indeed authorized the merchant. Sell ??its membership products on Pinduoduo. Authorization letters include but are not limited to sales authorization letters, sales agency agreements, etc.
On June 8, 2020, Pinduoduo announced a strategic cooperation with Guangzhou Baiyun District and launched the "Beauty Premium Store". Brands under the district's jurisdiction such as Adolf, Water Code, Kazilan, and Hanhou are all available. Plan to enter the premium store. On June 22, Pinduoduo signed a strategic framework agreement with the Nanchang Municipal People's Government, and jointly launched a series of activities such as the "Nanchang Excellent Products" e-commerce live consumption festival and the "Nanchang Excellent Products Hall" online large-scale exhibition and sales.