PDD Holdings Inc.
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PDD Holdings Inc. - overview
Established
2015
Location
Shanghai, -, China
Primary Industry
Internet
About
Based in Shanghai, China and founded in 2015, PDD Holdings Inc. , formerly known as Pinduoduo, Inc. , provides digital marketplace platforms for the e-commerce sector. The CEO is Mr.
Chen Lei. In 2018, the company listed on the NASDAQ under the ticker symbol PDD. In 2019, the company launched Duo Duo Live which is a live e-commerce and live streaming platform for merchants to sell and promote their products. In March 2023, the firm changed the corporate name to PDD Holdings to reflect business expansion beyond the original Pinduoduo application.
The company provides to users multinational e-commerce platforms and digital marketplaces. The product portfolio includes Pinduoduo, an application featuring a team purchase model and agricultural products, and Temu, a global online marketplace. The platforms connect consumers with manufacturers and offer merchants value-added services such as digital advertising, live streaming, and logistics network integration. The company generates revenue from B2B contracts for transaction services, online marketing services, and digital advertising provided to third-party merchants.
Current Investors
New Horizon Capital, Tencent Investment, Gaorong Ventures
Primary Industry
Internet
Sub Industries
eMarketing/Digital Marketing, Consumer Products, Social Networking & Communication Platform, Sales & Marketing Software
Website
www.pinduoduo.com/
Verticals
E-commerce, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
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