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It provides an online marketplace for agricultural products. The company also provides Pinduoduo, a mobile platform, which offers a range of priced merchandise. PDD offers a wide range of food and non-food products where the buyer can share information about the products on social networks and invite friends, social contacts and families to purchase the products together. It also provides smart farming, a logistic information platform, consumer insights, a supply chain and other services. The company provides its services to farmers, retailers, consumers, growers and others.

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Pinduoduo Inc. Pinduoduo generated RMB 2. Pinduoduo was founded in by Chinese businessman and software engineer Colin Huang. On 7 June , Legal Evening News reported that Pinduoduo investigated and shut down stores and removed listings that violated its platform policy against pornography and violence, following an earlier report by the newspaper. On 20 January , Pinduoduo reported to the police theft by hackers that exploited a loophole in his system and stole tens of millions of Yuan worth of vouchers. During the initial COVID lockdown in China in , Pinduoduo started a program to assist rural Chinese farmers with selling their produce to customers online instead of relying on traditional in-person marketplaces. On 5 July , a Shanghai court dismissed a local resident's lawsuit accusing Pinduoduo of cheating in a promotional event. In September , Pinduoduo's sister's company, Temu , was launched in the U. In , Pinduoduo came under scrutiny following a spate of negative press calling the company out for inferior and imitation of products. In , Google removed Pinduoduo's app from the Play Store due to security concerns after it was found to contain malware. A majority of the team was transferred to Temu, working in various departments. Contents move to sidebar hide. Article Talk.

Retrieved 21 August Fresh Research reports and Daily Fintech briefings. Pdd holdings our equities screener to discover other potential opportunities.

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Launched first in the US in September , Temu has expanded, marking its presence in 49 countries including Australia, various European nations, the Latin American market, and South Africa by January The platform implemented two-factor authentication in December to secure its users' accounts and has extensive advertising efforts, running Super Bowl ads in February that led to a surge in traffic and brand searches. Temu has experienced legal disputes, especially with its rival, Shein. The companies have been embroiled in lawsuits concerning false advertising, copyright infringement, and anti-competitive practices, culminating in mutual lawsuits that were later requested to be dismissed by both parties in October , without public disclosure of the reasons or outcomes. Temu has faced accusations of illegal interference with suppliers in its ongoing battle with Shein. Temu's business model disrupts traditional e-commerce by allowing China-based vendors to sell directly to international customers, ostensibly reducing costs. However, it mandates that sellers offer the lowest prices and meet minimum sales requirements, leading to popularity but also attracting criticism for encouraging low-quality products and engaging in price wars.

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Retrieved PDD offers a wide range of food and non-food products where the buyer can share information about the products on social networks and invite friends, social contacts and families to purchase the products together. Sohu in Simplified Chinese. Download as PDF Printable version. Chief Executive Officer; Chairman. Qupital secures Series B2 funding to fuel market expansion and product innovation Jan 25 A majority of the team was transferred to Temu, working in various departments. Book a demo. On 20 January , Pinduoduo reported to the police theft by hackers that exploited a loophole in his system and stole tens of millions of Yuan worth of vouchers. It also provides smart farming, a logistic information platform, consumer insights, a supply chain and other services. Traded as. Archived from the original on 23 July Show more Markets link Markets.

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Archived from the original on 23 July Lei Chen [1]. E-commerce Agriculture. Show more Companies link Companies. Open Colin Huang Zheng. Pinduoduo Inc. Book a demo. Archived from the original on 29 November Archived from the original on In , Google removed Pinduoduo's app from the Play Store due to security concerns after it was found to contain malware.