Official Name: Pinduoduo Inc.
Headquarters: Shanghai, China
CEO: Mr. Lei Chen
USD as of April 1, 2022
Pinduoduo Inc., through its subsidiaries, operates an e-commerce platform in the People's Republic of China. It operates Pinduoduo, a mobile platform that offers a range of products, including apparel, shoes, bags, mother and childcare products, food and beverage, fresh produce, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness items, and auto accessories. The company was formerly known as Walnut Street Group Holding Limited and changed its name to Pinduoduo Inc. in July 2018. Pinduoduo Inc. was incorporated in 2015 and is headquartered in Shanghai, the People's Republic of China.
Pinduoduo Inc. (Chinese: 拼多多; Pinyin: Pīn duōduō) is the largest agriculture-focused technology platform in China. It has created a platform that connects farmers and distributors with consumers directly through its interactive shopping experience. In 2019, nearly 12 million farmers supplied their fruits and vegetables to Pinduoduo users. It has pioneered several new trends including social commerce, and consumer-to-manufacturer (C2M)." As of December 31, 2020, Pinduoduo has generated RMB 1.67 trillion (USD $262 billion) gross merchandise value (GMV) in the last twelve months. The number of average monthly active users reached 724.6 million in the 1st quarter of 2021. For the 12 months ending on June 30, 2021, Pinduoduo's annual active buyers reached 849.9 million.
Source: Wikipedia, retrieved on March 31, 2022, 9:03 p.m.
Lei Chen (Chairman and CEO)
Revenue: US$14.742 Billion (Fiscal Year Ended December 31, 2021)
Operating income: US$1.082 Billion (Fiscal Year Ended December 31, 2021)
Net income: US$1.219 Billion (Fiscal Year Ended December 31, 2021)
Total assets: US$28.435 Billion (Fiscal Year Ended December 31, 2021)
Total equity: US$11.787 Billion (Fiscal Year Ended December 31, 2021)