TOPIC

/ company

Pinduoduo

PDD is an online retailer specialising in the budget-shopping segment. It has quickly become one of the biggest e-commerce businesses in China, with its Pinduoduo app pioneering the concept of social e-commerce, allowing consumers to reap steep discounts by buying in groups. It has expanded aggressively overseas in recent years, launching its Temu app in the US in 2022, and subsequently rolling it out in more than 40 countries.

Chairman / President

Chen Lei

CEO / Managing Director

Zhao Jiazhen

CFO / Finance Director

Liu Jun

Industry

E-commerce

Website

pinduoduo.com

Headquarters address

1188 Zhangheng Road, Zhangjiang Hi-Tech Park, Pudong New District, Shanghai, China

Stock Code

NASDAQ:PDD

Year founded

2015

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Pinduoduo

Tennis star Zheng Qinwen donates 1 million yuan to victims of Nepal disaster

Olympic gold medallist says money to be directed to ‘emergency relief, transitional resettlement and post-disaster reconstruction’.

Happy buyers, sad sellers: Malaysia’s trade dilemma as cheap goods pour in

Temu owner PDD embraces China’s ‘city of the future’ after regulatory debacle

Will China’s new tech bases in Hebei and Tianjin revive local housing demand?

The new headquarters may boost rentals, but local home sales growth is likely to be far milder than surges in previous years, analysts say.

Green group urges Hong Kong to cut excessive e-commerce packaging waste

The Green Earth urges Hong Kong to align with mainland Chinese packaging limits after study estimates city generated 2.7 million kg of waste.

China proposes ban on ‘irrational’ food-delivery subsidies to end price wars

Regulators target predatory pricing and merchant coercion, with new rules requiring that tech giants disclose subsidy data and not disrupt the market.

Alibaba and JD.com targeted in smear campaign ahead of shopping festival

Police in Sichuan say they dismantled the months-long operation ahead of the finale of the online retail ‘618’ festival.

China summons executives of Walmart-owned Sam’s Club over ‘food-safety issues’

Members-only supermarket chain urged to ‘strictly fulfil’ its corporate responsibilities.

As 618 shopping frenzy grows, Beijing warns e-commerce giants over price tactics

Officials summoned Alibaba, JD.com, Pinduoduo, Douyin and RedNote over marketing practices, underscoring official concern about subsidy wars.

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The fines follow a period of intense competition that drove down prices and stalled profit-making at China’s food delivery platforms.

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Results reflect a pivotal year for PDD Holdings, as breakneck growth gives way to more stable pace.

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JD.com says the subsidies will make the ‘Billion-Yuan Supermarket’ its largest subsidised product category, surpassing electronics.

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Some vendors at Mong Kok Flower Market say sales up 20 per cent as shoppers pack area.

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Sociologists suggest that many Chinese women view role-playing games as a safe, low-risk opportunity to ‘rehearse romance’.

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Operator of leading online retail platform was cited for failure to comply with Shanghai’s tax requirements.

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Shein, another Chinese-founded retail giant, stabilised its market share at 9 per cent in 2025, while AliExpress held 8 per cent.

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Scammers use fake courier messages to steal Hong Kong bank details from victims

One victim lost HK$1 million after contacting fake customer service representative and providing credit card account details for refund.

.css-1pcrwvc{color:#2aa191;}Opinion | How China’s entrepreneurs are blazing a trail of economic transformation

Founders of the likes of ByteDance, Tencent, Xiaomi, Pinduoduo, NetEase and BYD are driving a Darwinian dynamism at home – and abroad.

Immediate gratification: instant commerce transforms China’s retail market

Instant commerce has developed over a short period of time, as providers expanded their on-demand delivery coverage beyond food.

Custom counterfeit student cards for universities in Hong Kong sold online

Legal experts warn both sellers and buyers may be breaking the law, while check by the Post finds cards selling for 40 to 70 yuan each.

Smoke grenades, live animals delivered to Hong Kong? How sellers evade crackdown

Listings on mainland Chinese sites Taobao and Pinduoduo under increased scrutiny after arrest of Hong Kong teen who allegedly bought smoke grenades.

Alibaba unites online shopping, travel booking under new loyalty scheme

Members of the new membership programme will enjoy benefits across a range of Alibaba services, sources say.

Hong Kong customs in talks with e-commerce firms like Pinduoduo to control sales

In wide-ranging interview, customs chief Chan Tsz-tat says protecting consumer and intellectual property rights is among his main priorities.

Opinion | How China’s entrepreneurs are blazing a trail of economic transformation