China has evolved from e-commerce toward social commerce thanks to platforms that rewards consumers with volume discounts when they buy in groups. Learn how and why group buying might be the future of online shopping in the U.S. through this case study.
The Tencent-backed e-commerce startup Pinduoduo is working to supply small cities and rural areas in China with imported, and sometimes inexpensive, products. The company is encouraging importers to use its app-based marketplace to reach these buyers and is creating more direct-to-consumer connections for manufacturers.
Chinese e-commerce platform Pinduoduo has raised $1.63 billion through an initial public offering in the US, sources say, boosting the company's value to $23.8 billion from $15 billion after an April funding round. The IPO is the second-largest US one by a Chinese company this year.
Chinese e-commerce platform Pinduoduo has raised $1.63 billion through an initial public offering in the US, sources say, boosting the company's value to $23.8 billion from $15 billion after an April funding round. The IPO is the second-largest US one by a Chinese company this year.
Chinese e-commerce site Pinduoduo aims to raise as much as $1.63 billion through an initial public offering on Nasdaq, according to a filing with the Securities and Exchange Commission. The startup said two of its major shareholders, Tencent Holdings and Sequoia Capital, may each want to buy up to $250 million worth of its shares.
Alibaba and JD.com are the top two companies in China when it comes to e-commerce sales, owning 58% and 16.3% of the market share, respectively, according to eMarketer. Smaller players that target niche areas of the market such as social buying company Pinduoduo are seeing growth, eMarketer's Monica Peart said.
Alibaba and JD.com are the top two companies in China when it comes to e-commerce sales, owning 58% and 16.3% of the market share, respectively, according to eMarketer. Smaller players that target niche areas of the market such as social buying company Pinduoduo are seeing growth, eMarketer's Monica Peart said.
A private funding round brought in more than $1 billion for Chinese e-commerce site Pinduoduo, sources say. The transaction reportedly gives the startup a roughly $15 billion valuation, about 10 times more than a year ago.
