Pinduoduo
Parent PDD Holdings | | |
Website | www |
---|
Pinduoduo Inc. (
Pinduoduo generated
History
Pinduoduo was founded in 2015 by Chinese businessman and software engineer Colin Huang.[10]
On 7 June 2018, 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.[11]
On 20 January 2019, Pinduoduo reported to the police theft by hackers that exploited a loophole in their system and stole tens of millions of Yuan worth of vouchers.[12]
During the initial COVID-19 lockdown in China in 2020, Pinduoduo started a program to assist rural Chinese farmers with selling their produce to customers online instead of relying on traditional in-person marketplaces.[13] In August 2020, Pinduoduo launched Duo Duo Maicai, a service which enables consumers to preorder groceries for pickup at designated locations.[14]
On 5 July 2022, a Shanghai court dismissed a local resident's lawsuit accusing Pinduoduo of cheating in a promotional event.[15]
In September 2022, Pinduoduo's sister's company,
Counterfeit products
In 2018, Pinduoduo came under scrutiny following a spate of negative press calling the company out for inferior and
In April 2019, Pinduoduo was first named in the Office of the United States Trade Representative's list of Notorious Markets for Counterfeit Products and Piracy.[23][24][25] As of 2023[update], Pinduoduo remains listed as a notorious market.[26]
Malware concerns
In 2023, Google removed Pinduoduo's app from the
Six
Surveillance of former employees
In 2024, the Financial Times and The Wall Street Journal reported that Pinduoduo uses surveillance and non-compete lawsuits against former employees who leave to work for rivals.[31][32]
References
- ^ Bera, Ayanti (1 July 2020). "China's Pinduoduo appoints Lei Chen as chief executive officer". Reuters. Archived from the original on 1 July 2020. Retrieved 6 July 2020.
- ^ Kharpal, Arjun (22 April 2020). "Everything you need to know about Pinduoduo, the fast-growing rival to Alibaba and JD in China". CNBC. Archived from the original on 3 July 2020. Retrieved 1 July 2020.
- ^ "The incredible rise of Pinduoduo, China's newest force in e-commerce". TechCrunch. Archived from the original on 23 July 2020. Retrieved 1 July 2020.
- ^ Jingli, Song (15 December 2020). "Pinduoduo unveils payment service Duoduo Pay for its 731 million users". KrASIA. Archived from the original on 25 January 2021. Retrieved 13 January 2021.
- ^ Liao, Rita (17 March 2021). "Pinduoduo steals Alibaba's crown with 788M annual active users". TechCrunch. Archived from the original on 17 March 2021. Retrieved 17 March 2021.
- ^ "In 2021, Q4 pinduoduo's revenue was 27.23 billion yuan, with a year-on-year increase of 3% From Pinduoduo". Fresh Research reports and Daily Fintech briefings. Archived from the original on 27 August 2022. Retrieved 27 August 2022.
- ^ "Pinduoduo Announces First Quarter 2023 Unaudited Financial Results". PinDuoDuo. Archived from the original on 27 August 2022. Retrieved 27 August 2022.
- ^ "PDD Holdings names Jiazhen Zhao co-CEO". Reuters. 2023-04-04. Archived from the original on 2023-04-05. Retrieved 2023-04-05.
- ^ "The mysterious rise of the Chinese ecommerce giant behind Temu". Archived from the original on 2024-03-07. Retrieved 2024-03-07.
- ^ Liao, Rita. "Why Pinduoduo is putting all its profit into agriculture". TechCrunch. Archived from the original on 27 August 2022. Retrieved 27 August 2022.
- ^ "Why did Pinduoduo respond? Close the store involved and remove the illegal products from the shelves". Sohu (in Simplified Chinese). 2018-06-07. Archived from the original on 2018-06-12. Retrieved 2018-09-20.
- ^ "Hackers Take Coupons Worth Tens of Millions of Yuan on Pinduoduo". Bloomberg. Archived from the original on 2019-06-17. Retrieved 21 August 2020.
- ^ Mullin, Kyle (7 June 2021). "China's Quiet Ecommerce Giant Thrives on Fresh Produce". Wired. Archived from the original on 10 March 2023. Retrieved 4 March 2023.
- ^ Bala, Sumathi (17 November 2020). "China's Pinduoduo expects online grocery sales to double this year". CNBC. Archived from the original on 17 February 2021. Retrieved 13 January 2021.
- ^ Yuting, Zhu. "Pinduoduo escapes cheating verdict but told to pay compensation". SHINE. Archived from the original on 27 August 2022. Retrieved 27 August 2022.
- ^ Fan, Cafe (10 November 2022). "Will battle for US consumer wallets intensify with latest contender Temu?". TechNode. Archived from the original on 29 November 2022. Retrieved 29 November 2022.
- from the original on 2022-09-03. Retrieved 2022-09-04.
- ^ Liao, Rita (20 September 2022). "Amazon's latest challenger is China's online dollar store Pinduoduo". TechCrunch. Archived from the original on 22 September 2022. Retrieved 22 September 2022.
- ^ Maruf, Ramishah (2023-06-28). "Shein sent American influencers to China. Social media users are furious". CNN. Archived from the original on 2023-06-29. Retrieved 2023-06-29.
- ^ Goh, Brenda (1 August 2018). "China to probe e-commerce firm Pinduoduo over reports of fake goods". Reuters. Archived from the original on 6 July 2020. Retrieved 6 July 2020.
- ^ Soo, Zen (23 August 2018). "Pinduoduo removes millions of suspected fake listings after stock plunges". South China Morning Post. Archived from the original on 7 July 2020. Retrieved 6 July 2020.
- ^ Lee, Emma (6 February 2020). "E-commerce firms cracking down on sellers of fake protective masks". TechNode. Archived from the original on 7 July 2020. Retrieved 6 July 2020.
- United States Trade Representative. April 25, 2019. Archivedfrom the original on 2023-04-02. Retrieved 2023-09-08.
- ^ Singh, Kanishka (2022-02-18). "U.S. adds e-commerce sites operated by Tencent, Alibaba to 'notorious markets' list". Reuters. Archived from the original on 2022-02-19. Retrieved 2022-02-18.
- United States Trade Representative. Archivedfrom the original on 2022-02-19. Retrieved 2022-02-18.
- United States Trade Representative. January 31, 2023. Archivedfrom the original on 2023-09-04. Retrieved 2023-09-08.
- from the original on 2023-03-21. Retrieved 2023-06-25.
- ^ "Google Suspends Chinese E-Commerce App Pinduoduo Over Malware". Krebs on Security. 22 March 2023. Archived from the original on 2023-04-05. Retrieved 2023-04-05.
- ^ a b c Gan, Nectar; Xiong, Yong; Liu, Juliana (2023-04-02). "'I've never seen anything like this:' One of China's most popular apps has the ability to spy on its users, say experts". CNN. Archived from the original on 2023-04-05. Retrieved 2023-04-05.
- ^ Zheng, Sarah (27 March 2023). "Pinduoduo App Malware Detailed by Cybersecurity Researchers". Bloomberg News. Archived from the original on 2023-03-28. Retrieved 2023-09-28.
- ^ "Ex-workers at Temu owner PDD suffer surveillance and financial ruin over non-competes". Financial Times. March 11, 2024. Archived from the original on 2024-03-11. Retrieved 2024-03-11.
- ^ Lu, Shen; Huang, Raffaele (April 1, 2024). "Ex-Workers at Temu Parent Say Noncompete Penalties Crush Their Finances". The Wall Street Journal. Retrieved 2024-04-02.
External links
- Official website
- Business data for Pinduo Inc.: