{"id":5547,"date":"2020-03-27T15:37:00","date_gmt":"2020-03-27T14:37:00","guid":{"rendered":"https://cross-border-magazine.com/es/?p=5547"},"modified":"2022-05-30T14:06:48","modified_gmt":"2022-05-30T12:06:48","slug":"pinduoduo-113-growth-in-2019","status":"publish","type":"post","link":"https://cross-border-magazine.com/es/pinduoduo-113-growth-in-2019/","title":{"rendered":"Pinduoduo: 113% growth in 2019"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"alignleft size-large is-resized\"><img decoding=\"async\" src=\"https://cross-border-magazine.com/wp-content/uploads/2018/09/China-1024x535.png\" alt=\"\" class=\"wp-image-2926\" width=\"300\" srcset=\"https://cross-border-magazine.com/wp-content/uploads/2018/09/China-1024x535.png 1024w, https://cross-border-magazine.com/wp-content/uploads/2018/09/China-300x157.png 300w, https://cross-border-magazine.com/wp-content/uploads/2018/09/China-768x401.png 768w, https://cross-border-magazine.com/wp-content/uploads/2018/09/China.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" /></figure></div>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Chinese e-commerce player Pinduoduo <a href=\"http://investor.pinduoduo.com/news-release-details/pinduoduo-announces-fourth-quarter-and-fiscal-year-2019-unaudited\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"announced (opens in a new tab)\">announced</a> their financial results for 2019. The fast-growing technology platform is one of the leading <a href=\"https://cross-border-magazine.com/es/?s=china\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Chinese (opens in a new tab)\">Chinese</a> e-commerce players. The company's turnover in 2019 grew 113% compared to 2018.</strong></p>\n\n\n\n<h6 class=\"wp-block-heading\"><strong>2019 results</strong></h6>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https://cross-border-magazine.com/es/?s=pinduoduo\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Pinduoduo (opens in a new tab)\">Pinduoduo</a> noted a total turnover of RMB1,006.6 billion ($144.6 billion), compared to RMB471.6 billion in 2018. The large increase of users explains this growth for a large part. In 2019, the e-commerce platform welcomed 585.2 million visitors on its site. This is an increase of 40% compared to 2018 (418.5 million visitors). On average, a visitor of Pinduoduo spends RMB1,720.1 ($247.1) in 2019. This is more than twice as much as in the previous year (RMB1,126.9 +53%).  </p>\n\n\n\n<h6 class=\"wp-block-heading\"><strong>Supporting 585 million users</strong></h6>\n\n\n\n<p class=\"wp-block-paragraph\">Chairman and CEO, Mr Zheng Huang comments: \"2019 was an important, formative year for Pinduoduo, a year in which we built up our capabilities and offerings.\" The chairman further says it will continue to invest in its 585 million users. The company stays committed to creating an open platform that benefits all and services the best interests of consumers.</p>\n\n\n\n<h6 class=\"wp-block-heading\"><strong>COVID-19</strong></h6>\n\n\n\n<p class=\"wp-block-paragraph\">Like all other businesses, Pinduoduo experiences the consequences of the COVID-19 outbreak in the world. To help merchants, the platform directed resources in its ecosystem to support frontline relief efforts, stabilise prices of necessities and help with the recovery of merchants and business partners, the company claims. </p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the current crisis, Pinduoduo expects to continue to grow in the upcoming years.</p>\n","protected":false},"excerpt":{"rendered":"<p>Chinese e-commerce player Pinduoduo announced their financial results for 2019. The fast-growing technology platform is one of the leading Chinese e-commerce players. The company's turnover in 2019 grew 113% compared...</p>\n","protected":false},"author":3,"featured_media":2926,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[61],"tags":[],"class_list":["post-5547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https://yoast.com/product/yoast-seo-wordpress/ -->\n<title>Pinduoduo: 113% growth in 2019 - Cross-Border Magazine</title>\n<meta name=\"description\" content=\"Chinese e-commerce player Pinduoduo announced their financial results for 2019. Growth of 113% compared to the previous year.\" />\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" />\n<link rel=\"canonical\" href=\"https://cross-border-magazine.com/es/pinduoduo-113-growth-in-2019/\" />\n<meta name=\"twitter:label1\" content=\"Written by\" />\n\t<meta name=\"twitter:data1\" content=\"Jeroen Leenders\" />\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" />\n\t<meta name=\"twitter:data2\" content=\"1 minute\" />\n<script type=\"application/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\/\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\/\\/cross-border-magazine.com\\/pinduoduo-113-growth-in-2019\\/#article\",\"isPartOf\":{\"@id\":\"https:\\/\\/cross-border-magazine.com\\/pinduoduo-113-growth-in-2019\\/\"},\"author\":{\"name\":\"Jeroen Leenders\",\"@id\":\"https:\\/\\/cross-border-magazine.com\\/#\\/schema\\/person\\/5e515a48347b49e7f7c75bf629c288cb\"},\"headline\":\"Pinduoduo: 113% growth in 2019\",\"datePublished\":\"2020-03-27T14:37:00+00:00\",\"dateModified\":\"2022-05-30T12:06:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\/\\/cross-border-magazine.com\\/pinduoduo-113-growth-in-2019\\/\"},\"wordCount\":222,\"publisher\":{\"@id\":\"https:\\/\\/cross-border-magazine.com\\/#organization\"},\"image\":{\"@id\":\"https:\\/\\/cross-border-magazine.com\\/pinduoduo-113-growth-in-2019\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\/\\/cross-border-magazine.com\\/wp-content\\/uploads\\/2018\\/09\\/China.png\",\"articleSection\":[\"Research &amp; Report\"],\"inLanguage\":\"es-ES\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\/\\/cross-border-magazine.com\\/pinduoduo-113-growth-in-2019\\/\",\"url\":\"https:\\/\\/cross-border-magazine.com\\/pinduoduo-113-growth-in-2019\\/\",\"name\":\"Pinduoduo: 113% growth in 2019 - Cross-Border Magazine\",\"isPartOf\":{\"@id\":\"https:\\/\\/cross-border-magazine.com\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\/\\/cross-border-magazine.com\\/pinduoduo-113-growth-in-2019\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\/\\/cross-border-magazine.com\\/pinduoduo-113-growth-in-2019\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\/\\/cross-border-magazine.com\\/wp-content\\/uploads\\/2018\\/09\\/China.png\",\"datePublished\":\"2020-03-27T14:37:00+00:00\",\"dateModified\":\"2022-05-30T12:06:48+00:00\",\"description\":\"Chinese e-commerce player Pinduoduo announced their financial results for 2019. 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