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 to 2018. 2019 results Pinduoduo noted a total turnover of RMB1,006.6 billion ($144.6 billion), compared to RMB471.6 billion in 2018. The large increase of
Amazon opens pop-up store on China’s Pinduoduo until the end of 2019
Amazon.com on Monday said it will open a pop-up store on Chinese e-commerce platform Pinduoduo. This store will run until the end of December and carry a selection of about 1,000 products from overseas. The move, initially reported by Reuters on Sunday, points to how Amazon's China-strategy is evolving. Earlier this year, it already decided to stop operating a marketplace