Pinduoduo

IPO

Together, More Savings, More Fun

Public · Shanghai, China · Founded 2015 · $4.1B raised

Headquarters
Shanghai
Employees
5001–10000
Founded
2015
Business Model
B2C
Total Funding
$4.1B
Last Round
$1.1B Private EquityMar 2020
Rounds
2
Type
Public

About

Pinduoduo is China's largest agriculture-focused e-commerce platform, connecting agricultural producers directly with consumers through a social group-buying model. Founded in 2015, it grew rapidly by leveraging WeChat social sharing to offer discounted prices when users shop together. It is the flagship platform of PDD Holdings, which also operates the global marketplace Temu.

Summary

Pinduoduo is an E-Commerce company based in Shanghai, China, founded in 2015. It has raised $4.1B in total across 2 rounds, most recently a $1.1B Private Equity round in Mar 2020. Investors include Tencent.

Tech & App Stack

11 technologies & apps tracked

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Funding History

Private EquityPrivate Share PlacementMar 2020
$1.1B

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Investors

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