Pinduoduo
IPOTogether, More Savings, More Fun
Public · Shanghai, China · Founded 2015 · $4.2B raised
- Headquarters
- Shanghai
- Employees
- 5001–10000
- Founded
- 2015
- Business Model
- B2C
- Website
- pinduoduo.com
- Total Funding
- $4.2B
- Last Round
- $1.1B Private EquityMar 2020
- Rounds
- 4
- Type
- Public
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
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 $4.2B in total across 4 rounds, most recently a $1.1B Private Equity round in Mar 2020. Investors include Tencent and Banyan Ventures.
Tech & App Stack
11 technologies & apps tracked
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Funding & Exit History
Mar 2020
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Funding: Series A through Private Equity. Amounts, valuations, and investors where available.
Investors
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