The Nasdaq Stock Exchange has officially included the social commerce platform Pinduoduo on the ‘Nasdaq 100 Index’, ranking at 26th. As well as being the youngest company currently on the index, it also possesses the shortest time from establishment to listing in the history of Nasdaq.
Based on current market capitalisation weights, Apple, Amazon, Microsoft, Google and Facebook are the top five in the Nasdaq 100.
Pinduoduo’s wholly interactive mobile Internet platform provides social e-commerce services which allows users to bulk buy products with friends. Pinduoduo has also been hugely successful due to its personalised recommendation model.
Find out how Pinduoduo has won over consumers in our case study.
Check out more news about Pinduoduo:
- Pinduoduo launches “10 billion subsidy festival”
- Pinduoduo founder Huang Zheng surpasses wealth of Jack Ma
- Fortune China 500 – who’s made it to the top?