Pinduoduo hits 824m customers following success of grocery business

Pinduoduo, China’s largest agriculture-focused technology platform, has reported a year-on-year revenue increase of 239%. Pinduoduo’s financial report revealed that the platform brought in 22.17 billion RMB ($3.47 billion) in Q1, far exceeding market expectations of 20.2 billion RMB.  The platform’s consumer base has been increasing rapidly over the last year and reached 823.8 million annual … Continue reading Pinduoduo hits 824m customers following success of grocery business