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Sep 5, 2023 · Pinduoduo has 5.1 million merchants selling their products on the platform with a gross merchandise value of more than ¥1 trillion, or $154 million (Pinduoduo). Pinduoduo's latest revenue report put them at ¥30.141 ($4.62 billion). The platform reported a 75% increase in annual spend per buyer to $219.20 per year.
Sep 17, 2024 · Find the latest statistics and facts on Pinduoduo Inc., a leading e-commerce provider in China. ... 70+ KPIs per store; ... Premium Statistic Countries with highest download share of Temu shopping ...
Mar 24, 2021 · Pinduoduo’s full-year revenues in 2020 were RMB 59.50 billion ($ 9.12 billion), representing an increase of 97% YoY. Annual spending per active buyer was RMB 2,115.2 ($ 324.2) in Q4 2020, an increase of 23% from RMB 1,720.1 in Q4 2019. Pinduoduo’s market value now stands at over $190 billion. 2.
per month, billed annually ... Countries with highest download share of Temu shopping app 2024; ... (August 15, 2020). Pinduoduo user distribution in China as of June 2020, by city tier [Graph].
Dec 27, 2022 · By 2020, Pinduoduo had already achieved an astounding 733 million monthly active users. This is a growth rate that makes Pinduoduo China’s fastest-developing e-commerce platform . Pinduoduo’s 35% of users come from first-tier cities and the rest is equally divided between second and third tiers.
Apr 15, 2021 · At the end of 2020, Pinduoduo overtook 20-year-old Alibaba to become the largest e-commerce player with 788 million annual active buyers. But the growth rate has shown signs of slowing. Since the second half of 2020, as Pinduoduo gradually cut subsidies to offer low price products to shoppers, the growth rate of users’ average spending on the site has slowed.
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Apr 26, 2020 · Pinduoduo finished 2019 with 585.2 million active shoppers on its platform, which represented a sharp rise from 418.5 million in 2018. It has a 7.3% share of the Chinese ecommerce market, behind ...