Pinduoduo is an e-commerce platform allowing users to participate in group buying deals.
Pinduoduo's platform provides buyers with value-for-money merchandise and a fun and interactive shopping experience.
Pinduoduo was founded in 2015 by Colin Huang Zheng. The company is headquartered in Shanghai, China, as Shanghai Dream Information Technology Co., Ltd.
The Pinduoduo mobile platform offers a comprehensive selection of attractively priced merchandise, featuring a dynamic social shopping experience that leverages social networks effectively.
Pinduoduo is backed by Tencent, Gaorong Capital, Sequoia Capital, Gaochun and others. The company raised $1.1B in a private share placement on Mar 31, 2020. This brings Pinduoduo's total funding to $3.8B to date. The company went public on Jul 26, 2018, with a IPO valuation of $24B Pinduoduo raised $1.6B at IPO.