Pinduoduo had more active buyers than than Alibaba and JD.com in 2020, the company announced on Wednesday. Photo: AFP
Pinduoduo had more active buyers than than Alibaba and JD.com in 2020, the company announced on Wednesday. Photo: AFP
Pinduoduo

Pinduoduo surpasses Alibaba, JD.com in user numbers, as founder Colin Huang steps down as chairman in surprise move

  • Pinduoduo pulled in US$4.1 billion in the fourth quarter, blowing past estimates, and became China’s largest e-commerce platform by number of users in 2020
  • Company founder Colin Huang stepped down from the board of directors to focus on research in food and life sciences

Pinduoduo had more active buyers than than Alibaba and JD.com in 2020, the company announced on Wednesday. Photo: AFP
Pinduoduo had more active buyers than than Alibaba and JD.com in 2020, the company announced on Wednesday. Photo: AFP
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