TOPIC

/ company

Pinduoduo

PDD is an online retailer specialising in the budget-shopping segment. It has quickly become one of the biggest e-commerce businesses in China, with its Pinduoduo app pioneering the concept of social e-commerce, allowing consumers to reap steep discounts by buying in groups. It has expanded aggressively overseas in recent years, launching its Temu app in the US in 2022, and subsequently rolling it out in more than 40 countries.

Chairman / President

Chen Lei

CEO / Managing Director

Zhao Jiazhen

CFO / Finance Director

Liu Jun

Industry

E-commerce

Website

pinduoduo.com

Headquarters address

1188 Zhangheng Road, Zhangjiang Hi-Tech Park, Pudong New District, Shanghai, China

Stock Code

NASDAQ:PDD

Year founded

2015

Temu saw its share surge from less than 1 per cent to 24 per cent last year, on par with Amazon. Photo: Shutterstock Images

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The fraudsters pretended the victim’s Pinduoduo package had been damaged. Photo: Shutterstock

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At least three shops on e-commerce platform, Pinduoduo, were found selling counterfeit student cards. Photo: SCMP

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A Hong Kong teenager allegedly bought three suspected smoke grenades on mainland e-commerce platform Pinduoduo last month. Photo: AFP

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Workers are seen on a production line manufacturing clothing for Shein in Guangzhou, China’s Guangdong province. Photo: Reuters

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Tariff reprieve gives Shein, Temu time to restock US warehouses

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13 May 2025 - 9:53AM

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Temu, owned by PDD Holdings, is urging Chinese merchants to consider alternative overseas markets amid a US-China trade war. Photo: Shutterstock

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Temu has changed its US business model in response to President Donald Trump’s tariffs. Photo: AFP

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29 Apr 2025 - 11:08AM

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In nearly identical statements, Shein and Temu said prices would increase following US policy changes expected to impact how they operate.

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Pinduoduo

Chinese-owned Temu catches up with Amazon in global cross-border e-commerce

Shein, another Chinese-founded retail giant, stabilised its market share at 9 per cent in 2025, while AliExpress held 8 per cent.

ByteDance’s agentic AI smartphone dials up a digital backlash by China’s top apps

US funds tread carefully on China as Oaktree and Appaloosa adjust bets

Scammers use fake courier messages to steal Hong Kong bank details from victims

One victim lost HK$1 million after contacting fake customer service representative and providing credit card account details for refund.

.css-1m2rp1p{color:#34b8b5;}Opinion | How China’s entrepreneurs are blazing a trail of economic transformation

Founders of the likes of ByteDance, Tencent, Xiaomi, Pinduoduo, NetEase and BYD are driving a Darwinian dynamism at home – and abroad.

Immediate gratification: instant commerce transforms China’s retail market

Instant commerce has developed over a short period of time, as providers expanded their on-demand delivery coverage beyond food.

Custom counterfeit student cards for universities in Hong Kong sold online

Legal experts warn both sellers and buyers may be breaking the law, while check by the Post finds cards selling for 40 to 70 yuan each.

Smoke grenades, live animals delivered to Hong Kong? How sellers evade crackdown

Listings on mainland Chinese sites Taobao and Pinduoduo under increased scrutiny after arrest of Hong Kong teen who allegedly bought smoke grenades.

Alibaba unites online shopping, travel booking under new loyalty scheme

Members of the new membership programme will enjoy benefits across a range of Alibaba services, sources say.

Hong Kong customs in talks with e-commerce firms like Pinduoduo to control sales

In wide-ranging interview, customs chief Chan Tsz-tat says protecting consumer and intellectual property rights is among his main priorities.

Alibaba’s Taobao sees 60% user surge in Thailand after local launch

Taobao’s intensified focus on Thailand marks its latest effort to grow its presence across Asia.

Raw foods on mainland Chinese sites still delivered to Hong Kong despite warnings

Consumer councils in Hong Kong, Macau and Guangdong issued warning to help shoppers understand regulations for cross-border e-commerce.

France fines Shein US$47 million for ‘deceptive’ pricing amid EU scrutiny

Shein did not offer discounts based on the lowest price in the previous 30 days, and sometimes raised prices before applying a reduction.

TikTok Shop launches in Japan as app faces uncertainty in US

The popular short-video app is seeking to diversify its global footprint while reducing its reliance on the US market.

The ‘family warehouses’ powering Shein and Temu’s rapid UK expansion

Chinese immigrants in Britain are converting their homes into makeshift warehouses for goods ordered via China’s booming shopping apps.

China subsidies give Alibaba, JD.com sales lift during 618 shopping festival

The Chinese e-commerce giants again withheld total gross merchandise value figures, continuing a trend in recent years amid a maturing market.

Temu resumes direct sales to US after Washington-Beijing trade truce

Some items that had been removed from Temu’s US marketplace last month have been made available for sale in recent days.

TikTok’s sister app Douyin courts merchants with lower deposit fees

The zero-deposit policy expands a pilot programme that started in February, initially covering stores that sold certain types of goods.

PDD faces profit challenge amid Trump tariffs, domestic e-commerce competition

‘Macroeconomic uncertainties and significant investments in the ecosystem’ are expected to continue affecting PDD’s earnings outlook, UBS analysts say.

Temu-owner PDD Holdings misses quarterly revenue estimates

A prolonged property crisis in the world’s second-largest economy has cast a shadow over consumer spending.

China looks to rein in e-commerce platform commissions, support small businesses

New draft rules from China’s top market regulator would limit commission fees charged by e-commerce platforms, with a focus on supporting small businesses.

Will Japan follow Trump’s lead and tax imports from China’s Shein, Temu?

The US president’s move to revoke the tax exemption for small parcels from China has spurred other governments to do likewise.

China moves to protect small traders from US trade war

Beijing urges major tech platforms to do more to support self-employed vendors, who are facing ‘pressure and challenges’ due to US tariffs.

Tariff reprieve gives Shein, Temu time to restock US warehouses

A 90-day cut in tariffs to 30 per cent from 145 per cent will help Shein and Temu restock their US warehouses at lower cost, experts say.

Temu points Chinese sellers to new markets amid US tariff woes

US tariffs are prompting Chinese merchants to seek alternative markets, but some sellers remain hopeful that the worst is soon behind them.

Temu embraces local US sellers as Trump plugs ‘de minimis’ loophole

The shopping site is shifting its US business to a ‘local fulfilment model’, as tariff exemptions for low-value Chinese goods come to an end.

Temu adds tariff charges for US shoppers, as Shein also raises prices

Shipped-from-China items on Temu’s bestsellers list come with taxes exceeding the value of the product.

Shein, Temu to increase US prices next week, reflecting new tariffs

In nearly identical statements, Shein and Temu said prices would increase following US policy changes expected to impact how they operate.

Opinion | How China’s entrepreneurs are blazing a trail of economic transformation