Pinduoduo

A total of 3,600 cars have been sold on Pinduoduo between May 1 and May 20 of 2020.

Pinduoduo benefitted from people’s reliance on e-commerce during the pandemic, while livestreaming holds promise for the future.

Active user number retained high growth speed for the third consecutive quarter despite the COVID-19.

Chinese e-commerce stocks soar following Chinese Labor Day sales campaigns.

The company has served nearly 100,000 corporate clients including Pinduoduo, Dangdang, and ZiRoom.

The social giant is not only an investor of Pinduoduo, it is developing its own version of the popular social commerce platform.

E-commerce livestreaming is a major rising trend in China and various stakeholders are eager to capitalize on its influence.

The Cadillac XT5 model starts at over USD 46,000, but Pinduoduo promises discounts of USD 14,000.