Founded in April 2015, Pinduoduo is a homegrown internet company headquartered in Shanghai, China. Established in the mobile era, Pinduoduo started as an agricultural retail platform with an innovative “Pin” or “team purchase” model for agricultural produce. Over time, the company has become a marketplace encompassing all categories yet still retaining a distinct focus on agriculture. It is also the only mobile-only e-commerce platform of scale around the world.As a pioneer of new e-commerce, Pinduoduo is committed to creating sustainable value for consumers through innovative experiences melding “more savings” and “more fun”.
Pinduoduo went public in July 2018 on Nasdaq under the ticker “PDD”. As of March 31, 2022, Pinduoduo’s annual active buyers reached 881.9 million. Pinduoduo’s average monthly active users reached 751.3 million in the first quarter of 2022. The platform has more than 11.5 million merchants and processes an average of more than one hundred million parcels each day. It has become China’s largest e-commerce platform by number of users, and the largest online retail platform for agricultural produce in the world.Pinduoduo’s team is young and highly creative, with extensive backgrounds in technology. The average age of the company’s employees is 27, and 70% of them graduated from renowned domestic universities such as Tsinghua University, Peking University, Fudan University, Shanghai Jiao Tong University, Zhejiang University, as well as leading overseas universities. In 2021, the company’s employee number reached 8,000.