Pinduoduo.com

Pinduoduo began by assisting rural Chinese women and those living in China's Tier 3 and 4 cities in saving money during grocery shopping. Customers like these help the new social e-commerce marketplace get the word out and grow quickly without spending a ton of money on advertising when they make bulk purchases.

There are an average of 191.4 million visitors every month. This is an emerging platform that has seen rapid growth in recent years. Consumers can save money by buying in bulk thanks to the site's group-buying promotions on a large selection of products.

From 2019's low of RMB30,141.9 million, total revenues soared 97% in 2019 to RMB59,491.9 million (US$9,117.5 million). Sales of items and digital advertising services online were major contributors to the growth.

Website: https://en.pinduoduo.com/