Pinduoduo is an e-commerce platform allowing users to participate in group buying deals. It’s like a mixture of Groupon and Amazon. 17% Owned by Tencent!
Pinduoduo Inc. is the largest interactive e-commerce platform in China and in the world. It is the second-largest online marketplace in China by number of users and number of orders. It is also one of the world’s largest internet companies.
+1 for PDD
This thing is flying. It’s a super interesting company, but the valuation seems quite crazy now. I’ll probably take profit on 50% and freeroll the rest.
The app says the market cap is $790bn, but actually it should be something like $240bn…