Pinduoduo - Asia Tech Wire

Pinduoduo

2024.12.28

12:15

Jinzi Ham: The company has direct-sale stores on Tmall, JD.com, WeChat and other platforms

Jinzi Ham said on the interactive platform that online sales are the company's key development direction. The company's products have direct stores on Tmall, JD.com, Pinduoduo, Douyin, WeChat and other platforms.

2024.12.17

23:46

The China Concept Index rose by more than 1%, while Zeekr, Bilibili, and Xiaopeng rose by at least 4%.

The Nasdaq Golden Dragon China Index rose by 1.5%, setting a new intraday high. Zeekr rose by more than 6%, Bilibili rose by more than 5%, Xpeng rose by more than 4%, Li Auto and NIO rose by more than 3%, and Pinduoduo rose by more than 2%.

2024.12.13

13:21

A-share Pinduoduo concept stocks fluctuated higher, and it was worth buying that rose by more than 10%. Ruoyuchen hit the daily limit, and Yuanlong Yatu, XuanYa International, Rebate Technology, Online and Offline stocks followed suit.

13:14

Pinduoduo concept fluctuated higher and was worth buying, up more than 10%

Pinduoduo concept stocks fluctuated higher, and it is worth buying that rose by more than 10%. Ruoyuchen hit the daily limit, and Yuanlong Yatu, XuanYa International, Rebate Technology, Online and Offline stocks followed suit.

2024.12.12

22:51

Nasdaq Golden Dragon China Index rose 1%

The Nasdaq Golden Dragon China Index rose 1%, YINN rose 1.6%, popular Chinese stock Yum China rose 2.8%, Bilibili and Baidu rose more than 1.2%, Alibaba, New Oriental, Li Auto, Pinduoduo, and NetEase rose nearly 1%.

11:25

China asset ETF and Chinese concept stocks rose 3 times in the night trading, and the FTSE China ETF rose nearly 5%

Chinese asset ETFs and Chinese stocks rose in the night session, with the 3x long FTSE China ETF rising nearly 5%, and the China Overseas Internet ETF rising nearly 2%; Bilibili rose nearly 4%, Xpeng Motors rose nearly 3%, Pinduoduo and Baidu rose more than 2%, and Alibaba and NIO rose nearly 2%.

2024.12.11

18:42

Kazakhstan plans to require overseas e-commerce platforms to register and set up offices

Kazakhstan's Deputy Minister of Trade and Integration, Kairat Torzhbayev, recently announced that foreign e-commerce platforms will be required to register and set up offices in Kazakhstan in the future. The regulations are aimed at strengthening consumer protection and regulating the e-commerce market. He revealed that e-commerce platforms such as Temu and Pinduoduo have not yet been registered in Kazakhstan. Currently, Kazakhstan Post, as the main operator, is negotiating with these companies to try to promote their formal business in Kazakhstan. Torzhbayev added that if these e-commerce platforms fail to officially register and set up offices in Kazakhstan, they will face potential tax-related problems.

05:02

Nasdaq China Golden Dragon Index closed down 4.34%

The Nasdaq China Golden Dragon Index closed down 4.34%. Popular Chinese stocks fell collectively, with Bilibili down more than 11%, NIO down more than 7%, Xpeng Motors down more than 6%, Pinduoduo and Li Auto down more than 5%, and NetEase, JD.com and Baidu down more than 4%.

2024.12.09

23:01

Nasdaq Golden Dragon China Index rose more than 10%

The Nasdaq Golden Dragon China Index rose more than 10%, Chinese stocks Fangdd rose more than 119%, YINN, Baozun E-Commerce, Xinyuan Real Estate, OneConnect Financial Technology, Dada and others rose more than 20%, Bilibili, Lukong, Beike, NIO, Xpeng, JD.com, Pinduoduo, Zeekr, Weibo, Huazhu, Ctrip, Li Auto, KWEB and others rose more than 10%.

2024.12.05

10:07

Temu reportedly suspends Vietnam business, no official response yet

According to market sources, Temu was told to suspend its business in Vietnam. Pinduoduo has not responded to this yet. According to data, Temu launched a Vietnamese site in October this year, providing shopping benefits such as free shipping and up to 90% discounts in the Vietnamese market. According to media reports, the first version of Temu Vietnam site is relatively basic, only supports English, only accepts credit card payments, and only two logistics companies, Ninja Van and Best, are connected. (Sina Technology)

2024.08.09

06:25

Pinduoduo founder becomes China's richest man, Bloomberg data shows

Asia Tech Wire (Aug 9) -- Pinduoduo founder Colin Huang, 44, has topped the list of China's richest people, according to the latest Bloomberg Billionaires Index.

2024.08.05

08:48

Nvidia, Pinduoduo debut on Fortune 500 list

Asia Tech Wire (Aug 5) -- U.S. chipmaker Nvidia and Chinese e-commerce giant Pinduoduo have made their debut on the Fortune 500 list.

2024.05.17

08:22

Huawei sues Temu owner Pinduoduo in China for copyright infringement

Asia Tech Wire (May 17) -- Chinese tech giant Huawei is suing Pinduoduo, the owner of e-commerce platform Temu, for copyright infringement.

2024.04.25

09:56

Pinduoduo loses unfair competition case with Alibaba's logistics arm Cainiao

Asia Tech Wire (Apr 25) -- Chinese e-commerce giant Pinduoduo, which operates Temu, has lost an unfair competition case with Cainiao, the logistics arm of rival Alibaba.

2024.04.12

07:45

Chinese tech firms' abuse of noncompete contracts noticed by U.S., Japan media

Asia Tech Wire (Apr 12) -- Leading media outlets in the U.S. and Japan have focused on the abuse of non-compete agreements by Chinese tech firms such as Pinduoduo.

Email Subscription

Newsletters and emails are now available! Delivered on time, every weekday, to keep you up to date with North American business news.

Weekly Highlights

                                    Taiwan's weighted index rose 2.6%, with semiconductor stocks leading the gains, and TSMC rising more than 4%
                            2024-12-23

                                    Huawei's Automotive BU spin-off is in the countdown, and old employees are expected to receive extra compensation when they transfer to other companies? Insider: I haven't heard of it.
                            2024-12-27

                                    Tuanmaimai, the WeChat community group buying business under Meituan (03690.HK), issued an announcement stating that due to platform business adjustments, Tuanmaimai will cease operations from 24:00 on December 31, 2024.
                            2024-12-23

                                    Mao Yinian, Vice President of Meituan: Meituan has invested in several robot companies including Yushu and Galaxy General
                            2024-12-27

                                    A-share SMIC rose more than 5%
                            2024-12-27