Pinduoduo - Asia Tech Wire

Pinduoduo

2025.02.03

22:32

Popular Chinese stocks fell across the board, with the Nasdaq China Golden Dragon Index falling 2.19%

2025.01.23

20:09

Pinduoduo releases "2025 New Year's Eve Dinner Report": New Year's goods are accelerating westward, and the number of dumpling orders in the western region increased by 371%

Pinduoduo released the "2025 New Year's Eve Dinner Report". From the perspective of New Year's goods consumption, the tastes of New Year's Eve dinners in the north and south have further integrated, and the demand for high-quality fruits and seafood in the vast counties and rural areas has become more vigorous. The report shows that dumplings, yam, cabbage and other must-haves on the northern Spring Festival table are hot-selling in the southern region. Young and middle-aged people in small towns are still the fastest growing group in seafood consumption, and rural New Year's Eve dinners are becoming more abundant. Before the Spring Festival, seasonal vegetables, fruits and other fresh products entered the peak consumption period. Garlic, peppers, winter bamboo shoots, yam, and leafy vegetables became the top five vegetable products in sales, and the trend of "southern vegetables going north and northern vegetables going south" was obvious. In the consumption of dumplings, snacks and other categories, the trend of integration between the north and the south is even more obvious. The report shows that the sales volume of dumplings in the south increased by 75% year-on-year, and cabbage and fresh meat dumplings became a unified taste in the north and the south.

2025.01.22

20:31

Shanghai holds a guidance meeting on the classification of dispatch decision algorithms

The Cyberspace Administration of Shanghai Municipal Committee, together with the Municipal Market Supervision Bureau, held the third algorithm governance classification guidance meeting around the dispatch decision algorithm. Relevant persons in charge of 12 e-commerce shopping and takeaway express delivery companies, including Ele.me, Ctrip, Pinduoduo, Dingdong Maicai, and Shentong Express, attended the meeting. The meeting pointed out that when providing dispatch decision algorithm services, the platform must strictly abide by the requirements of the "Internet Information Service Algorithm Recommendation Management Regulations" and always adhere to the principle of algorithm fairness and justice. E-commerce shopping platforms are strictly prohibited from using algorithms to implement unreasonable differential treatment in transaction conditions such as transaction prices based on consumer preferences, transaction habits and other characteristics. Takeaway express delivery platforms should establish and improve and publicize in detail algorithm rules such as delivery time estimation, cost calculation, and route planning; build unimpeded complaint channels, and conduct regular consultations and coordination with workers on important matters such as institutional rules and algorithms involving labor rights and interests. The participating companies stated that they will adhere to the people-oriented value concept, continue to promote algorithm optimization and normalized disclosure, further broaden complaint feedback channels, respond to netizens' concerns in a timely manner, and effectively safeguard the legitimate rights and interests of all parties.

2025.01.21

17:32

Popular Chinese stocks rose before the market opened, with Xpeng Motors up more than 7%

17:31

2025.01.15

22:46

Hongxing Holdings: Its brands have established accounts on Xiaohongshu and will actively pay attention to new retail channels such as live streaming

Hongxing Co., Ltd. stated on the interactive platform on January 15 that its brands "Fenteng" and "Qianxianyi" have established official accounts on Xiaohongshu, which is one of the company's new media promotion channels. In addition, the company has opened official flagship stores or franchise stores on e-commerce platforms such as Tmall, Taobao, Vipshop, JD.com, and Pinduoduo to sell goods to consumers. At the same time, the company will follow market demand and actively explore or pay attention to new retail channels such as live streaming, community group buying, and flash delivery, striving to further expand marketing channels.

2025.01.14

22:52

Chinese asset ETFs and Chinese concept stocks collectively soared, with YINN up more than 6%

Chinese asset ETFs and Chinese stocks concept-listed in the US soared collectively, with YINN up more than 6%, CHAU and CWEB up more than 5%; in terms of individual stocks, Xpeng Motors up more than 10%, JD.com and Li Auto up more than 4%, and Pinduoduo and Miniso up more than 3%.

17:05

Popular Chinese stocks in the US stock market rose before the market opened

09:28

When A-shares opened, the Shanghai Composite Index opened up 0.14%, the Shenzhen Component Index opened up 0.27%, and the ChiNext Index opened up 0.35%. Pinduoduo concept stocks and tourism stocks led the gains.

2025.01.10

22:31

The three major U.S. stock indexes opened lower, and popular Chinese stocks fell across the board

The non-farm data exceeded expectations, and traders expect the Fed to cut interest rates once in 2025, as early as June. The three major U.S. stock indexes opened lower, with the Dow Jones Industrial Average down 0.43%, the Nasdaq down 0.86%, and the S&P 500 down 0.62%. Popular Chinese stocks fell across the board, with JD.com and Bilibili down more than 3%, Pinduoduo down more than 2%, and NIO, Alibaba, and Baidu down nearly 2%.

2025.01.07

18:44

Top 10 Asia's Most Valuable Technology Companies in 2024: TSMC Reigns at Top, Pinduoduo Dropped

The global technology industry in 2024 demonstrated resilience amidst evolving economic and geopolitical challenges.

2025.01.06

20:43

Most of the popular Chinese stocks in the US market rose before the market opened, with Pinduoduo rising by more than 6%

19:55

Shanghai local website platforms have successively released special announcements on algorithm governance and complaint and reporting feedback channels

Since November 2024, according to the joint deployment of the Central Cyberspace Affairs Office and other four departments, the Shanghai Municipal Cyberspace Affairs Office, together with the Municipal Communications Administration, the Municipal Public Security Bureau, and the Municipal Market Supervision Bureau, has promoted the "Clear and Bright Pujiang·Governance of Typical Problems in Internet Platform Algorithms" special action, requiring Shanghai-based websites and platforms to conduct self-inspection and self-correction on key issues such as "information cocoons", manipulation of lists to hype hot spots, infringement of the rights and interests of workers in new employment forms, big data "killing the familiar", and lack of algorithm-based services. Recently, under the guidance of the Shanghai Municipal Cyberspace Affairs Office, Xiaohongshu, Douyin, Himalaya, Bilibili, Pinduoduo, Ele.me, Dianping, Ctrip, SOUL, Dingdong Maicai, Xingye, Yuewen and other website platforms have successively issued "Clear and Bright Pujiang·Governance of Typical Problems in Internet Platform Algorithms" special action governance announcements, and announced the feedback channels for netizens' complaints and reports, expressing their willingness to actively accept social supervision, and will adjust and optimize the application of algorithms based on the problems reflected by netizens to promote the application of algorithms in an upward and positive way.

2025.01.03

22:32

At the opening of the US stock market, the Dow Jones Industrial Average rose 0.41%, the S&P 500 rose 0.47%, and the Nasdaq rose 0.6%. Most of the popular Chinese stocks rose, with Miniso (MNSO.N) rising more than 7%, Li Auto (LI.O) rising nearly 3%, Pinduoduo (PDD.O) and iQiyi (IQ.O) rising about 1%. Rivian (RIVN.O) opened up 3.66%, and the company's fourth-quarter sales and deliveries were better than expected.

21:34

The annual summary report meeting on compliance management of online sales of medical devices was held in Beijing

On January 3, the 2024 Annual Summary Report Meeting on Compliance Governance of Online Sales of Medical Devices was held in Beijing. Relevant departments of the National Medical Products Administration and provincial-level drug regulatory departments such as Beijing, Shanghai, Zhejiang, Guangdong, and Sichuan reported on the supervision of online sales of medical devices. Platform companies such as Xiaohongshu, Baidu, JD.com, Meituan, Pinduoduo, and Douyin introduced the results of their work in compliance governance. The meeting fully affirmed the results of compliance governance of online sales of medical devices in 2024, deeply analyzed the existing problems and challenges, and further clarified the goals and tasks of compliance governance and supervision of online sales of medical devices. The meeting emphasized the need to focus on key products that are of concern to the public and have a wide range of applications, increase monitoring and disposal efforts, study and innovate compliance governance mechanisms for online sales of medical devices, support platform companies to strengthen the construction of compliance governance quality management systems, and jointly promote the high-quality development of online sales of medical devices to effectively ensure the safety of public use of medical devices.

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