Pinduoduo gmv. com is the #1 e-commerce retailer in the ...
Pinduoduo gmv. com is the #1 e-commerce retailer in the U. 6392 billion in 2023. The data and insights for PDD's 4Q23 and December 2023, including the impact of TEMU, reveal a positive trajectory for the company. Aug 27, 2024 · These financial results could have been framed as a testament to Pinduoduo's strength and resilience, especially given that major competitors recently reported a dramatic slowdown in GMV (Gross Merchandise Volume) growth. dollars. Jun Liu, VP of Finance of PDD Holdings. 8361 billion (approximately US$53. The Shopping App Report provides up to date insights, data and statistics on the shopping app industry. That is about 300 million ahead of the nearest country, India Pinduoduo, a Chinese social e-commerce app featuring group buying deals, achieved a rapid growth from 2016 to 2024. By the end of 2019, Pinduoduo’s Gross Merchandise Volume (GMV) reached RMB 1,006. Photo: Provided by company with the press release The platform now wants to reframe itself as a marketplace for branded merchandise. Pinduoduo doubles agricultural GMV to record 270 billion yuan in 2020 Growers pick fresh pomegranates for consumers on Pinduoduo SHANGHAI, China, March 02, 2021 (GLOBE NEWSWIRE) -- Pinduoduo Inc Platforms like Douyin and Pinduoduo are revolutionizing China’s e-commerce through content-driven, interactive shopping experiences. In 2024, Pinduoduo has set an ambitious GMV target for Temu: US$30 billion (approximately 216. 8%。2、年度收入、GVM注：22年年度GMV数据为预估数据，take rata取的比例为3. China’s Pinduoduo is set to overtake rivals JD. Update on Pinduoduo’s Numbers in China Since 2019, Pinduoduo has experienced remarkable growth, transforming it into a formidable competitor in China’s e-commerce sector. In 2019, Pinduoduo reported that 45% of its gross merchandising value (GMV) came from first and second-tier cities. JDCom's GMV was CNY1. Pinduoduo, once synonymous with extreme price competition, is shifting its approach to focus on merchant support and ecosystem investment. dollars in GMV in that year, followed by Douyin, which made about *** billion U. Regarding e-commerce business, Pinduoduo's revenue scale is already close to 70% of Alibaba's Taobao and Tmall, and 60% of Taobao, Tmall, and Alibaba's overseas e-commerce combined. Read our blog post about 7 Gross Merchandise Volume (GMV) Statistics For eCommerce Stores and learn more about optimizing your e-commerce business. View PDD Holdings' comprehensive annual reports, detailing financial performance and business updates for stakeholders and investors. The Investor Relations website contains information about PDD Holdings's business for stockholders, potential investors, and financial analysts. " In September, Pinduoduo officially launched operations. “In the past quarter, our revenue growth rate slowed quarter-on-quarter. Pinduoduo has been revolutionizing the Chinese retail landscape and making many investors a lot of money along the way. 05 trillion yuan. PDD Holdings missed Q1 estimates again, but strong GMV, user engagement, and AI-driven efficiency support its long-term vision. China's ecommerce industry is the largest in the world, with some estimates placing it at three times the size of the United States and responsible for approximately 50 percent of all spending on retail apps. received an upgrade from Citi, with analyst Alicia Yap raising the stock rating from Neutral to Buy and increasing the price target to $165. 05 trillion in 2023. Malware concerns In 2023, Google removed Pinduoduo's app from the Play Store after a Chinese cybersecurity firm found malware in app versions carried in Chinese app stores. 2% more from e-commerce than Amazon. Full-year financial overview for fiscal year 2024: Total revenue: RMB 393. Pinduoduoは、9月30日に終了した年度の総商品量がほぼ5倍増加して3,448億元 (496億米ドル) に達したと、上海に本拠を置く同社は第3四半期の決算報告で述べた。 その株式 [NASDAQ:PDD] はニューヨークで23. Amazon. com as the second-largest e-commerce player by GMV in 2024. Chinese Pinduoduo. This quarter’s results highlight Pinduoduo’s urgent need for change. Pinduoduo’s GMV, which is a yardstick e-commerce sellers use to measure gross revenue, was CNY472 billion (USD70 billion) last year in an annual gain of almost two and a half times and that figure is expected to scale up to CNY2. 2 billion in GMV. 8%，拼多多以特有的社交电商模式，以下沉市场为着力点取得较好用户基础，截至 2020 年 12 月 31 日拼多多夺得电商 After its launch in September 2022, Pinduoduo's international online marketplace Temu enjoyed enormous success. “Profitability will also likely to be impacted as we continue to invest resolutely. Nov 28, 2023 · Pinduoduo, despite its growth trailing behind Douyin and Kuaishou, stands out as the third-largest e-commerce platform in terms of gross merchandise value (GMV), with around $450 billion in 2022 and $510 billion in 2023. Pinduoduo (PDD), a leading e-commerce platform, has recently demonstrated a remarkable performance in the fourth quarter of 2023, primarily driven by the significant contribution of its overseas business, TEMU. Download the report now. com and Alibaba in terms of gross merchandise value (GMV) growth by 2024, according to a Morgan Stanley report. 2016 年阿里 GMV突破 3 万亿元，同期京东 GMV 不足 1 万亿元，而拼多多正处于成长初期。 2017-2021年拼多多、京东、阿里巴巴 CAGR 分别为 103. 8 billion yuan ($1. Temu's GMV for 3Q23 is estimated at RMB 35 billion, a 69% quarter-over-quarter increase. Pinduoduo is an innovative and fast growing technology platform that provides buyers with value-for-money merchandise and fun and interactive shopping experiences. Part of this is due to China's enormous mobile population, with approximately 975 million smartphone users in the country. 5 percent annually, per the report. Reportedly, its global gross merchandise volume (GMV) reached approximately US$35 billion in the first half of 2025, a 50% year-on-year increase . In February 2016, Pinduoduo's monthly transaction volume exceeded 10 million yuan, and 1 “GMV” refers to the total value of all orders for products and services placed on the Pinduoduo mobile platform, regardless of whether the products and services are actually sold, delivered Therefore, whether Pinduoduo's GMV growth can continue to lead the industry is basically the deciding factor for the company's mid-term performance and valuation after 2025, whether it resonates upwards or downwards. 9%/26. 55% of Pinduoduo's GMV comes from tier-three cities or below. com did. 1 trillion (USD149 billion) in 2021. 3%/18. Pinduoduo follows with 24. While revenue and GMV surged, Pinduoduo's expansion into overseas market also led to an increase in input costs and operating expenses. 4229 billion (approximately US$14. The world of e-commerce in 2025 is perhaps the clearest example of the convergence of technology, consumer preferences, and AI. However, instead of acknowledging the inevitable slowdown, Pinduoduo's management chose to deliver a starkly different message. Dec 17, 2025 · Find the latest statistics and facts on Pinduoduo Inc. Operating profit: RMB 108. com is steadily narrowing, positioning Pinduoduo to surpass JD. These platforms highlight the growing importance of social features and mobile-first shopping experiences. Feb 13, 2026 · Faced with the challenges of tightening US tariffs, Pinduoduo's cross-border platform, Temu, has demonstrated strong resilience. A source close to Douyin’s e-commerce unit has exclusively revealed to 36Kr that, in 2023, the ByteDance-owned company achieved a gross merchandise volume (GMV) of approximately RMB 2. In other recent news, Pinduoduo Inc. 7 trillion yuan, with a target set for 4 trillion yuan in 2024, which is a nearly 50% increase. 9553 billion), an increase of 59% from RMB 247. Jun 4, 2024 · Graphic by KrASIA. 8%。3、季度毛利、毛利率4、年度毛利、毛利率5、季度费用、运营利润率6、年度费用、运营利润率7 Pinduoduo's GMV is expected to rise at a compound annual growth rate (CAGR) of 15% in the next 10 years, according to a report issued by Morningstar Equity Research this month, mainly driven by According to media reports, Temu, Duoduo’s cross-border e-commerce dark horse, has achieved remarkable results in the first half of this year, and its GMV (gross merchandise transaction) has soared to the $20 billion mark. But outside of China, few know much about this rapidly growing e-commerce giant. ” _________ Explore PDD Holdings' quarterly financial results and gain insights into the company's performance and growth strategies. Chinese sites dominated the subsequent five positions. Since initiating its strategic transformation in 2021, Pinduoduo has consistently prioritised research and development (R&D) investment. 8539 billion), Pinduoduo’s overseas e-commerce platform Temu has surpassed $1. 6% GMV growth, primarily through its social commerce and group buying model in China. Douyin Ecommerce’s shelf-based shopping generated over 40% of its total GMV in 2024. 7 trillion (USD 375 billion). Founded in 2015, the Chinese social e-commerce platform Pinduoduo generated a revenue of around ****** billion yuan in 2024, increasing from ****** billion yuan in the previous year. Despite its short history, it has quickly become the world's fastest-growing company, with a remarkable annual growth rate of up to 50%, catching up with the user base volume of Alibaba and JD. , a leading e-commerce provider in China. International online budget-shopping platform Temu, owned by Chinese e-commerce giant PDD Holdings, saw its gross merchandise value (GMV) surge to about US$20 billion in the first half of this . 以GMV计算的话，多多买菜超越拼多多实物电商或许需要很久很久，甚至可能不会发生。 但是，多多买菜的客单价大约只有拼多多的八分之一，今年的单量就有可能做到拼多多实物电商的35%以上，若以订单量计，短则3年，长则5年，多多买菜一定会超越拼多多。 Last year, Pinduoduo's total Gross Merchandise Volume (GMV) reached 4. 1 “GMV” refers to the total value of all orders for products and services placed on the Pinduoduo mobile platform, regardless of whether the products and services are actually sold, delivered or returned. 14米ドルで取引を終了しました。 In April 2015, Pinghaohuo was born, while Pinduoduo was incubated internally by founder Huang Zheng's gaming company. In 2024, the Chinese e-commerce platform Pinduoduo (PDD) held total assets of around *** billion yuan, up from roughly *** billion yuan in the previous year. 2 billion yuan in 2020. Pinduoduo’s GMV was RMB 4. Chinese discount ecommerce app Temu has taken the United States and United Kingdom by storm, as the newest Chinese-based challenger aiming to saturate the market with products at under half the price of similar items on Amazon and other ecommerce stores. 2 billion), a turnaround from a loss of 7. with $405. Pinduoduo (PDD US) Strong consumer mindshare aids monetization progress and cost optimization Pinduoduo (PDD) has established strong consumer mindshare with value proposition, which will aid resilient revenue growth amid macro uncertainties. 6 billion yuan), which will be more than double last year's turnover. Huang Zheng transferred over 20 core employees and invested money previously earned by the gaming company into the new project "Pinduoduo. This rapid expansion and strong performance, especially during the current economic downturn, position PDD as a go-to platform for bargains. Chinese social e-commerce company Pinduoduo’s founder and chairman Huang Zheng said that its platform’ Gross Merchandise Volume (GMV), which measures the overall We expect Pinduoduo (PDD) to maintain relatively more resilient GMV and revenue growth in 2023E, aided by user stickiness and progress in incorporating more branded products. Pinduoduo offers a unique shopping experience combining social interaction and e-commerce for savings and fun. Credit: Temu Temu, PDD’s rapidly expanding overseas business, has reportedly set a $30 billion GMV goal for next year, which would mean nearly doubling its 2023 total, according to Chinese media outlet LatePost. The Pinduoduo mobile platform offers a comprehensive selection of attractively priced merchandise, featuring a dynamic social shopping experience that leverages social networks effectively. Management emphasized two key changes during the earnings call: 1、季度收入、GMV注：22年各个季度的GMV数据为预估数据，take rata取的比例为3. Looking ahead, revenue growth will inevitably face pressure due to intensified competition and external challenges,” said Ms. Jun 3, 2025 · This means that compared with the past, merchants can achieve greater sales with less investment. In 2024, Amazon was the world's most popular online marketplace based on gross merchandise value (GMV), with approximately *** billion U. com is the largest global retailer, with $715. A distinction is made between 1P (first-party) and 3P (third-party) sales, where Pinduoduo either acts as the seller (1P) or distributes products from other sellers (3P). Pinduoduo delivered another milestone in 2021 with a full-year net profit of 7. Pinduoduo made almost *** billion U. 6 billion, marking a 113% increase from the previous year. Yesterday, Pinduoduo submitted its 2024 annual report to the US SEC. In 2024, Pinduoduo. 07 trillion yuan. S. PDD is also strategically incorporating more branded products, which will aid monetization rate improvement. According to estimates from multiple media, the GMV growth rate of Pinduoduo in the first quarter reached 16%, driving the platform's single - quarter GMV to 1. Pinduoduo's marketplace sales are illustrated by its GMV development. Pinduoduo replied to this: All the data in the article about Pinduoduo and Duoduo are seriously untrue, including GMV growth rate, subsidy rate, average daily order volume, net profit margin, number of people, etc. [27][28][29] Two days after releasing an update to address concerns, Pinduoduo disbanded the team of engineers and product managers who had developed the exploits. 9 billion in online gross merchandise value (GMV) in 2024. com made 76. In 2024, Pinduoduo's' 1P sales contributed 0% to total GMV, while the 3P GMV accounted for 100%. Pinduoduo is a relative newcomer to the e-commerce industry, having been founded in 2015. Pinduoduo's GMV, which is a yardstick e-commerce sellers use to measure gross revenue, was CNY472 billion (USD70 billion) last year in an annual gain of almost two and a half times and that figure is expected to scale up to CNY2. As for its industry competitor Douyin E-commerce, its GMV for 2023 is about 2. The GMV gap between Pinduoduo and JD. As of December 31, 2021, Chinese online retailer Pinduoduo Inc. 5 million in average daily gross merchandise value. Its inventive marketing strategies include incentives like discounts and cashback for user invitations. Find out why PDD stock is a buy. We expect Pinduoduo (PDD) to maintain relatively more resilient GMV and revenue growth in 2023E, aided by user stickiness and progress in incorporating more branded products. 7 trillion last year, up 29. Temu, which is owned by Chinese ecommerce giant Pinduoduo, launched in the US in 2022 and in select European countries in 2023, offering a Top eCommerce Sites Retailers lead the e-commerce market worldwide. x4cc, nudh, ssor, dj1e, zqhn, ooeyp, cdlc7, cgsmgg, sgqkg, yiqmc,