Market value of Pinduoduo exceeds USD31.8 bln, larger than

2019-01-25 15:52

Already collect

Pinduoduo, a promising e-commerce platform in China, recently reported a market value of USD31.8 billion, even larger than that of, according to data compiled by Bloomberg.
Pinduoduo’s Q3 2018 financial results showed that by Sept.30, the number of active buyers on the platform reached 385.5 million, representing a year-on-year growth of 144 percent. The company’s gross merchandise volume (GMV) reached 344.8 billion or a year-on-year growth of 386 percent.
Hackers took advantage of a loophole in online group discounter Pinduoduo’s platform to steal vouchers worth of ens of millions of yuan, the company said Sunday. The bug has been fixed and the company has reported the incident to police.
The incident did not cause much trouble to the company’s stock price, but experts said such thing should not happen to a high-tech company like Pinduoduo, and the company had to improve its ability in dealing with crisis.
Add comments

Latest comments

Latest News
News Most Viewed