# Pinduoduo

**Source:** https://www.startuphub.ai/startups/pinduoduo
**Profile type:** Startup

> A leading Chinese social commerce platform focused on agriculture and value-for-money products.

## About

Pinduoduo is a Chinese online retailer founded in 2015, initially focusing on agriculture and expanding into a leading social commerce platform. It connects consumers with a wide range of products through a unique 'team purchase' model, encouraging group discounts and social sharing, primarily via WeChat. PDD Holdings, the parent company, also owns the global e-commerce marketplace Temu.

## Key facts

- **Slug:** pinduoduo
- **Website:** https://www.pinduoduo.com/
- **Location:** Shanghai, China
- **Founded:** 2015-09-24
- **Operating status:** Active
- **Total funding:** $6.4B
- **Sectors / tags:** E-commerce, Social Commerce, Marketplace, Agriculture, Consumer Goods, RetailTech, Mobile Commerce

## Frequently asked

### What does Pinduoduo do?

Pinduoduo is a Chinese online retailer founded in 2015, initially focusing on agriculture and expanding into a leading social commerce platform. It connects consumers with a wide range of products through a unique 'team purchase' model, encouraging group discounts and social sharing, primarily via WeChat. PDD Holdings, the parent company, also owns the global e-commerce marketplace Temu.

### What is Pinduoduo's revenue?

StartupHub estimates Pinduoduo's annual revenue at $2.9B (range $1.9B to $3.5B, 29% confidence), based on comparable companies in the sector.

### What is Pinduoduo's valuation?

StartupHub estimates Pinduoduo's effective valuation at $292.3B (range $133.9B to $562.1B, 43% confidence), based on comparable companies in the sector.

### How much funding has Pinduoduo raised?

Pinduoduo has raised a total of $6.4B in funding. The most recent round on record is Post IPO.

### Where is Pinduoduo headquartered?

Pinduoduo is headquartered in Shanghai, China.

### When was Pinduoduo founded?

Pinduoduo was founded in 2015.

### What industry does Pinduoduo operate in?

Pinduoduo operates in E-commerce, Social Commerce, Marketplace, Agriculture, Consumer Goods, RetailTech.

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