Pinduoduo

The ramifications are multifold, and may significantly reshape how Pinduoduo and ByteDance build their revenue streams and user pools.

Consumers are confused by overcomplicated and capricious discount rules, while e-commerce platforms pump up sales during shopping festivals like 618 and Singles’ Day.

A vicious cycle of monitoring and overwork is fueling productivity—and backlash.

Founders of Chinese tech giants are relinquishing the CEO title in favor of strategic roles behind the scenes. 

The number of active buyers on Pinduoduo has reached 823.8 million.

The group’s retail business, which targets price-sensitive buyers, is struggling to make money amid fierce competition in the sector.

Tencent doesn’t have a platform to directly rival Alibaba’s Taobao, but it remains relevant in the e-commerce space thanks to WeChat and investments in other e-commerce platforms.

As Pinduoduo has reached the top, the firm is rapidly discovering an unavoidable reality: Holding the lead is much harder than claiming it.