Pinduoduo

The company believes that consumer behavioral changes accelerate the online migration of retail.

Pinduoduo’s share price increased by 20.41% to a record USD 134.21 in Thursday trading following its third-quarter earnings announcement.

Jack Ma’s retirement marks a new era for the country’s innovators.

The standalone shopping channel is a strategic move by Baidu which is ramping up e-commerce capabilities in its mobile ecosystem.

Capitalizing on the platform’s 683 million customers, the store sold over 100,000 items within two days of its launch.

Alibaba’s newest promotion mirrors a similar play by Pinduoduo in July and August.

Pinduoduo predicts annual gross merchandise volume on its platform from agriculture to exceed RMB 1 trillion (USD 146 billion) in annual GMV in five years.

Weishi launched its Chinese Farmers’ Harvest Festival Shopping Season in a bid to get more farmers selling their produce on the the platform.