Pinduoduo

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.

By 2025, the country’s e-commerce sector is projected to generate 41.3 million tonnes of plastic waste, but efforts are being made.

The social commerce player aims to become China’s No. 1 online agriculture platform by investing in related technologies and operations.

This is the first time that a hotel chain operator in China has opened an online booking channel on Pinduoduo, which mainly sells groceries.

But average spending per user remained less competitive compared to Alibaba e-commerce and JD.com.

Pinduoduo’s growth has continued in the post-pandemic recovery period, as the company seeks to expand its presence in China’s massive agriculture industry.

WeChat users can now submit identity and bank information to register for a store.