Consumer Economy

In the next three years, Pinduoduo will introduce more than 10,000 international brands to its platform.

Users can monetize their influence by getting part of the sales commission fees.

Pinduoduo reached 536.3 million active buyers, up 39% year-on-year.

This represents the largest funding round for the company to date.

Combined sales of Amazon India and Flipkart during the festive season sale amounted to USD 4.3 billion.

Part of the company’s efforts to reframe Pinduoduo as a marketplace for branded merchandise.

By empowering agents or small kiosks, tech players including e-commerce firms are helping bridge the formal and informal economies.

In its earnings report, Walmart said inclusion of Flipkart negatively affected its operating income.