8/14/2023 0 Comments Pin duo duo ipoThe cookies collect this data and report it anonymously. It helps us understand the number of visitors, where the visitors are coming from, and the pages they navigate. Since then, authorities have been investigating labor conditions at the company, and if long working hours may have been a factor in the employees’ deaths.Īn earlier version of this article incorrectly referred to Colin Huang as the company’s Chairman and Chen Lei as CEO.Īnalytics cookies help us understand how our visitors interact with the website. Pinduoduo faced intense scrutiny this January when a worker died by suicide and another collapsed after walking home from work. The company raised $1.63 billion in a Nasdaq IPO in 2018, one of the top fundraising deals of the year.The ecommerce giant gained popularity for a group-buying function that enables friends and family groups to purchase in bulk, at discounted prices.Apart from fresh produce, Pinduoduo now sells other household items such as olive oil and toilet paper.Pinduoduo was popular in third- and fourth-tier cities, but has since expanded to China’s first-tier and second-tier cities, while challenging Alibaba and JD.com’s dominance in ecommerce.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |