Pinduoduo

When we started Pinduoduo (“PDD”) in 2015, we envisioned a platform that could leverage technology to place users’ ever-changing needs first through interactions and connections among them. We hoped that this open platform could provide equal opportunities and empower all for a better life.Therefore, we created a 100% interactive mobile Internet platform and provided e-commerce services to enable users to discover interesting and value-for-money products. Unlike the conventional search model used by existing global peers, PDD engages its users through a personalized recommendation model.In July 2018, PDD was listed on Nasdaq (Nasdaq: PDD) to pave the way to becoming a global and institutional technology platform.At PDD, user satisfaction is the most important KPI of our employees. “I hope our team wakes up feeling anxious every day, never because of share price volatilities, but because of their constant fear of users departing if we are unable to anticipate and meet users’ changing needs”, said the founder and CEO of Pinduoduo, Colin Zheng Huang.As of June 2019, PDD’s last-twelve-month Gross Merchandise Value (GMV) is US$103.3 billion, connecting 483.2 million annual active buyers and more than 3.6 million merchants.