# Pinduoduo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pinduoduo

- Industry: Internet
- Headquarters: Shanghai, China
- Website: www.sories.pinduoduo-global.com
- Total disclosed funding: $3.3B
- Latest round: Series D (Apr 11, 2018)
- Investors on record: 8

## About

Founded in 2015 and based in Shanghai, China, Pinduoduo, Inc. mainly operates an online agriculture shopping platform that connects farmers, distributors, and consumers through its mobile application. In 2018, Pinduoduo was listed on NASDAQ under the ticker symbol PDD. In 2019, Pinduoduo, Inc. launched Duo Duo Live which is a live e-commerce and live streaming platform for merchants to sell and promote their products. As of 2021, the number of active users using the platform exceeded 849 million. As of 2022, the CEO of the company is Chen Lei. 

Pinduoduo, Inc. operates a mobile marketplace platform known as Pinduoduo. Farmers, merchants, distributors, and other types of agricultural product suppliers list their products such as fruits, plants, etc. Pinduoduo also offers general consumer goods such as packaged food, clothing, cosmetics, etc. on its platform. Pinduoduo also provides an online marketplace as well as marketing and digital advertising services such as live streaming and advertisement exposure for the merchants that are listed on its platform and wish to promote its products to the consumers.

## Funding rounds

- Series D, Apr 11, 2018, $3B — HSG, Tencent Investment
- Series C, Feb 1, 2017, $214M — Hong Shan, Cathay Capital, Tencent Investment, Gaorong Ventures
- Series B, Jul 19, 2016, $110M — New Horizon Capital, Tencent Investment, Gaorong Ventures, Sky 9 Capital
- Series A, May 1, 2015, $9M — IDG Capital, Gaorong Ventures

## Investors

- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series A
- Gaorong Ventures (https://capitalatlas.ai/funds/gaorong-ventures) — Series A, Series B, Series C
- New Horizon Capital — Series B
- Tencent Investment — Series B, Series C, Series D
- Sky 9 Capital (https://capitalatlas.ai/funds/sky-9-capital) — Series B
- Hong Shan — Series C
- Cathay Capital — Series C
- HSG (https://capitalatlas.ai/funds/hsg) — Series D