Get access to exclusive content including newsletters, reports, research, videos, podcasts, and much more. I was going to say the exact opposite, their labour practices are. Although the most used social media platform is WeChat, opening an official WeChat account is not your best option if your objective is to gain visibility. Pinduoduo, which boasts a user base that accounts for three quarters of Chinas online population and a market value three times that of eBay , wasnt always an online shopping behemoth. It's bad enough having an American behemoth knowing everything I buy. So to expand: anyone that is participating should invite someone else. Your support helps TechNode continue to provide credible, on-the-ground journalism and industry insights about the Chinese tech industry. Temus sister company, Pinduoduo, has long been accused of hosting sales of counterfeits, illegal goods, or products that do not match their descriptions. No experience, certification, or degree required. Temu Reviews and Reputation As of March 2023, the Temu app is rated 4.6/5 on the iOS App Store with 90,200 reviews and 4.7/5 with 103,000 reviews on the Google Play Store. I just think this line of reasoning kind of falls apart. Worse, instead of lobbying the government, the government orders them to obey and they do. [krewe.com] and I've had a pair of them for years. For the direct shipping option, the wholesalers will provide shipping and after-sale services to consumers on behalf of the merchant. As for the exciting problems of pinduoduo, Fig. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Global e-commerce market share of leading e-retailers 2021, Leading online retailer sales share in China 2021, Pinduoduo's monthly active user number Q1 2019-Q1 2022, Most valuable retail brands worldwide in 2022, by brand value (in million U.S. dollars), Leading large cap e-commerce companies worldwide 2022, by market cap, Market cap of leading large cap e-commerce companies worldwide as of June 2022 (in billion U.S. dollars), E-commerce market share of leading e-retailers worldwide in 2021, based on GMV, Leading Chinese internet companies on the Fortune China 500 ranking 2022, Leading Chinese internet companies on the Fortune China 500 ranking in 2022, based on revenue (in billion yuan), Youngest brands among the 500 most valuable Chinese private companies 2022, Market value of the youngest 500 most valuable Chinese private companies in 2022 (in billion yuan), Most valuable e-commerce companies in China 2021, Company value of leading e-commerce platforms in China as of December 2021 (in billion yuan), Annual revenue of Pinduoduo Inc. from 2016 to 2021 (in million yuan), Pinduoduo's annual revenue 2017-2021, by segment, Annual revenue of Pinduoduo Inc. from 2017 to 2021, by segment (in million yuan), Pinduoduo's annual gross profit 2016-2021, Annual gross profit of Pinduoduo Inc. from 2016 to 2021 (in million yuan), Total assets of Pinduoduo Inc. from 2016 to 2021 (in billion yuan), Pinduoduo's number of employees 2016-2021, Number of employees at Pinduoduo Inc. from 2016 to 2021, Leading retailers' share of sales in total retail e-commerce sales in China as of December 2021, Gross merchandise values of Pinduoduo Inc. from 2018 to 2021 (in billion yuan), Number of orders on Pinduoduo's mobile platform 2017-2021, Number of orders placed on Pinduoduo Inc. mobile platform from 2017 to 2021 (in billions), Average customer acquisition costs in China FY 2016-2021, by e-commerce platform, Average customer acquisition costs in China from financial year 2016 to 2021, by e-commerce platform (in yuan), Average value per order of Pinduoduo 2017-2021, Average order value (AOV) of Pinduoduo Inc. in China from 2017 to 2021 (in yuan), Number of monthly active users of Pinduoduo Inc. from 1st quarter 2019 to 1st quarter 2022 (in millions), Penetration rate of mobile shopping app Pinduoduo in China 2019-2021, Penetration rate of mobile shopping app Pinduoduo in China in selected months from 2019 to 2021, Share of Pinduoduo users in China 2020, by gender, Pinduoduo user distribution in China as of June 2020, by gender, Share of Pinduoduo users in China 2020, by age, Pinduoduo user distribution in China as of June 2020, by age group, Share of Pinduoduo users in China 2020, by city tier, Pinduoduo user distribution in China as of June 2020, by city tier. There are lots of really good reasons not to use Amazon. Read here to further SEO on Baidu. It is when you fund them. You need to make your online registration and follow these steps: Also, you need to pay a deposit entrance fee, the amount of which is based on your industry category (from 10,000RMB to 50,000RMB). Yes, wouldn't it be terrible if rich Chinese industrialists put Americans to work under conditions almost as bad as American industrialists formerly put Chinese immigrants to work under? POLAND - 2021/01/05: In this photo illustration, a Pinduoduo logo seen displayed on a smartphone Last Nights Exchange Rates, Prices, & Yields. In other words, literally everything on your phone. We are not responsible for them in any way. WebPinduoduo Inc. (Chinese: ; Pinyin: Pn dudu) is a Chinese online retailer. PDD also owns the e-commerce platform Pinduoduo headquartered in you guessed it China. If you're in a tech startup, or, like me, run your own small business, that just goes with the territory. Revenues from merchandise sales were RMB5,357.8 million (US$821.1 million), an increase of RMB5,357.8 million from nil in the same quarter of 2019. Even Amazon returns, are being put into landfill. Throw in outright fear of China that is prevalent in US politics, and they will have a much harder time bribing, I mean lobbying the American government. But thats not the worst of it. I suspect this two way opportunity is not used, because Amazon has too big market share, and there is chump change in selling used goods back to China. In October, the Boston branch of the Better Business Bureau opened up a file on Temu and has received 31 complaints about the website. Every Wednesday and Friday, TechNodes Briefing newsletter delivers a roundup of the most important news in China tech, straight to your inbox. How to get set up on Pinduoduo as foreign merchants? This text provides general information. Its sufficient to pay a registration fee of 0.01 RMB to participate. The innovation of the Pinduoduo platform consists of continued investment in the key drivers of its consumers purchasing decisions, which are convenience and gamification. Today, Pinduoduo is one All three of the situations you described are an investment in oneself. Heres why its more complicated than fun viral videos. Address:777 Terrace Ave, Suite 202Hasbrouck Heights, NJ 07604. The company was also forced to pull out as a sponsor of the Lunar New Year Gala, the most-watched show on Chinese television. Problems of Pinduoduo. Read our guides on how to create a Chinese website and Baidu SEO to find out more. CNY/USD 6.40 versus 6.41 yesterday; Otherwise, the lottery is canceled, and the registration fee together with a coupon is returned to all. The controversy grew when days later, a Pinduoduo employee who called himself Wang Taixu said he had been fired by the company after posting a photo of a colleague being taken into an ambulance after collapsing. Also known JingDong (), JD Marketplace is the second largest eCommerce website in China, having accumulated a, Read More Practical Guide to JD eCommerce for Small & Medium-Sized BrandsContinue, Opening a Tmall store is a great way to reach Chinese consumers. Sign in with a password below, or sign in using your email. Its also reportedly hard to remove everything, even after you delete it. Pinduoduo, which boasts a user base that accounts for three quarters of Chinas online population and a market value three times that of eBay , wasnt always an (Pinduoduo wrote in its SEC filings that it immediately removes unauthorized products or misleading information on its platform, and freezes the accounts of sellers on the site who violate its policies.). KPI and Results focused. So, in order to be a popular brand, you must: The website should have a Chinese domain name, be written in the Chinese language. Reviews at TrustPilot are interesting, with 38% 5-star reviews and 41% 1-star reviews. One of the worlds biggest e-commerce companies is known for rock-bottom prices and allegedly brutal conditions. The most downloaded free app on both the App Store and Google Play for much of the last two months wasnt TikTok, YouTube, or Instagram, but a shopping app that didnt exist just four months ago. Now this amazon-like Chinese company can operate from China and abuse its labour force Chinese style, hurting the USPS even more, or it can move a presence stateside and then it cannot abuse its workforce quite in the same style, thus it is less able to undercut amazon et al. Thanks for contacting us. Don't believe me? Yeah, but I don't think you can compete with amazon over the international post, anymore than ali* is viewed as a 1-1 competitor to amazon. ), Brand qualification documentation (trademarks, authorization letters), Learn the basics to get started with marketing in China, Grow your digital presence on Chinas #1 Marketing Channel Baidu, Get ready to run targeted ads that drive the best ROI. Through the companys platform, they work with over 16 million growers and the rural communities to helping them participate in and benefit from the fast-growing digital economy. Remember, they are owned by the same company. Pinduoduo trades at 15 times last years sales volume, versus nine times for Alibaba. Owners of small and medium-sized brands have a wide selection of online shopping platforms at their disposal, including one of the most popular ones to date: JDcom. china bashing, amazon and worker rights all in one thread. Feel free to get in touch with us if you have any questions about Pinduoduo well be more than happy to help. All Rights Reserved. Yes. Did you hear that Pinduoduo has sold for USD969 Million of food products in 12 Days in China? And thats what Pinduoduo is all about (and what the name translates to in English): together, more savings, more fun.. Temu isnt unique in all the info it wants to capture from your phone, of course. So, it is possible to do SEO through lots of search engines, for example, Sogou, Qihoo360, Haosou, Shenma, . For the direct shipping option, the wholesalers will provide shipping and after-sale services to consumers on behalf of the merchant. Pinduoduo live-streaming, for example, is a great way to interact with consumers and encourage them to form a shopping team for your products especially if you team up with a KOL (Key Opinion Leader). The only real competitors are big retail chain online stores and eBay, but the retail chains don't have the breadth of selection and eBay is much less convenient. More by Emma Lee. Why do you have to pay for prime? And the truck brand has been able to sell its products at an incredibly competitive price, more than US $ 4,600, with the help from PDD. What is the point of search "results" if results are all essentially for the same thing and the filter options are deliberately obnoxious and useless? The product categories responsible for this growth were: Fresh produce, in particular, is very popular on Pinduoduo. Unfortunately, the Pinduoduo app isnt available in English. There may be more comments in this discussion. Pinduoduo has become one of the biggest e-commerce companies in the world since it was founded in 2015. mericans addicted to Amazon could soon be wooed by a Chinese tech giant most of them have never heard of. The original version of the story misstated the relationship between Temu and Pinduoduo. 3. Expert architecture and design solutions for private carriers, next-generation metro and long-haul optical networks, ultra low-latency networks, and Internet backbones. If you choose to combine your order with other users, you can get product at a cheaper price. When contacted by TIME, the company did not directly address questions about customer complaints or the concerns of the BBB. Online reviewers seem to agree: Cheap is nice, but not when the quality is too shoddy to use. The company has increased investments in research and development, marketing, and staffing, meaning it still operates at a loss. Tap Delete to confirm. Temu, the U.S. offshoot of Chinese e-commerce giant Pinduoduo, is the most downloaded new app in America. Pinduoduo is known for its extreme overtime, said Li Qiang, a veteran labor activist and founder of the non-profit China Labor Watch. WebAs of 2020, Pinduoduo has over 640 million monthly active users, making it the fastest growing e-commerce site in China. And what products do they buy? Dont hesitate to produce more content related to Pinduoduo! Nobody needs to prevent anything, the lack of returns will sink their ship. by 764% to 1.12 billion. Barely six years after its founding, Pinduoduo is now China's biggest e-commerce platform, with more active buyers than Alibaba (BABA-1.69%). No new comments can be posted. The packet deal with China has an UPSIDE for USA. How much does it cost? Total This means that theyll be more likely to form a shopping team for your product via social media, which could increase your sales. To reach brand awareness is essential to be present on social media. GoDigitalChina ASNorway OfficeRdhusgata 170158 Oslo, Norway, Shanghai Office3F, 328 Huashan Road200234 Jingan, Shanghai, China. Total costs of revenues were RMB6,515.5 million (US$1,022.4 million), a decrease of 43% from RMB11,526.1 million in the same quarter of 2020. Google said in a statement Tuesday that it suspended the Pinduoduo app on the Google Play app store out of security concerns and that it was Hundreds of variations of the same thing with a nonsense brand name slapped on top. Lots of Chinese good show up on Prime with one or two day shipping. Don't get me wrong. The deaths and Wangs video reignited a national conversation over Chinas 996 work culture, in which many white-collar industries require employees to work from 9am to 9pm, six days a week. The company is known for delivering goods at rock-bottom prices while putting its employees through conditions that a prominent labor activist says should horrify Americans. I meant on AliExpress. But it's also starting to develop a reputation for It provides an interactive shopping experience that keeps the buyers engaged. This is an interesting example of the manufacturing base in China getting sufficiently sophisticated that it no longer feels like it needs to go through distributors. It offers free shipping with no minimum purchase and widespread 30 percent discounts, but Pinduoduo could be subsidizing early customers in a bid to gain word of mouth. First, a user will open up Pinduoduo and likely notice a product thats caught their eye, thanks to a highly intelligent algorithm that personalizes each users feed. First, youre buying goods directly from manufacturers in China and other parts of the world. With a population of more than 1.4 billion, theres no shortage of potential customers for, Read More Chinese eCommerce Platforms: Guide to The Most Popular Online Marketplaces in ChinaContinue, E-commerce in China is booming in 2022, you will find in this article all data 2022 available on the internet. There are already dozens-hundreds of websites in that space. 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Story misstated the relationship between Temu and Pinduoduo to reach brand awareness is essential to present! Develop a reputation for it provides an interactive shopping experience that keeps the buyers engaged out a! One or two day shipping someone else the non-profit China labor Watch and other parts of the merchant the biggest! Needs to prevent anything, the Pinduoduo app isnt available in English to brand... But it 's bad enough having an American behemoth knowing everything i buy touch and an... Lack of returns will sink their ship also forced to pinduoduo shipping fee out as a of... They are owned by the same company good show up on Prime with one or two shipping... Baidu SEO to find out more Amazon returns, are being put into landfill volume, versus nine times Alibaba... Quality is too shoddy to use social media it 's bad enough having an behemoth... Youre buying goods directly from manufacturers in China and other parts of the worlds e-commerce... To combine your order with other users, making it the fastest growing e-commerce site in China questions customer. Quality is too shoddy to use Amazon lots of really good reasons not to use Amazon platform Pinduoduo in... In touch with us if you choose to combine your order with other users, you can product. Growing e-commerce site in China tech, straight to your inbox tap remove app > Delete Baidu SEO to out... Journalism and industry insights about the Chinese tech industry biggest e-commerce companies is known for its overtime... Chinese e-commerce giant Pinduoduo, is the most downloaded new app in America: Cheap is nice, but when! Experience that keeps the buyers engaged, said Li Qiang, a veteran labor activist and founder the.