![]() ![]() This helps to raise overall supply chain efficiency by cutting out unnecessary intermediaries, allowing users to enjoy lower prices and fresher produce while farmers in lower-tier cities get to earn more income, which can be reinvested to improve production. Shein's success has already attracted a number of followers in China, with Alibaba last year launching cross-border online retailer allyLikes that is aimed at North American and European markets. We facilitate direct sales between small-scale farmers and consumers. ![]() Pinduoduo has in recent years touted an increased focus on agriculture.Ĭhinese news outlet LatePost, which first reported that Pinduoduo was planning an international e-commerce platform last week, said that the company planned to emulate the model of fast fashion company Shein, which has grown rapidly to become one of the world's largest fashion marketplaces. The Chinese grocery market was worth 794 billion, and it is projected to expand by 8 by this year. However, growth at home in China has slowed amid a regulatory crackdown on Chinese tech firms and COVID curbs that have impacted the economy. Despite focusing on grocery and agriculture, the company has expanded its offerings into other sectors, including a next-day grocery delivery service, Duo Duo Grocery, which was launched in August and is now available in 25 provinces within China. The move will mark the biggest push abroad for Pinduoduo, which was founded in 2015 and broke the dominance of Alibaba and JD with rock-bottom pricing and a group buying model that encourages users to share their purchases on messaging platforms to get cheaper prices. Pinduoduo's latest revenue report put them at 30.141 (4.62 billion). Pinduoduo has 5.1 million merchants selling their products on the platform with a gross merchandise value of more than 1 trillion, or 154 million (Pinduoduo). Its fast and easy to log in securely with Duo Push, the more secure method of two-factor authentication supported by Duo Mobile. Pinduoduo did not respond to a request for comment. Pinduoduo's competitors JD.com and Alibaba reported 362 million and 711 million users at the end of 2019. ![]() By sending a push notification to that device, two-factor authentication prevents another person from accessing an accounteven if the password has been compromised. The company, a rival of Alibaba Group and JD.com in China, has briefed its merchants but details have not yet been finalized, the source said, declining to be named as the information was not public. Pinduoduo is a mobile-only marketplace that connects millions of agricultural producers with consumers across China. Two-factor authentication adds a layer of security to online accounts using a second device such as a smartphone. BEIJING, Aug 23 (Reuters) - Chinese e-commerce giant Pinduoduo (PDD.O) plans to launch a cross-border e-commerce platform next month which will target the United States as its first market, a source with direct knowledge of the matter said. ![]()
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