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Pinduoduo Station

Pinduoduo Station

SHANGHAI, CHINA - MAY 11, 2025 - A Pinduoduo Station in Shanghai, China on May 11, 2025.

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Pinduoduo Station

Pinduoduo Station

SHANGHAI, CHINA - MAY 11, 2025 - A Pinduoduo Station in Shanghai, China on May 11, 2025.

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Pinduoduo Station

Pinduoduo Station

SHANGHAI, CHINA - MAY 11, 2025 - Staff members load express packages with electric tricycles In front of a Pinduoduo Station in Shanghai, China on May 11, 2025.

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Pinduoduo Station

Pinduoduo Station

SHANGHAI, CHINA - MAY 11, 2025 - Staff members load express packages with electric tricycles In front of a Pinduoduo Station in Shanghai, China on May 11, 2025.

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Pinduoduo Station

Pinduoduo Station

SHANGHAI, CHINA - MAY 11, 2025 - A Pinduoduo Station in Shanghai, China on May 11, 2025.

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Illustration Pinduoduo

Illustration Pinduoduo

CHONGQING, CHINA - APRIL 14, 2025 - A Pinduoduo logo is displayed on a smartphone in Chongqing, China on April 14, 2025.

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Illustration Pinduoduo

Illustration Pinduoduo

CHONGQING, CHINA - APRIL 14, 2025 - A Pinduoduo logo is displayed on a smartphone in Chongqing, China on April 14, 2025.

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Illustration Pinduoduo

Illustration Pinduoduo

CHONGQING, CHINA - APRIL 14, 2025 - A Pinduoduo logo is displayed on a smartphone in Chongqing, China on April 14, 2025.

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Illustration Pinduoduo

Illustration Pinduoduo

CHONGQING, CHINA - APRIL 14, 2025 - A Pinduoduo logo is displayed on a smartphone in Chongqing, China on April 14, 2025.

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Temu Business Suspended in Vietnam

Temu Business Suspended in Vietnam

Visitors visit the stand of Pinduoduo's Temu at a fashion exhibition in Hangzhou, Zhejiang province, China, Dec 5, 2024.

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Temu Business Suspended in Vietnam

Temu Business Suspended in Vietnam

Visitors visit the stand of Pinduoduo's Temu at a fashion exhibition in Hangzhou, Zhejiang province, China, Dec 5, 2024.

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Temu Business Suspended in Vietnam

Temu Business Suspended in Vietnam

Visitors visit the stand of Pinduoduo's Temu at a fashion exhibition in Hangzhou, Zhejiang province, China, Dec 5, 2024.

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Temu Business Suspended in Vietnam

Temu Business Suspended in Vietnam

Visitors visit the stand of Pinduoduo's Temu at a fashion exhibition in Hangzhou, Zhejiang province, China, Dec 5, 2024.

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Pinduoduo Subsidy Policy

Pinduoduo Subsidy Policy

YICHANG, CHINA - SEPTEMBER 12, 2024 - The policy page of Pindoduo "10 billion subsidy" is displayed on a mobile phone in Yichang city, Hubei province, China, September 12, 2024. After the launch of Pinduoduo "10 billion reduction" series of policies, received positive feedback from the majority of merchants, in order to continue to help merchants improve quality and efficiency, Pinduoduo upgraded the merchant service fee refund rights and interests again, and the technical service fee of the first use and pay orders was reduced from 1% to 0.6%, which has covered the full number of merchants.

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Pinduoduo Subsidy Policy

Pinduoduo Subsidy Policy

YICHANG, CHINA - SEPTEMBER 12, 2024 - The policy page of Pindoduo "10 billion subsidy" is displayed on a mobile phone in Yichang city, Hubei province, China, September 12, 2024. After the launch of Pinduoduo "10 billion reduction" series of policies, received positive feedback from the majority of merchants, in order to continue to help merchants improve quality and efficiency, Pinduoduo upgraded the merchant service fee refund rights and interests again, and the technical service fee of the first use and pay orders was reduced from 1% to 0.6%, which has covered the full number of merchants.

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Pinduoduo Subsidy Policy

Pinduoduo Subsidy Policy

YICHANG, CHINA - SEPTEMBER 12, 2024 - The policy page of Pindoduo "10 billion subsidy" is displayed on a mobile phone in Yichang city, Hubei province, China, September 12, 2024. After the launch of Pinduoduo "10 billion reduction" series of policies, received positive feedback from the majority of merchants, in order to continue to help merchants improve quality and efficiency, Pinduoduo upgraded the merchant service fee refund rights and interests again, and the technical service fee of the first use and pay orders was reduced from 1% to 0.6%, which has covered the full number of merchants.

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Pinduoduo at the China Independent Brand Expo in Shanghai

Pinduoduo at the China Independent Brand Expo in Shanghai

SHANGHAI, CHINA - MAY 12, 2021 - E-commerce giant Pindoduo becomes a trading service platform for many time-honored products at the China Independent Brand Expo in Shanghai, China, May 12, 2021.

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Pinduoduo at the China Independent Brand Expo in Shanghai

Pinduoduo at the China Independent Brand Expo in Shanghai

SHANGHAI, CHINA - MAY 12, 2021 - E-commerce giant Pindoduo becomes a trading service platform for many time-honored products at the China Independent Brand Expo in Shanghai, China, May 12, 2021.

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Pinduoduo at the China Independent Brand Expo in Shanghai

Pinduoduo at the China Independent Brand Expo in Shanghai

SHANGHAI, CHINA - MAY 12, 2021 - E-commerce giant Pindoduo becomes a trading service platform for many time-honored products at the China Independent Brand Expo in Shanghai, China, May 12, 2021.

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Pinduoduo at the China Independent Brand Expo in Shanghai

Pinduoduo at the China Independent Brand Expo in Shanghai

SHANGHAI, CHINA - MAY 12, 2021 - E-commerce giant Pindoduo becomes a trading service platform for many time-honored products at the China Independent Brand Expo in Shanghai, China, May 12, 2021.

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Pinduoduo at the China Independent Brand Expo in Shanghai

Pinduoduo at the China Independent Brand Expo in Shanghai

SHANGHAI, CHINA - MAY 12, 2021 - E-commerce giant Pindoduo becomes a trading service platform for many time-honored products at the China Independent Brand Expo in Shanghai, China, May 12, 2021.

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Pinduoduo Market Value Plummeted

Pinduoduo Market Value Plummeted

SUQIAN, CHINA - AUGUST 27, 2024 - Illustration Pindoduo's market value wiped out $55.4 billion, Suqian city, Jiangsu province, China, August 27, 2024.

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Pinduoduo Market Value Plummeted

Pinduoduo Market Value Plummeted

SUQIAN, CHINA - AUGUST 27, 2024 - Illustration Pindoduo's market value wiped out $55.4 billion, Suqian city, Jiangsu province, China, August 27, 2024.

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Pinduoduo Market Value Plummeted

Pinduoduo Market Value Plummeted

SUQIAN, CHINA - AUGUST 27, 2024 - Illustration Pindoduo's market value wiped out $55.4 billion, Suqian city, Jiangsu province, China, August 27, 2024.

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Pinduoduo Market Value Plummeted

Pinduoduo Market Value Plummeted

SUQIAN, CHINA - AUGUST 27, 2024 - Illustration Pindoduo's market value wiped out $55.4 billion, Suqian city, Jiangsu province, China, August 27, 2024.

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Pinduoduo Market Value Plummeted

Pinduoduo Market Value Plummeted

SUQIAN, CHINA - AUGUST 27, 2024 - Illustration Pindoduo's market value wiped out $55.4 billion, Suqian city, Jiangsu province, China, August 27, 2024.

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Pinduoduo Market Value Plummeted

Pinduoduo Market Value Plummeted

SUQIAN, CHINA - AUGUST 27, 2024 - Illustration Pindoduo's market value wiped out $55.4 billion, Suqian city, Jiangsu province, China, August 27, 2024.

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Pinduoduo Market Value Plummeted

Pinduoduo Market Value Plummeted

SUQIAN, CHINA - AUGUST 27, 2024 - Illustration Pindoduo's market value wiped out $55.4 billion, Suqian city, Jiangsu province, China, August 27, 2024.

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Pinduoduo Stock Decline

Pinduoduo Stock Decline

HANGZHOU, CHINA - NOVEMBER 23, 2023 - Visitors visit the booth of Pinduoduo at the 2nd Global Digital Trade Fair 2023 in Hangzhou, east China's Zhejiang province, Nov 23, 2023.

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Pinduoduo Stock Decline

Pinduoduo Stock Decline

HANGZHOU, CHINA - NOVEMBER 23, 2023 - Photo taken on Nov 23, 2023 shows the Pinduoduo logo at the 2nd Global Digital Trade Expo 2023 in Hangzhou, East China's Zhejiang province.

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Pinduoduo Stock Decline

Pinduoduo Stock Decline

HANGZHOU, CHINA - NOVEMBER 23, 2023 - Visitors visit the booth of Pinduoduo at the 2nd Global Digital Trade Fair 2023 in Hangzhou, east China's Zhejiang province, Nov 23, 2023.

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Pinduoduo Stock Decline

Pinduoduo Stock Decline

HANGZHOU, CHINA - NOVEMBER 23, 2023 - Visitors visit the booth of Pinduoduo at the 2nd Global Digital Trade Fair 2023 in Hangzhou, east China's Zhejiang province, Nov 23, 2023.

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Illustration Pinduoduo

Illustration Pinduoduo

SUQIAN, CHINA - AUGUST 26, 2024 - Illustration Pinduoduo, Suqian city, Jiangsu Province, China, Aug 26, 2024. Revenue in the second quarter of 2024 was 97.06 billion yuan, an increase of 86% year-on-year.

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Illustration Pinduoduo

Illustration Pinduoduo

SUQIAN, CHINA - AUGUST 26, 2024 - Illustration Pinduoduo, Suqian city, Jiangsu Province, China, Aug 26, 2024. Revenue in the second quarter of 2024 was 97.06 billion yuan, an increase of 86% year-on-year.

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Illustration Pinduoduo

Illustration Pinduoduo

SUQIAN, CHINA - AUGUST 26, 2024 - Illustration Pinduoduo, Suqian city, Jiangsu Province, China, Aug 26, 2024. Revenue in the second quarter of 2024 was 97.06 billion yuan, an increase of 86% year-on-year.

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Illustration Pinduoduo

Illustration Pinduoduo

SUQIAN, CHINA - AUGUST 26, 2024 - Illustration Pinduoduo, Suqian city, Jiangsu Province, China, Aug 26, 2024. Revenue in the second quarter of 2024 was 97.06 billion yuan, an increase of 86% year-on-year.

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Illustration Pinduoduo

Illustration Pinduoduo

SUQIAN, CHINA - AUGUST 26, 2024 - Illustration Pinduoduo, Suqian city, Jiangsu Province, China, Aug 26, 2024. Revenue in the second quarter of 2024 was 97.06 billion yuan, an increase of 86% year-on-year.

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Illustration Pinduoduo

Illustration Pinduoduo

SUQIAN, CHINA - AUGUST 26, 2024 - Illustration Pinduoduo, Suqian city, Jiangsu Province, China, Aug 26, 2024. Revenue in the second quarter of 2024 was 97.06 billion yuan, an increase of 86% year-on-year.

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Illustration Pinduoduo

Illustration Pinduoduo

SUQIAN, CHINA - AUGUST 26, 2024 - Illustration Pinduoduo, Suqian city, Jiangsu Province, China, Aug 26, 2024. Revenue in the second quarter of 2024 was 97.06 billion yuan, an increase of 86% year-on-year.

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Temu To Be Iinvestigated in Thailand

Temu To Be Iinvestigated in Thailand

SUQIAN, CHINA - AUGUST 6, 2024 - Illustration Temu to be investigated in Thailand, Suqian city, Jiangsu Province, China, August 6, 2024.

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Temu To Be Iinvestigated in Thailand

Temu To Be Iinvestigated in Thailand

SUQIAN, CHINA - AUGUST 6, 2024 - Illustration Temu to be investigated in Thailand, Suqian city, Jiangsu Province, China, August 6, 2024.

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Temu To Be Iinvestigated in Thailand

Temu To Be Iinvestigated in Thailand

SUQIAN, CHINA - AUGUST 6, 2024 - Illustration Temu to be investigated in Thailand, Suqian city, Jiangsu Province, China, August 6, 2024.

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TAOBAO Refunds Only

TAOBAO Refunds Only

SUQIAN, CHINA - AUGUST 3, 2024 - Illustration Refunds Only, Suqian, Jiangsu Province, China, August 3, 2024. Recently, Taobao announced that it will put forward a series of adjustments to the "refund only" from August 9. According to the new regulations, high-quality merchants will not be actively involved by the platform to ask for a "refund only".

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TAOBAO Refunds Only

TAOBAO Refunds Only

SUQIAN, CHINA - AUGUST 3, 2024 - Illustration Refunds Only, Suqian, Jiangsu Province, China, August 3, 2024. Recently, Taobao announced that it will put forward a series of adjustments to the "refund only" from August 9. According to the new regulations, high-quality merchants will not be actively involved by the platform to ask for a "refund only".

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TAOBAO Refunds Only

TAOBAO Refunds Only

SUQIAN, CHINA - AUGUST 3, 2024 - Illustration Refunds Only, Suqian, Jiangsu Province, China, August 3, 2024. Recently, Taobao announced that it will put forward a series of adjustments to the "refund only" from August 9. According to the new regulations, high-quality merchants will not be actively involved by the platform to ask for a "refund only".

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TAOBAO Refunds Only

TAOBAO Refunds Only

SUQIAN, CHINA - AUGUST 3, 2024 - Illustration Refunds Only, Suqian, Jiangsu Province, China, August 3, 2024. Recently, Taobao announced that it will put forward a series of adjustments to the "refund only" from August 9. According to the new regulations, high-quality merchants will not be actively involved by the platform to ask for a "refund only".

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TAOBAO Refunds Only

TAOBAO Refunds Only

SUQIAN, CHINA - AUGUST 3, 2024 - Illustration Refunds Only, Suqian, Jiangsu Province, China, August 3, 2024. Recently, Taobao announced that it will put forward a series of adjustments to the "refund only" from August 9. According to the new regulations, high-quality merchants will not be actively involved by the platform to ask for a "refund only".

  •  
TAOBAO Refunds Only

TAOBAO Refunds Only

SUQIAN, CHINA - AUGUST 3, 2024 - Illustration Refunds Only, Suqian, Jiangsu Province, China, August 3, 2024. Recently, Taobao announced that it will put forward a series of adjustments to the "refund only" from August 9. According to the new regulations, high-quality merchants will not be actively involved by the platform to ask for a "refund only".

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TAOBAO Refunds Only

TAOBAO Refunds Only

SUQIAN, CHINA - AUGUST 3, 2024 - Illustration Refunds Only, Suqian, Jiangsu Province, China, August 3, 2024. Recently, Taobao announced that it will put forward a series of adjustments to the "refund only" from August 9. According to the new regulations, high-quality merchants will not be actively involved by the platform to ask for a "refund only".

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Illustration TEMU

Illustration TEMU

SUQIAN, CHINA - JULY 30, 2024 - Illustration Cross-border e-commerce platform Temu, Suqian, Jiangsu province, China, July 30, 2024.

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