PDD's Pinduoduo Reportedly to Invest Nearly $14 Billion to Support Merchants, Enhance e-Commerce Ecosystem-February 2024-www.financetom.com

PDD's Pinduoduo Reportedly to Invest Nearly $14 Billion to Support Merchants, Enhance e-Commerce Ecosystem

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

PDD's Pinduoduo Reportedly to Invest Nearly $14 Billion to Support Merchants, Enhance e-Commerce Ecosystem

Apr 3, 2025 4:22 AM

07:02 AM EDT, 04/03/2025 (MT Newswires) -- PDD Holdings' ( PDD ) Pinduoduo will reportedly invest over 100 billion renminbi ($13.76 billion) over the next three years to support platform merchants, multiple media outlets reported Thursday, citing the bargain shopping platform.

The investment will go toward capital, traffic, and other resources to strengthen its e-commerce ecosystem, The Wall Street Journal reported.

PDD Holdings ( PDD ) shares were down nearly 5% in recent premarket activity.

PDD Holdings ( PDD ) did not immediately respond to requests for comment from MT Newswires.

Previous page： D-Market Elektronik Hizmetler ve Ticaret's Q3 Loss Widens, Revenue Increases Next page： ChipMOS Technologies Posts 2.1% Decline in November Revenue

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

D-Market Elektronik Hizmetler ve Ticaret's Q3 Loss Widens, Revenue Increases

Dec 10, 2024

06:42 AM EST, 12/10/2024 (MT Newswires) -- D-Market Elektronik Hizmetler ve Ticaret (HEPS) reported a Q3 loss Tuesday of 0.96 Turkish lira ($0.028) per diluted share, widening from a loss of 0.88 Turkish lira a year earlier. Revenue for the quarter ended Sept. 30 was 12.24 billion Turkish lira, up from 12.04 billion Turkish lira a year earlier. No analyst...

ChipMOS Technologies Posts 2.1% Decline in November Revenue

Dec 10, 2024

06:36 AM EST, 12/10/2024 (MT Newswires) -- ChipMOS Technologies ( IMOS ) on Tuesday reported revenue of 1.83 billion New Taiwan dollars ($56.4 million), down 2.1% from a year earlier. Revenue for the month was 2.8% higher than October revenue, the company said. ...

MongoDB Lifts Full-Year Outlook After Quarterly Beat; Expects Atlas Consumption Slowdown in Fourth Quarter

Dec 10, 2024

06:35 AM EST, 12/10/2024 (MT Newswires) -- MongoDB ( MDB ) raised its full-year outlook and reported better-than-expected fiscal third-quarter results, but the database software maker forecast a consumption slowdown for its Atlas cloud platform in the ongoing quarter, sending its shares down early Tuesday. Adjusted earnings are now set to be in a range of $3.01 to $3.03 per...

Fortuna Mining Releases Updated Mineral Reserves, Mineral Resources for Seguela Mine

Dec 10, 2024

06:42 AM EST, 12/10/2024 (MT Newswires) -- Fortuna Mining ( FSM ) on Tuesday released updated mineral reserves and mineral resources for the Seguela mine in Cote d'Ivoire. The new inferred resources include more than 500,000 gold ounces. Proven and probable mineral reserves are reported containing 1.0 million ounces of gold. Measured and indicated resources exclusive of mineral reserves are...