Marketing News
Fastest Growing E-commerce Company in China: Pingduoduo Recently, a company named Pinduoduo (PDD), which public a social E-commerce app, are very popular in China. Because I like shopping, I noticed DPP's app and have some shopping experience in this company. There is more and more e-commerce app/company with the prevalence of online shopping in China, such as Taobao, Tmall, JD.com, Weipinhui. Pingduoduo was launch in 2015, it just takes about a year to grow their platform users from 15 million to 195 million. Why they are developing that fast? According to research, the primary customer of PDD is the less educated female that lives in small cities or 3rd cities. Also, most of these consumers are above 40 years old. The most crucial incentives PDD attracting those people (the group of mid-age female always looking for bargain-basement prices ) to purchase on their app is the group-buying discounts as deep as 90%. By shar...