PDD Holdings is a multinational commerce group credited with popularizing a more interactive form of e-commerce. Listed on the Nasdaq since 2018, PDD Holdings is the owner of one of the biggest social commerce platforms in the world.
The group generated US$14.7 billion in revenue and a US$2.2 billion net income in 2021. It also gained US$4.6 billion in net cash from operating activities in the same year due to its extensive sourcing, logistics, and fulfillment capabilities that it has honed over time.
PDD Holdings owns and operates a portfolio of businesses. Through these businesses, it is the group’s goal to redefine how online marketplaces are experienced by consumers.
Temu, The Country’s Newest Digital Marketplace
Formed through the Delaware-based Whaleco Inc., Temu is the newest e-commerce shopping site in the country and the latest addition to PDD Holdings. Launched September 2022, the online marketplace has been steadily growing in popularity, owing to its remarkable shopping features and products that highlight quality and affordability.
Temu can be accessed through its mobile app, which is available for download on both Android and iOS app stores. Customers can also create an account through Temu’s official website and receive free shipping vouchers for their first three orders.
Through PDD Holdings’ sophisticated network of suppliers, vendors, and merchants, Temu is able to bring the best products and merchandise to consumers all over the country.
Innovative Approaches
The direct connection of suppliers and consumers is in line with the Next-Gen Manufacturing approach that PDD Holdings has pioneered. It is a new model of manufacturing that uses insights into consumer preferences through their interactions with digital platforms.
Next-Gen Manufacturing helps PDD Holdings’ suppliers, many of whom are manufacturers that supply to global brands and markets, respond faster and more efficiently to ever-shifting consumer tastes. It results in increased cost-savings for customers and a consistent stream of unique products that meet the demands of the market.
These top suppliers are likewise able to offer high-quality products at such low prices because of the economies of scale that their businesses have achieved. Their investments in technology to improve their manufacturing processes have also made it feasible to sell their goods at wholesale prices.
E-Commerce For Everyone
Apart from uplifting the lives of consumers, PDD Holdings also envisions the development of local communities and small businesses from the increased productivity and new opportunities that its platforms provide.
By creating a more inclusive digital economy, the group seeks to redefine how e-commerce is experienced by both consumers and businesses.
PDD Holdings is a multinational commerce group credited with popularizing a more interactive form of e-commerce. Listed on the Nasdaq since 2018, PDD Holdings is the owner of one of the biggest social commerce platforms in the world.
The group generated US$14.7 billion in revenue and a US$2.2 billion net income in 2021. It also gained US$4.6 billion in net cash from operating activities in the same year due to its extensive sourcing, logistics, and fulfillment capabilities that it has honed over time.
PDD Holdings owns and operates a portfolio of businesses. Through these businesses, it is the group’s goal to redefine how online marketplaces are experienced by consumers.
Temu, The Country’s Newest Digital Marketplace
Formed through the Delaware-based Whaleco Inc., Temu is the newest e-commerce shopping site in the country and the latest addition to PDD Holdings. Launched September 2022, the online marketplace has been steadily growing in popularity, owing to its remarkable shopping features and products that highlight quality and affordability.
Temu can be accessed through its mobile app, which is available for download on both Android and iOS app stores. Customers can also create an account through Temu’s official website and receive free shipping vouchers for their first three orders.
Through PDD Holdings’ sophisticated network of suppliers, vendors, and merchants, Temu is able to bring the best products and merchandise to consumers all over the country.
Innovative Approaches
The direct connection of suppliers and consumers is in line with the Next-Gen Manufacturing approach that PDD Holdings has pioneered. It is a new model of manufacturing that uses insights into consumer preferences through their interactions with digital platforms.
Next-Gen Manufacturing helps PDD Holdings’ suppliers, many of whom are manufacturers that supply to global brands and markets, respond faster and more efficiently to ever-shifting consumer tastes. It results in increased cost-savings for customers and a consistent stream of unique products that meet the demands of the market.
These top suppliers are likewise able to offer high-quality products at such low prices because of the economies of scale that their businesses have achieved. Their investments in technology to improve their manufacturing processes have also made it feasible to sell their goods at wholesale prices.
E-Commerce For Everyone
Apart from uplifting the lives of consumers, PDD Holdings also envisions the development of local communities and small businesses from the increased productivity and new opportunities that its platforms provide.
By creating a more inclusive digital economy, the group seeks to redefine how e-commerce is experienced by both consumers and businesses.