$Pinduoduo Inc.(PDD)$ Duoduo G

2022-06-30

$Pinduoduo Inc.(PDD)$ Duoduo Grocery (Chinese: 多多买菜), the online grocery app of e-commerce platform Pinduoduo; Meituan Select (Chinese: 美团优选) and the now-defunct Chengxin Youxuan (Chinese: 橙心优选) entered the online fresh grocery market around the same time in 2021, waging fierce price wars that prompted regulatory crackdowns.

Missfresh has so far raised USD 1.7 billion from a batch of big names, including Tencent Holdings, Goldman Sachs, CICC and Abu Dhabi Capital, according to the data provider Crunchbase. While its competitor, Dingdong Maicai, has also spooned USD 1.3 billion from seven investors including SoftBank Vision Fund II, Gaorong VC, Tiger Global Management and General Atlantic.

Nevertheless, the capital boost has also struggled to cover the continued losses of online grocers.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

財運到財源滾滾到
2022-07-01
財運到財源滾滾到
👍👏👏🤩
Toratoratora
2022-06-30
Toratoratora
k
Jaja2000
2022-06-30
Jaja2000
👍
YongSoon
2022-06-30
YongSoon
go
qwertytigger
2022-06-30
qwertytigger
ok
Venus168
2022-06-30
Venus168
Ok

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