PDD Pinduoduo Inc. Sponsored ADR Class A

Pinduoduo Champions “Tech for Agri”

Pinduoduo Champions “Tech for Agri”

SHANGHAI, China, Aug. 25, 2022 (GLOBE NEWSWIRE) -- Pinduoduo, the internet platform that connects millions of farmers and consumers directly through its interactive e-commerce platform, continues to spearhead its “Tech for Agri” effort in using technology to drive agricultural modernization.

Since its beginnings as an online fresh produce retailer, Pinduoduo has identified technology as the key to driving efficiency gains and boosting farmer incomes. The company has made its “Tech for Agri” vision a core priority, with a focus on increasing market accessibility through its e-commerce platform, improving digital inclusion and literacy through tailor-made online training programs, and fostering innovation to deliver a productivity leapfrog by promoting agritech solutions and horticultural breakthroughs.

“Technology will unlock the full potential of agriculture and allow the sector to reap the benefits of the digital economy,” said Chen Lei, Chairman and CEO of Pinduoduo. “At Pinduoduo, we champion ‘Tech for Agri’ and promote the use of technology for agriculture.”

Founded in 2015, Pinduoduo has grown to become a major digital platform with more than 880 million users. More than 16 million farmers have connected to the digital economy through the platform. The company has used the platform’s unique position to solve practical problems that consumers and farmers face.

Market Access

Pinduoduo’s digital platform has helped millions of consumers discover new agricultural specialties. Millions of farmers now have the opportunity to boost their incomes through direct access to a wider consumer market. The increased transparency and communication channel have led to more productive planning and coordination in food production and distribution.

Digital Skills

To ensure that farmers who are generally less tech equipped have the right digital skills and to enlarge the talent pool for agriculture, Pinduoduo has developed a comprehensive suite of online courses to teach farmers how to start and grow their online businesses. The company has trained more than 100,000 e-commerce savvy “New Farmers,” who have gone on inspire others in their communities to follow suit.

Fostering Horticulture Innovation

Pinduoduo works with top universities globally to explore how to fundamentally drive the productivity of agriculture while reducing its impact on the environment.

The company has been organizing annual Smart Agriculture Competitions since 2020 that challenge data scientists and agricultural researchers to develop practical precision farming technology as part of efforts to promote sustainable, innovation-led growth in agriculture.

The current edition of the competition involves a vertical farming challenge, where participants can gain first-hand experience of this innovative mode of agricultural production.

About Pinduoduo Inc.

Pinduoduo connects millions of agricultural producers with consumers across China. Pinduoduo aims to leverage technology to bring more businesses and people into the digital economy so that local communities can benefit from increased productivity and create value through new market opportunities. For more information on Pinduoduo, please visit the content hub at .

A photo accompanying this announcement is available at

Source: Pinduoduo Inc. 



For media inquiries, please contact:

 
EN
25/08/2022

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Pinduoduo Inc. Sponsored ADR Class A

 PRESS RELEASE

PDD Holdings Files Annual Report on Form 20-F for Fiscal Year 2024

PDD Holdings Files Annual Report on Form 20-F for Fiscal Year 2024 DUBLIN and SHANGHAI, April 28, 2025 (GLOBE NEWSWIRE) -- PDD Holdings Inc. (“PDD Holdings” or the “Company”) (NASDAQ: PDD) today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission (“SEC”) on April 28, 2025. The annual report can be accessed on the Company’s investor relations website at  as well as the SEC’s website at . The Company will provide a hard copy of its annual report containing the audited consolidated financial stat...

Julia Pan Mengyao ... (+2)
  • Julia Pan Mengyao
  • Ming San Soong

China Internet: Navigating headwinds and uncovering opportunities upon...

Chinese internet companies’ share prices have dropped 10-30% mtd following the implementation of incremental tariffs from the US. Chinese internet companies have limited business exposure to the US except for PDD’s Temu. However, the 34% tariffs announced by China on all US imports could have potential implications for China mega-caps’ AI capex in relation to US chip imports. We prefer domestic-focused plays which stand to benefit from domestic policy stimuli, with Southbound inflow to be a key ...

Jo Yee Ng ... (+9)
  • Jo Yee Ng
  • Julia Pan Mengyao
  • Keith Wee Teck Keong
  • Kitpon Praipaisarnkit
  • Ming San Soong
  • Paula Ruth
  • Roy Chen Chengzhi
  • Tanaporn Visaruthaphong
  • Thailand Research Team

Regional Morning Meeting Notes: Wednesday, April 09, 2025

GREATER CHINA Sector Internet Navigating headwinds and uncovering opportunities upon tariff pressures. INDONESIA Update Erajaya Swasembada (ERAA IJ/BUY/Rp348/Target: Rp480) Iphone 16 series to be available in 2Q25. Maintain BUY. MALAYSIA Update Matrix Concepts Holdings (MCH MK/BUY/RM1.27/Target: RM1.66) We view the RPT deal as fair and strategic as the acquisition allows Matrix to see faster ro...

Julia Pan Mengyao ... (+2)
  • Julia Pan Mengyao
  • Ming San Soong

PDD Holdings (PDD US): 4Q24: Earnings largely in line; revenue miss on...

PDD’s 4Q24 results were below expectations. Revenue increased 24% yoy to Rmb110.6b, missing consensus estimates by 5%, dampened by softer-than-expected online ad revenue growth. Non-GAAP net profit grew 17% yoy to Rmb29.9b, 4% above consensus estimate. Non-GAAP net margin shrank 2ppt to 27%. Looking ahead, PDD expects its top-line growth to continue being impacted by its merchant support strategy and profitability should remain under pressure. Maintain BUY. Target price: US$140.00.

Bella Lu Yifei ... (+12)
  • Bella Lu Yifei
  • Carol Dou Xiao Qin
  • Colin Lee
  • Gigi Cheuk
  • Greater China Research Team
  • Johnny Yum Chung Man
  • Julia Pan Mengyao
  • Kate Luang
  • Ken Lee
  • Kenny Yong Hui Lim
  • Ming San Soong
  • Sunny Chen

Greater China Daily: Friday, March 21, 2025

KEY HIGHLIGHTS Results AAC Technologies (2018 HK/BUY/HK$52.05/Target: HK$57.70) AAC’s 2H24’s earnings grew 114% yoy which exceeded expectations, thanks to a solid beat in the precision mechanics business, although this was partially offset by weaker margins from the optics and MEMs businesses. Nevertheless, we continue to expect solid revenue growth and margin expansion in 2025, driven by increasing exposure from the automotive acoustics business and edge AI-related components. Upgrade to BUY ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch