Pinduoduo Is Looking to Disrupt This Giant Industry Next
Few companies have risen as fast and as furiously as Pinduoduo (NASDAQ: PDD). From a standing start five years ago, Pinduoduo has become a $100 billion market cap company, and is now the second-largest mass-market e-commerce company in China.
Pinduoduo's mission to date has been to scale up as quickly as possible and offer a wide array of goods at rock-bottom prices through its group-buying platform. Needless to say, that social discount-buying model has been a hit in these times. Yet having already amassed 683 million active buyers and 569 million monthly active users, and now accounting for roughly 25% of China's parcel delivery, this amazing company is now setting its sights on transforming the Chinese agricultural sector, which could be yet another huge opportunity.
Pinduoduo looks to disrupt Chinese agriculture. Image source: Getty Images.
Source Fool.com
