On March 5th, 2020, Pinduoduo released the annual report on consumer rights protection (20 19). The report summarizes the relevant work experience and achievements of Pinduoduo's continuous improvement of governance capacity in 20 19 years from six parts: protection mechanism of consumer rights protection platform, long-term ecological "self-purification" mechanism, prevention of spillover effect of "fake highland", acceleration of intellectual property protection, and "tens of billions of subsidies" to help the whole people benefit from the epidemic situation, and strives to build an all-round consumer rights protection system.
On March 3rd, 2020, Platform Pinduoduo announced that some long-term investors had agreed to buy the newly issued Class A common stock of the company, with a total value of 1 1 billion USD, accounting for about 2.8% of the total issued shares. The transaction is expected to be completed in early April 2020.
Pinduoduo released the 20 19 annual report: revenue of 3065438+400 million, and active buyers of 580 million.
On the evening of May 13, 2020, Pinduoduo's share price rose by more than 4% to $60.32, with a market value of $72.2 billion.
On August 1 1, 2020, Pinduoduo, the largest upstream platform of agricultural products in China, officially opened the second "Agricultural Goods Festival". ?
On August 19, 2020, Pinduoduo (Shanghai) Network Technology Co., Ltd. experienced a number of industrial and commercial changes. Sun Qinci, co-founder of Pinduoduo, resigned as the company's legal representative, director and manager, and all of them were replaced by Zhu Jianwei, senior vice president of Pinduoduo. At the same time, Huang Zheng, founder of Pinduoduo, and Chen Lei, CEO of Pinduoduo, quit the company's directors and added Zhu Jianchu as the director.
In September 2020, Pinduoduo became the exclusive red envelope interactive partner of 20021Spring Festival Evening.
June 9, 2020 10 According to the information of shareholders, Hang Aimi Network Technology Co., Ltd., controlled by Chen Lei, CEO of Pinduo, is the wholly-owned controlling shareholder of Shu Hui Technology. ?
By the end of 2020, the number of active buyers for many years has reached 788.4 million, making it the largest e-commerce platform in China, with a year-on-year increase of 35% compared with 585.2 million at the end of last year. For many years, GMV was 654.38+066.76 million yuan, a year-on-year increase of 66%.