Pinduoduo targets US$150 billion total sales for Chinese brands in new five-year initiative

//Pinduoduo targets US$150 billion total sales for Chinese brands in new five-year initiative

Pinduoduo targets US$150 billion total sales for Chinese brands in new five-year initiative

Social e-commerce giant Pinduoduo has promised to help local manufacturers develop new home-grown brands and achieve 1 trillion yuan (US$150 billion) in total sales over the next five years, as China sharpens its focus on building up its domestic consumer market.Shanghai-based Pinduoduo, the country’s second-biggest e-commerce services provider by number of annual active buyers, unveiled the latest iteration of its customer-to-manufacturer (C2M) initiative on Thursday, falling in line with…

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By | 2020-10-23T09:26:15+00:00 October 23rd, 2020|Technology|Comments Off on Pinduoduo targets US$150 billion total sales for Chinese brands in new five-year initiative