On August 29, Pinduoduo's share price soared 8.66%, and its market value reached US $39.1 billion, overtaking Baidu as the fifth largest Internet company in China. At the same time, Pinduoduo's latest closing price of $33.64 was the highest since its listing.
According to the data source of Tencent's self selected shares, Alibaba Group's market value is $449.9 billion, the highest among Chinese Internet companies at present.
Tencent followed, with a market value of US $395.1 billion.
Meituan Dianping has a market value of $55.1 billion, ranking third. There is a big gap between the third and the first two.
JD's market value reached $44.9 billion, ranking fourth among Chinese Internet companies.
Baidu currently has a market value of $36.5 billion, ranking sixth.
NetEase's market value was 32.5 billion US dollars, ranking seventh.
The financial report shows that by the end of June, the number of active buyers of Pinduoduo platform had reached 483.2 million, a year-on-year increase of 41%, with a net increase of 139.6 million, an increase of 39.9 million over the first quarter. Among them, the average monthly active users of Pinduoduo mobile clients reached 366 million, with a net increase of 76.3 million, 88% year-on-year, and the net increase scale in a single quarter hit a record high (the caliber is Pinduoduo APP monthly active portal).
According to Dige. com, more than half of Pinduoduo's online shoppers nationwide have become Pinduoduo users. In fact, this indirectly proves that Pinduoduo is one of the driving forces behind the increase in per capita consumption.
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