China's Instagram-like Xiaohongshu making inroads with e-commerce sales [Yahoo! Finance]
PDD Holdings Inc. - American Depositary Shares (PDD)
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Source: Yahoo! Finance
and fashion events on Chinese social media eight years ago, she has built up a following of more than 500,000 people. While that is a drop in the vast ocean of China's consumer market, Feng and brands she works with have found her audience - mainly financially independent urban Chinese women - is willing to spend. A recent switch to livestream selling on social media platform Xiaohongshu three months ago has seen Feng sell everything from a 15,000 yuan ($2,060) Carven suit to her favorite brand of rice that costs 60 yuan for a 1 kg bag. Xiaohongshu, sometimes compared to Instagram, has long been one of China's most important marketing tools. It has made several e-commerce pushes over the past decade without much success. But now, consultants say brands, especially those peddling niche and high-end products, are finally seeing sales breaking through this year amid a difficult retail environment. While retailers have been forced by penny-pinching consumers into heavy discounti
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PDD
News
- China's Instagram-like Xiaohongshu making inroads with e-commerce sales [Yahoo! Finance Canada]Yahoo! Finance Canada
- China Watchdog Orders Temu-Owner PDD to Fix Refunds Policy [Yahoo! Finance Canada]Yahoo! Finance Canada
- China Watchdog Orders Temu-Owner PDD to Fix Refunds Policy [Yahoo! Finance Canada]Yahoo! Finance Canada
- Neil Shen Leads Forbes China List Of Top VC Investors For Seventh Year [Forbes]Forbes
- China's New Top Diplomat In New York Hopes For “Beginner's Luck” [Forbes]Forbes
PDD
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- 11/21/24 - Beat
PDD
Sec Filings
- 12/20/24 - Form 6-K
- 12/9/24 - Form 144
- 11/27/24 - Form 6-K
- PDD's page on the SEC website