3. Pinduoduo $1.37B
Round: Series D
Description: Shanghai-based Pinduoduo is a Chinese e-commerce platform that allows users to participate in group buying deals, mostly through Tencent’s Wechat app. Founded in 2015 by Colin Huang, Pinduoduo has now raised a total of $1.7B in reported equity funding over four rounds.
Industry: E-Commerce, E-Commerce Platforms, Group Buying
Date of funding: April 11
Location: Shanghai
Total equity funding raised: $1.7B
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