[{"_1":2,"_85":-5,"_86":-5},"loaderData",{"_3":4,"_10":11},"root",{"_5":-5,"_6":7},"user","ENV",{"_8":9},"GA_MEASUREMENT_ID","G-FZLJC5WJDF","routes/posts._index",{"_12":13,"_75":76,"_84":78},"posts",[14],{"_15":16,"_17":18,"_19":20,"_21":22,"_23":24,"_25":26,"_27":28,"_29":30,"_31":32,"_33":34,"_35":36,"_37":38,"_39":-5,"_40":41,"_42":43,"_53":54,"_68":69,"_70":71,"_72":73,"_74":36},"documentId","ftoj5v4wz6jy2opd1hvlf9il","title","Pinduoduo Outstrips Baidu as Fifth Largest Internet Company in China","slug","pinduoduo-outstrips-baidu-as-fifth-largest-internet-company-in-china","excerpt","According to Tencent Technological News, Chinese group buying e-commerce platform Pinduoduo surpassed Baidu in market value, becoming the fifth largest Internet company in China. ","content","\n

According to Tencent Technological News, Chinese group buying e-commerce platform Pinduoduo surpassed Baidu in market value, becoming the fifth largest Internet company in China. The company’s share prices surged 8.66% on August 29, increasing its market cap to $39.1 billion.

\n\n\n

Pinduoduo’s quarterly earnings have been consistently beating market expectations. In the second quarter ended June 30, the total revenue of the company reached $1,061.9 million, a 169% year-over-year increase that exceeded the $879 million predicted by analysts. The average monthly active users of Pinduoduo also soared in the second quarter to 366 million, an increase of 88% over last year, while the number of active buyers for the quarter ended June 30 was 483.2 million, a 41% year-on-year upturn.

\n\n\n\n

Baidu's share prices rose 1.20% on Thursday, closing at $104.83. The company’s previous earnings report showed second quarter earnings of $3.835 billion, a mere 1% year-on-year increase. The search giant’s net profit fell by 62% since last year. However, the company’s second-quarter results still managed to exceed market expectations.

\n\n\n\n

\n\n\n\n

As of August 30, Alibaba Group's market capitalization was $449.9 billion, making it the Internet company with the highest market value in China, followed by Tencent in the second place with a market cap of $391.5 billion. Meituan-Dianping came in third with $55.1 billion in value, leaving the fourth place for JD.com at $45.2 billion.

\n\n\n\n

Colin Huang, founder and CEO of Pinduoduo ranked seventh among the Top 10 richest people in Mainland China and 46th in the world with an estimated net-worth of $17.4 billion.

\n","publishedDate","2025-06-24T23:26:14.905Z","featured",false,"viewCount",0,"readingTime",2,"status","draft","language","en","originalWordPressId",19722,"featuredImage","featuredImageUrl","https://assets.pandaily.com/uploads/2019/08/pinduoduo.jpg","categories",[44],{"_15":45,"_46":47,"_19":48,"_49":50,"_51":52},"g4fec3qxgdgpnifg4f4r7n0q","name","Industry","industry","color","#000000","description","","tags",[55,60,64],{"_15":56,"_46":57,"_19":58,"_49":59,"_51":52},"njwm066t5dgnkyahw9o23jvu","Tencent","tencent","#6366f1",{"_15":61,"_46":62,"_19":63,"_49":59,"_51":52},"w0jddsa493afvf6rc1oeyxxr","Baidu","baidu",{"_15":65,"_46":66,"_19":67,"_49":59,"_51":52},"gjdk6y3k5ex6lxqe2xqx02ct","Pinduoduo","pinduoduo","createdAt","2025-06-24T22:20:29.302Z","updatedAt","2025-06-24T23:26:14.851Z","publishedAt","2025-06-24T23:26:14.884Z","locale","pagination",{"_77":78,"_79":80,"_81":78,"_82":83},"page",1104,"pageSize",12,"pageCount","total",13237,"currentPage","actionData","errors"]

All Posts

Pinduoduo Outstrips Baidu as Fifth Largest Internet Company in China