Pinduoduo is planning to launch more tools in the coming months beyond the automatic price adjustment feature that it introduced before the mid-year shopping event 618 as it looks to maintain its low price advantage, according to a LatePost report. The budget e-commerce platform is increasingly being hit by competitors offering lower prices for the same items. The upcoming tools are designed to “reduce merchants’ operating thresholds and decision-making costs” in an attempt to realize lower commodity prices in a simple and efficient way, the report added. LatePost also reported that Zhao Jiazhen, co-CEO of the platform’s parent company PDD and a figure who was originally in charge of its overseas business Temu, has recently retrained some of his attention on Pinduoduo. [LatePost]
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TechNode – https://technode.com/2024/06/25/pinduoduo-to-tease-more-low-price-driven-tools-amid-chinas-intense-e-commerce-battle/