Douyin E-commerce Aims for RMB 4 Trillion GMV by 2024, Surpassing Pinduoduo

Quick Summary:

Pinduoduo’s GMV was RMB 4.05 trillion in 2023.

The post Douyin E-commerce targets RMB 4 trillion GMV in 2024, measuring up to Pinduoduo appeared first on KrASIA.

A source close to Douyin’s e-commerce unit has exclusively revealed to 36Kr that, in 2023, the ByteDance-owned company achieved a gross merchandise volume (GMV) of approximately RMB 2.7 trillion (USD 375 billion).

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Article Details

Author / Journalist: 36Kr English

Category: TechnologyStartupsBusiness

Markets: China

Topics: Bytedance E-commerce Douyin Pinduoduo

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-04 @ 04:30:07 (1 months ago)

News Timezone: GMT +8:00

News Source URL: kr-asia.com

Language: English

Article Length: 86 words

Reading Time: 1 minutes read

Sentences: 30 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © KrASIA

News ID: 21149945

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