These committees include the Audit Committee, chaired by Anthony Kam, which oversees the company’s accounting and financial reporting processes and the audits of the financial statements of the company; the Compensation Committee, chaired by Qi Lu, which assists the board in reviewing and approving the compensation structure, including all forms of compensation, relating to directors and executive officers; the Nominating and Corporate Governance Committee, chaired by George Yeo, which assists the board of directors in selecting individuals qualified to become the company’s directors and in determining the composition of the board and its committees.Pinduoduo is known for its interactivity and value-for-money offers that has been described as a combination of the best features of Costco and Disney. This helps to aggregate demand to lower down the cost of production and logistics.It is also the biggest online marketplace in China for agricultural produce, and is known for applying consumer insights to help revamp the traditional supply chains to benefit both consumers and producers. In November 2018, Pinduoduo launched an online Intellectual Property Protection portal to communicate with brand owners.In 2020, Pinduoduo introduced mini programs that enable users to verify the authenticity of branded products. The Pinduoduo mobile platform offers a comprehensive selection of attractively priced merchandise, featuring a dynamic social shopping experience that leverages social networks effectively. It is also one of the world's largest internet companies. The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates.
The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders upon request. One special feature is its use of team purchasesTeam purchase is built upon a distributed AI infrastructure where user behavior could be influenced by their circle of trust and environment. Pinduoduo ranks just behind Alibaba Group with close to 600 million users and recorded 1 trillion yu The cooperation covers joint research and development, design and manufacturing as well as marketing.With export orders for Chinese manufacturers being hit in the wake of the Covid-19 pandemic, Pinduoduo extended its C2M initiative to target export manufacturers that were looking to pivot to fulfill domestic consumption. The mini programs are tailored to the unique features of each brand and provide consumers with the manufacturing information and supply chain details of the product they have purchased.
Its 10x penalty policy is the strictest among all platforms in China. These funds are then disbursed to affected consumers as a compensation. By cutting down on unnecessary production, less resources are needed and the cost savings can be passed on to consumers. Pinduoduo Inc. (PDD) SEC Filing 20-F Annual report for the fiscal year ending Tuesday, December 31, 2019 The Investor Relations website contains information about Pinduoduo Inc.'s business for stockholders, potential investors, and financial analysts.