SHANGHAI—A five-year-old e-commerce app that turned discount shopping into an online game has overtaken Alibaba Group Holding Ltd. as China's most popular internet shopping site.
Pinduoduo Inc. had 788.4 million users at the end of 2020, the company said Wednesday in its quarterly earnings report, ahead of Alibaba's 779 million, as measured by the number of people who made purchases over the past 12 months.
Though Pinduoduo's annual revenue of $9.1 billion remains a fraction of Alibaba's $72 billion from its last fiscal year, it almost doubled relative to 2019, cementing the Shanghai-based company's status as the first challenger to loosen Alibaba and JD.com Inc.'s stranglehold over Chinese online consumption.
Quite a lot has been going on:
'Revenge Shopping' Expected to Ramp Up in Coming Weeks – NBC4 Washington
Making up for lost time. Are you ready to hit the stores? "Revenge shopping" is a theory that as restrictions loosen, people will head to the stores and spend a lot of money as revenge for being cooped up for so long.
"There's a pent-up demand to get out, get going and to get engaged with each other," said Gautham Vadakkepatt, the director of the Center for Retail Transformation at the School of Business, George Mason University. "And you'll see this improving across time. We'll see more people going out, we'll see these sales numbers actually going up."
Person shot multiple times at Lake Saint Louis shopping center | News Headlines | kmov.com
Officials with the Lake Saint Louis Police Department said an adult was shot multiple times at the intersection of Hawk Ridge Trail and Ronald Reagan Drive just before 7 p.m. This is at the Shops at Hawk Ridge center.
Salvation Army helps 75 Freeport area families in shopping drive
FREEPORT — Shelley Benham got emotional as she filled her arms with items from The Salvation Army intended for her granddaughters. It brought back memories of when she was a 4-year-old girl and first received help from the nonprofit.
At the time, Benham and her family lost everything in a fire. She said she remembers the kindness of strangers who helped her pick out clothing and toys to replace what she lost.
The Freeport mother and grandmother said she thinks back to that time and how overwhelmed she was, but also feeling the "kindness of others."
This may worth something:
Man charged in 12-year-old's shooting outside Cobb shopping complex
Jamarcus McClure, 20, was taken into custody Wednesday afternoon, one day after the child was struck by a stray bullet fired from an AK-47, records show.
Officers responded to the Parkway Pointe complex in the Cumberland area about 11:40 p.m. Tuesday and found the 12-year-old with a gunshot wound to the chest, The Atlanta Journal-Constitution previously reported. The bustling shopping center includes several restaurants, a movie theater and a bowling alley.
Local restaurant to host brunch, shopping crawl in Uptown Columbus
COLUMBUS, Ga. (WTVM) - If brunch and shopping local is your thing, we've got great news for you! Stock Market Dueling Kitchens is hosting a brunch crawl in Uptown Columbus next month!
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Tickets for the event go on sale March 22 and will cost $80. The ticket will get you a brunch "small bite" and drink specials from local restaurants and exclusive discounts from shops in Uptown Columbus. You will also get an event T-shirt and entries into giveaways!
The future of shopping just changed again and we're the reason why - nj.com
Matthew Harding, CEO for Levin Management at the companies St.Georges Crossing property, in Woodbridge, N.J. March, 10, 2021
How bad has the pandemic been for retailers across the nation? Even stores in New Jersey's ubiquitous strip malls that seemed bullet-proof in past economic downturns have closed as a result of a devastating 2020.
And while some stores still are struggling, a new survey of retailers in 70 New Jersey open-air strip malls offers reasons for hope – hope that leads to jobs and new shopping and buying experiences for shoppers.
Car crashes into Five Points Shopping Center in Pace, three injured | WEAR
Happening on Twitter
As Jack Ma stumbles, meet Pinduoduo, which just surpassed Alibaba as China's most popular internet shopping site by… https://t.co/1wr4i5XVAk JChengWSJ (from Beijing) Sun Mar 21 00:31:00 +0000 2021
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