Taobao attracts almost 1 million merchants from Pinduoduo this yr: sources

Approximately 1 million Pinduoduo merchants have established on-line shops on Alibaba’s Taobao, in line with sources accustomed to the matter. This determine accounts for practically 20% of Taobao’s 5 million new merchants this yr. To assess new entries on the platform, questionnaires are administered, inquiring about their prior expertise working offline or on-line shops on different platforms. As the value struggle intensifies within the Chinese e-commerce trade, small- and medium-sized companies play a significant function as suppliers of low-priced items. In order to compete for market share, conventional platforms like JD and the quick video app Douyin have additionally lowered the edge for people to open their very own shops this yr. [TechNode reporting]