Kul Bhushan · · 1 min readPinduoduo’s online grocery arm to launch delivery pickup service
Duoduo Maicai, the online grocery vertical of China-based ecommerce giant Pinduoduo, may launch a delivery pickup service similar to Alibaba’s Cainiao Yizhan, Technode reported.
Duoduo has reportedly partnered with China’s top courier service providers – China Post, ZTO Express, and Yunda Express. The firm is paying delivery merchants up to US$471 in subsidies to join the new platform.
Launched in August 2020, Duoduo Maicai lets customers place an order before 11 p.m. and pick up their groceries after 4 p.m. on the following day. The aggregated daily orders are provided via regional warehouses and sent to different pickup locations.
Pinduoduo reported a net profit of US$256.7 million in the third quarter of 2021, compared with a net loss of US$122.8 million during the same period a year ago.
See also: The Pinduoduo model takes hold in India
Editing by Deepti Sri and Lorenzo Kyle Subido
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