Insider Intelligence delivers leading-edge research to clients in a variety of forms, including full-length reports and data visualizations to equip you with actionable takeaways for better business decisions.
In-depth analysis, benchmarks and shorter spotlights on digital trends.
Learn More
Interactive projections with 10k+ metrics on market trends, & consumer behavior.
Learn More
Proprietary data and over 3,000 third-party sources about the most important topics.
Learn More
Industry KPIs
Industry benchmarks for the most important KPIs in digital marketing, advertising, retail and ecommerce.
Learn More
Client-only email newsletters with analysis and takeaways from the daily news.
Learn More
Analyst Access Program
Exclusive time with the thought leaders who craft our research.
Learn More

About Insider Intelligence

Our goal at Insider Intelligence is to unlock digital opportunities for our clients with the world’s most trusted forecasts, analysis, and benchmarks. Spanning five core coverage areas and dozens of industries, our research on digital transformation is exhaustive.
Our Story
Learn more about our mission and how Insider Intelligence came to be.
Learn More
Rigorous proprietary data vetting strips biases and produces superior insights.
Learn More
Our People
Take a look into our corporate culture and view our open roles.
Join the Team
Contact Us
Speak to a member of our team to learn more about Insider Intelligence.
Contact Us
See our latest press releases, news articles or download our press kit.
Learn More
Advertising & Sponsorship Opportunities
Reach an engaged audience of decision-makers.
Learn More
Browse our upcoming and past events, recent podcasts, and other featured resources.
Learn More
Tune in to eMarketer's daily, weekly, and monthly podcasts.
Learn More

Pinduoduo’s Q3 earnings are a rare bright spot for China’s retail outlook

The news: Pinduoduo’s revenues grew by nearly two-thirds (65%) in Q3—far outpacing that of rivals and Alibaba, making the etailer a rare bright spot in China’s otherwise gloomy retail landscape.

  • Revenues from marketing and other services generated the bulk of Pinduoduo’s revenues, growing 58% year-over-year (YoY) to $3.97 billion.
  • The company’s non-GAAP operating profits rose 277% YoY to $1.73 billion.

Zooming in: Like Shein, Pinduoduo’s strategy is to connect farmers and manufacturers directly with consumers. This allows it to keep prices low and lets producers react quickly to changes in demand.

But like other China-based retailers, Pinduoduo is contending with softening demand from domestic consumers as Beijing’s zero-COVID measures—and now growing protests against those measures—depress spending.

  • That’s why Pinduoduo is shifting gears to focus on cross-border sales with Temu, its discount ecommerce platform, as it tries to capitalize on US shoppers’ price sensitivity.
  • Almost half (49%) of US online shoppers listed affordability as a top reason for buying products from international sellers, per a Global-e survey.
  • So far, its efforts appear to be paying off: While Pinduoduo declined to give specifics about Temu’s performance during its latest earnings call, the app has consistently ranked highly on both the iOS and Android app stores since its launch in September.

The big takeaway: Pinduoduo may find itself unable to deliver on international expectations as protests against Beijing’s zero-COVID lockdowns roil factories and cities.

  • Apple could face a shortfall of 6 million iPhones this year as workers at its Zhengzhou manufacturing facility revolt against food shortages and quarantine restrictions, per Bloomberg.

This article originally appeared in Insider Intelligence's Retail & Ecommerce Briefing—a daily recap of top stories reshaping the retail industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily.