On the evening of July 26th, Beijing time, China's leading "new e-commerce" platform was held in New York and Shanghai, and the ringing ceremony was held in Nasdaq (stock code PDD). Its issue price is 19 US dollars, and the total market value after dilution is 24 billion US dollars.

On July 17, 2018, the company officially launched its global public roadshow in the United States, issuing a total of 85.6 million American depositary shares and exercising an over-allotment option of 12.84 million American depositary shares. The amount of financing will be used to enhance and expand business operations, research and development, and general corporate and working capital. Huaxing Capital acted as a joint underwriter in the transaction. Other joint underwriters include Credit Suisse, Goldman Sachs and CICC.

A lot of innovation and high-growth "new e-commerce" platform, providing buyers with value-for-money products and a fun and interactive shopping experience. Through innovation in business models, it has been able to quickly expand its buyer base and build brand awareness and market position. According to GMV and total order quantity, it has become one of the leading e-commerce platforms in China. In the 12 months ended June 30, 2018, a large number of GMVs exceeded 262 billion yuan.