Below you can find the list of the 5 Most Valuable Asian Companies. For detailed coverage of this topic and a more comprehensive list, please see the 15 Most Valuable Asian Companies.
5. Pinduoduo Inc (NASDAQ: PDD)
Market cap: $240.34 billion
Revenue: $4.3 billion
Assets: $10.9 billion
Headquarters: Shanghai, China
Ranking fifth on our list of the 15 most valuable Asian companies is the new e-commerce giant, Pinduoduo Inc. The company was founded in 2015 and provides an online shopping platform for consumers, mostly through Tencent’s WeChat app. According to market research advisory firm eMarketer, Pinduoduo is the third-largest e-commerce player in China with a market share of 5.2%, followed by Alibaba and JD.com.
In the third quarter, Pinduoduo announced total revenue of $2.09 billion, an 89% revenue jump from the same quarter in 2019. Shares of PDD rallied 468.01% over the past twelve months.