Transforming carbon monoxide (C1) and ethylene (C2) into high value-added chemicals is of great significance from an economic perspective, especially to multifunctionalized C3 compounds. Herein, we developed a palladium-catalyzed thiocarbonylative 1,2-difunctionalization of ethylene. Employing NiXantPhos as the ligand and DCE as the solvent, a series of organic disulfides can be successfully transformed into β-thiopropionate thioesters in good yields.