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Is It a P D D Merger or a Merger?
It's pretty crazy that p d d essentially took ten points a share from ali baba in the last tow years. A team that can figure out a second act with the big caviat of like, what is going on with colin? More like him becoming, like basos is essentially chairman of amazon. Is that what's happening? Or is it like colin was lie co ive, made a bunch of money, and i'll sa im o lock in these gains?"...
We kick off Season 7 with a bang: Pinduoduo, the incredible five year-old Chinese mashup of "Costco and Disneyland" (as self-described in their IPO prospectus) which recently became the fastest company ever to pass $100B market capitalization. What makes PDD so special, and how were they able to enter a market that everyone considered "already won" and disrupt massive entrenched competitors Alibaba and JD.com? This story is chock-full of lessons that apply not only to China tech, but to high-growth company building and investing everywhere.
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