Pinduoduo
Acquired
AI, E-Commerce, and Listener Engagement
In this chapter, the hosts express gratitude to their listeners and celebrate giveaway winners while promoting their partner program. The focus then shifts to exploring the AI assistant Claude and the rise of e-commerce platform Pinduoduo, delving into its origins and the impact of Tencent on its success.
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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Links:
- Photo of 26 year-old Colin at lunch with Warren Buffett: https://thelowdown.momentum.asia/cv-of-pinduoduos-founder/
- PDD users on mini-programs vs other Chinese e-commerce players: https://miro.medium.com/max/1080/0*39fpSP_JqhDaPhQ2.png
Carve Outs
- How to Make a Spaceship https://www.amazon.com/How-Make-Spaceship-Renegades-Spaceflight/dp/1594206724
- Creativity, Inc. https://www.amazon.com/Creativity-Inc-Overcoming-Unseen-Inspiration/dp/0812993012/
Sources:
- http://investor.pinduoduo.com/static-files/468b2c9f-9112-410d-84b3-2b22e07c7ee0
- http://investor.pinduoduo.com/static-files/5539839d-0a1c-4d40-9bb7-bdb490e2370c
- https://analyse.asia/2018/08/09/episode-260-pinduoduo-their-upcoming-ipo-in-china-with-matthew-brennan/
- https://analyse.asia/2020/06/28/pinduoduo-on-social-ecommerce-agriculture-with-xinyi-lim/
- https://blog.ycombinator.com/pinduoduo-and-the-rise-of-social-e-commerce
- https://en.wikipedia.org/wiki/Pinduoduo#cite_note-8
- https://hans.vc/pinduoduo/
- https://medium.com/@clarkboyd/pinduoduo-everything-you-need-to-know-about-pdd-chinas-third-biggest-ecommerce-site-38ac42086e47
- https://overcast.fm/+HWy7CWz34
- https://overcast.fm/+I8dmHF4NU
- https://overcast.fm/+PLdRNCiCg
- https://overcast.fm/+TmYdC1VPQ
- https://overcast.fm/+TmYfSO3sc
- https://targetchina.com.au/article/how-pinduoduo-successfully-gained-market-share-through-social-commerce/
- https://techcrunch.com/2018/07/26/the-incredible-rise-of-pinduoduo/
- https://technode.com/2020/05/12/pinduoduo-growth-story-needs-a-new-chapter/
- https://trendslates.substack.com/p/amazons-335bn-in-gmv-amazon-testing
- https://twitter.com/bgurley/status/1255172025053663232
- https://www.businessinsider.com/fabulous-life-colin-huang-pinduoduo-2020-7
- https://www.cnbc.com/2020/04/22/what-is-pinduoduo-chinese-ecommerce-rival-to-alibaba.html
- https://www.fool.com/investing/2020/07/02/why-pinduoduo-stock-popped-today.aspx
- https://www.fool.com/investing/2020/07/07/4-tough-tasks-for-pinduoduos-new-ceo.aspx
- https://www.forbes.com/real-time-billionaires/#721870433d78
- https://www.scmp.com/tech/e-commerce/article/3081078/pinduoduo-doubles-down-rural-china-five-year-us71-billion-e
- https://www.sec.gov/Archives/edgar/data/1737806/000104746918005204/a2236308z424b4.htm
- https://www.sec.gov/ix?doc=/Archives/edgar/data/1737806/000110465920051022/pdd-20191231x20f.htm
- https://www.techbuzzchina.com/episodes/ep-17-pinduoduo-from-zero-to-23b-in-three-years
- https://www.theinformation.com/articles/chinas-pinduoduo-is-nipping-at-alibabas-heels
- https://www.youtube.com/watch?v=BidaQ22vWvM
- https://www.youtube.com/watch?v=SqxtfOMMVFg
- https://www.youtube.com/watch?v=UjLhCK8sUcw
- https://www.youtube.com/watch?v=Zbskb0KMBUU&t=4s
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