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Pindodo - Is It a Social Ecommerce Solution?
Pindodo has built that out now. But in the early days, like, they woren't even do it that. There's a structural reason why this is going to be tough and s in a way that it wasn't in china. Social ecommerce doesn't exist in the u.S. because we can't go shopping with our friends. And you have to imagine that corono viris will accelerate that....
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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Listen to the best highlights from the podcasts you love and dive into the full episode