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The Inao Billion Is a Five X.
The i p o raised one point six billion dollars. The stock popped forty per cent on de one. Money for bankers and money for people who bought the i p o, aplication, and money left on the table for all the private shareholderss exactly. Colin wasn't hurting too much though. This is crazy. He still owned forty six point eight per cent of this company why it went public....
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