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Pindoduo - Is That Really a Team Purchase?
Pindodo is a Chinese e-commerce company. It allows users to buy goods and services through their mobile phone or computer. In February 2013, the company raised $100 million in an initial public offering (IPO) The IPO was less than two years after pindodo launched its first program for rural China....
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