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Pinduoduo
Acquired
Pintodo - Is It a Crazy Model?
Pindodo has been in the headlines recently. They passed a hundred billion dollar market cap. Colin became, he's now, as of to day, the fifth richest person in china. So how, if they were losing all this money, did they manage to preserve so much ownership in the company? Ha, ha. This is an interesting reminder that gap accounting doesn't always tell the whole story....
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