Pinduoduo
Acquired
User Growth vs Revenue: The Pinduoduo vs JD Debate
This chapter explores the contrasting user statistics and revenue strategies of Pinduoduo and JD, emphasizing Pinduoduo's vast user base and the implications for future growth. It also touches on cybersecurity challenges and solutions, highlighting the importance of user engagement and competition in the evolving e-commerce landscape.
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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