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Pinduoduo
Acquired
Pindodo, a 100 Billion Dollar Market Cap in Five Years From a Standing Start
This episode felt very timely, not just because of that hundred billion dollar milestone for pindo do, but also because e commerce in general is a having a moment. The global pandemic has massively accelerated the shift from off line to on line commerce. And of course, china, once behind the u. S in their commerce penetration, i think it was only six per cent of retail was done on line in twenty twelve,. is now already at twenty four per cent of the total retail spend. It's been fun spending the week kind of do ing research and learning what is this beast?...
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