2min chapter

Acquired cover image

Pinduoduo

Acquired

CHAPTER

Can P D D Spend That on Growth?

Third source of this is a source of float for the company, which is what you mention ben. So ther ding a bunch of cash that they're not allowed to touch, cause it didn't ever get recognized as revenue. That's essentially an interest free loan on their growth. But because money is fungable, even though money's coming in and out of that restricted cash pool. It's large and growing. And so i think kind of just like the insurance floe business, where like, it can be invested, ando invested an fixed income or something, to get one per cent exactly....

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