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Pinduoduo
Acquired
Pintoduo's Social Networking Model Allows for Much Cheaper Prices
Pindoduo has disintermediated both traditional retailers and ands. The social buying model takes that sort of aggregation of demand and totally eliminates job to be done by a retailer. It allows for much cheaper prices, because they cut out that middle man. But then pindoduo takes it even one step further: They created a market place that hasn't cared that much about brands - yet....
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