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Pinduoduo
Acquired
Are They Burning Cash?
Aslep woh: The bear case is that they're just burning cash. They have a negative operating income, but they are actually doing great on cash e cash. Lacon: I will paint the other side of that narrative, which is they are incredibly richly valued because of how fast they grew. And so compared to like other companies with business models, you better believe that they're going to do a whole lot more growing in this way....
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