Pinduoduo

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#1
I guess a lot of times, it is about betting on the horse rider, then the horse itself.

Pinduoduo and Vertically Integrated Social Commerce

In 2015, Colin Huang founded his third company, Pinduoduo (PDD). By June of 2020, it had become China’s second largest ecommerce company and was valued at over $100 billion in the public markets. How did a company that helped farmers sell fruit on the internet rise so fast in a market dominated by Alibaba and JD?


https://turner.substack.com/p/pinduoduo-...integrated
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