There's no doubt that we learn most about debt from the balance sheet. You may even recall the Groupon era, when we all went cuckoo for group buying hang-gliding lessons and all sorts of other discounted nonsense. There has been an assumption in the past decade that Chinese consumers are willing to pay a premium to secure high-quality products, particularly in major cities. Pinduoduo sell products at much wider discount provided certain volume is reached. This could be related to the recent financial results that were recently released - you could check the most recent data by reading our company report. Effectively the app just organizes consumers into buying teams who then purchase goods such as bulk buy soap, corn plasters and cleaning products straight from the manufacturer. It went public on July 26, 2018 and took only three years to become the seventh largest Chinese Internet company next to Baidu, Alibaba, Tencent (BAT), Xiaomi, JD and Netease. This has led them to be ranked as the second most popular e-commerce platform after Taobao. See more. The bigger challenge in Western markets is that a variety of rivals is vying for the same position, albeit arriving from different directions. Pinduoduo has been the prime beneficiary of the recent recovery in Chinese tech stocks. Either way, we can state with some confidence that PDD is well-positioned to cater for what will likely be a price-sensitive, post-virus age. We can split the copycats into a couple of species, actually. Pinduoduo organized the competition jointly with the China Agricultural University, under the technical guidance of the Food and Agriculture Organization. The crawler leads the scraper, as if by the hand, through the internet, where it extracts the data requested. … How does Pinduoduo relate to the Passion Economy and the idea of monetizing individuality? Where Groupon took a hands-off, anonymous approach to social commerce, PDD incentivizes shoppers to get involved and drive prices down themselves. In light of this, Pinduoduo’s preference for headlining with traditional companies like Costco and Disney is somewhat insincere. See more . … Founded in September 2015 by Colin Huang and his company The Shanghai Dream Information Technology Co., they exceeded RMB$100 Billion GMV in 2 years and 3 months’ time, while JingDong and Taobao took 4 times and 2 times that respectively. earnings-and-revenue-growth. November 27, 2020. They use affiliate links to point towards Taobao, normally. Who even knows. Web scraping (also called web data extraction or data scraping) provides a solution for those who want to get access to structured web data in an automated fashion. Pinduoduo was founded in 2015 by an ex-Google engineer, Colin Huang. See more. Things To Do to find events near you that are cheaper with Groupon, and filter the results by category (like nightlife, tickets and events, sports and outdoors, and kids' activities) or by price or location. The Average Order Value on PDD is significantly lower than on JD.com and Alibaba, which is one reason for PDD’s large investment in an electronics retailer this week. Consider the challenge for this author, a beginner-level Chinese speaker (as in, literally started and then quickly gave up, today), trying to figure out which of these is real: These imitators can mimic the look of PDD, but they don’t have the manufacturers on board or an ecommerce engine. Explaining Pinduoduo, and whether the model can work in Southeast Asia The growing popularity of social ecommerce in China has created a wave of disruption that changed ecommerce for good. Pinduoduo got the attention of the under-served, price-sensitive consumers by presenting them with a proposition they could not turn down. On the contrary, it humbles us to admit that we are just part of a natural evolution of the world. Brands can broadcast to an audience that may or may not pay attention. P Diddy will not like PDD taking up his air space at all. Users download an app (it is ranked third on the App Store, behind TikTok and WeChat), or they can use the PDD mini-app within WeChat. by Mia Turner. Grocery e-commerce surges in China as Covid-19 disrupts lifetime habits. It dawned upon Huang that despite the dominant market positions of Alibaba and JD.com in China’s internet space, it is still possible to compete with them head-on if he could address the needs of the … That can certainly be a source of strength for PDD. Pinduoduo taps into a new market that is steadily becoming familiar with e-commerce: rural Chinese customers spent RMB1.37 trillion on e-commerce in 2018 — a 30% year-on-year increase. This state of affairs indicates that Pinduoduo's balance sheet looks quite solid, as its total liabilities are just about equal to its liquid assets. All rights reserved. Unlike … Pinduoduo dedicates itself to creating a commingled "space" between cyberspace and physical space, where users can find the most value-for-money merchandise that meet their different needs and derive happiness; ... We are encouraged and have every reason to believe that as we work hard day … And what does Pinduoduo’s livestreaming launch mean? Work; Technology; Industries. Add … Below left, a real lemon I purchased from the market. When looking at a product, users are presented with two price options, a standard price to buy directly and a discounted price. The product, which has long been in beta form, allows users to register accounts and create teams. They should also be able to match their supply with demand more accurately, cutting down on waste. Huge companies like Amazon and Google seem to operate from a position of immovable dominance, but Pinduoduo shows that new entrants can make an impact by innovating the incumbents’ business model. How does Pinduoduo work? Pinduoduo is a rising e-commerce platform in China. Manufacturers can have more control over their profit margins by reducing the intermediaries between them and the end customers. For a dress that is priced at RMB 39 on Taobao, one only needs to pay RMB 19 on PDD: and if one can invite 5or 6 friends to buy as a group, the unit price falls to only RMB 9.9 including delivery. What has made its trajectory interesting for many has … On Thursday, Nasdaq-listed Pinduoduo saw its share price rise more than 12%, reaching a record high of $39.96. Here are some choice quotes from the PDD website: “We constantly provide merchants with consumer insights and preferences to help them tailor make products for their targeted customers.”, “By channeling analytics around consumer behavior and preferences, we hope to enable 1,000 brands to produce and sell products on our platform that are tailored to our users’ needs.”, “We facilitate direct sales between small-scale farmers and consumers by leveraging our insights on consumer preferences and aggregating demand to generate large order volumes for our farmer merchants.”. November 12, 2020. Pinduoduo Inc - ADR (PDD) stock is trading at $97.29 as of 10:07 AM on Tuesday, Nov 3, a gain of $5.67, or 6.19% from the previous closing price of $91.62. Under Huang’s leadership, Pinduoduo’s shares have quadrupled in the past year, turning the Shanghai denizen into China’s second-richest man with a fortune worth $43.2 billion in late June. 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