After missing the bus on IQiyi and Huya, very eager to know about PDD Flipkart in India got acquired for 16 billion with it's 6 billion GMV. PDD has a 16 billion GMV with 16 billion valuation as of today, and China's definitely a wealthier consumer market.
It's already up 40%, I guess no much room now
Why not? Iqiyi rose 80% in three months.
Zhongguo (the first word) means China in Mandarin.
zhongguo ren - china people.
Sorry, I want to hear as much Chinese opinion as possible.
It sells low quality knockoff products
My wife shops everyday on that. Brand new format of shopping. They way they set it up enabled you to buy stuff at a cheaper price than Taobao.
It sells fake or poor quality goods, active users are primarily over 40s. Besides, they spent tons of money on marketing. Personally, I don’t believe it will keep growing
Thanks, this is exactly the kind of stuff I want to learn.
Problem is they spend way too much money on marketing. The business model is not sustainable.
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I understand some of these words!
I guess we understand the same some.