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Forbes

Pinduoduo: The $1.5B Startup Challenging E-Commerce Giant Alibaba In China's Towns And Villages

Pinduoduo: The $1.5B Startup Challenging E-Commerce Giant Alibaba In China's Towns And Villages

  • 06.04.2018
  • min read

Forbes

Pinduoduo: The $1.5B Startup Challenging E-Commerce Giant Alibaba In China's Towns And Villages

“The Pinduoduo model is based on social media and has wider reach into a lot of new Internet citizens,” said Jason Ding, partner at consultancy Bain & Co. “Alibaba is trying to serve more high-end customers, but there are people who don't want to pay for premium, but value."

“The Pinduoduo model is based on social media and has wider reach into a lot of new Internet citizens,” said Jason Ding, a partner with Bain & Company. “Alibaba is trying to serve more high-end customers, but there are people who don't want to pay for premium, but value."