Digital economy

Digital economy

Pinduoduo gives Alibaba a run for its dominance

In 2018, Pinduoduo reported 652% growth in sales to $1.9 billion with 419 million annual active users, surpassing and moving closer to Alibaba. Pinduoduo’s revenue/GMV ratio reached 2.78% in 2018, very close to Alibaba’s. Alibaba considered investing in Pinduoduo in 2016 but moved more slowly than rival Tencent Holdings, which now owns 17% of Pinduoduo.

14 May 20190 comment
Digital economy

Amazon driven from China by culture of Internet money-losers

The Chinese internet realm is littered with such companies that have collectively cost investors billions of dollars in cash without ever producing the hoped-for profits. Of course a handful of standouts such as e-commerce juggernaut Alibaba and online travel titan Ctrip stand out as exceptions, which is what keeps the money taps flowing.

25 Apr 20190 comment


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