And the issue of counterfeiting won’t necessarily fell the company altogether. Of course, Pinduoduo may well have discovered a smart role as the host of a virtual flea market. Pinduoduo deals mainly in very cheap items sold between third parties, fertile ground for fake goods to be exchanged. “But there are already lots of e-commerce players in the upper spaces, so the question for Pinduoduo is ‘where do we go?’” Chinese online group discounter Pinduoduo has filed with US authorities for an initial public offering (IPO) which, according to a source with direct knowledge of the matter, could raise up to 1. It’s like a first world country,” he said. Yao added that the focus on small cities will limit Pinduoduo. “Some people are ok with the quality of the goods they buy being poor, but they aren’t young or wealthy people.” It is difficult to express it perfectly in English, but it essentially means to adhere firmly to ones own duties and principles. “Pinduoduo has grown so fast and out of nowhere and they have a niche,” Franklin Yao, Founding Partner at strategy consulting firm SmithStreetSolutions told IPO Edge in an interview. The real question is whether the company can move into higher-priced product categories selling legitimate merchandise or be forever relegated to a bargain basement. The additional cost of enforcing authenticity would at the very least push hopes of profitability further into the future. The trouble there is that Pinduoduo deals with an extremely large number of vendors selling cheap goods in small shipments. Since 2017 Raising Over $50 Million – DealogicĪs for Pinduoduo, the Chinese government has followed up to say that it met with Pinduoduo and asked the company to vet merchandise more carefully. specializes in the operation of a mobile e-commerce platform in China. Shortly afterwards, the stock priced at the top of its IPO range and leapt 45.Ĭhinese IPOs in the U.S. DDC Enterprise Limited agreed to acquire Four online stores on Pinduoduo platform from PDD Holdings Inc. Chinese E-Commerce Newcomer’s IPO Breaks as Government Probes Counterfeiting Concernsīy John Jannarone a day in mid-July, investment bankers from Goldman Sachs and Credit Suisse hosted a meeting with investors in New York to sell the IPO of Pinduoduo, a fast-growing and very young Chinese e-commerce company that some envisage as the next JD.com or even Alibaba.
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