Pinduoduo is the fastest company in history to reach both $5 billion in revenue and a $100 billion market cap. The Chinese ecommerce platform, famous for popularizing the team buying and consumer-to-manufacturer (C2M) model, was the talk of the town last summer, and it's had an even more fascinating intervening 12 months. I teamed up with Lillian Li of Chinese Characteristics to go deep, and give the bull and bear cases, including:

A Brief History of Pinduoduo
What Does Pinduoduo Do?
Can PDD’s Model Work in the West?
Recent Developments: Leadership, Grocery, Agriculture, and Payments
The PDD Bull Case -- Packy
The PDD Bear Case -- Lillian
Beyond Pinduoduo
 

You can read the full piece at Not Boring.

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