Wow... Your Prediction is Real Now...🤭 Even... Your Video already posted 4 Years Ago... I found Your Video when I searched about Teemu... Then I found Pinduoduo... Then I found Your Video... Thanks...🙏
Now that PDD is maturing, they are moving up as well. We cannot forget the company is only 5 years old. They first went for quantity, and later quality. This is typical for many Chinese disrupters.
Which company are having similar success outside China? PDD managed to succeed because of some unique characteristics like a strong logistics backbone and mobile payments. I don't see any of this conditions abroad where only big players like AMZN have access to the resources
PDD please put some other language so people can easy asset the process but if PDD only for for china. What to do? I like to order the items but I can't understand the language....
Cutting out the middle men is critical, in some cases they account for the lions share of the price of an item. Where I live, only 20% of the price of meat goes to the farmer, the rest is middle men.
One thing I do not understand. Does 'group buying' mean that a box of apples is delivered to person 1 who then has to divide it over the 'group' they had bought it with? Or is it sent to the individuals in the group individually?
I think you misunderstood one fundamental thing....a company like pinduoduo's business model will not work in a western centric capitalist system for the simple fact that it literally put power into the smaller producers. Big firms don't like that.
But Pinduoduo used to be very small 5 years ago. Someone could like this model. And consumers might embrace it to - although it should adapt to Western markets.
Pinduoduo might be working well in China, but I hardly believe the rest of the world can do the same thing. Firstly, the key for fresh farmer product is logistics, not only regular logistics, it has to be low cost enough to cut the middle man, but also need to be fast enough to deliver in a timely manner. Secondly, I don't think anywhere in the world has the physical infrastructure to achieve such business model, and as you stated in the beginning, Pinduoduo is doing the real physical hardwork. Thirdly, its C2M model need manufacturers to fuel this loop; when large part of the world manufacturing is in China, getting rid of the midman surely won't be good for importers.
Tweak it to add in local delivery options, add in the option to buy basic equipment locally or imported, and you're on the way to solve poverty in Africa. African villages will be able to produce, buy and sell basic items and gradually move up the value chain. Local logistics companies will spring up to satisfy increased demand. Local governments will know where roads and other infrastructure are most needed and build them there. This would be true organic growth and partly go around the issue of corruption.
