"With a discount all the year round, things are ridiculously cheap." The US version of Pinduoduo beat Amazon, Walmart and other e-commerce giants with "unreasonably low prices". However, in terms of long-term development, will the low price strategy really be a surefire way? As of 2018, the company has 300 million users worldwide, millions of consumers spend 45 minutes browsing its products every day, and 75 million monthly active users. It ranks second in the App Store shopping category, second only to the industry's big brother Amazon, and far away from Walmart, Target and other applications. Category and overall rankings in the Apple AppStore: US version of Pinduoduo: beat Amazon and eBay Category and overall rankings in Android apps: US version of Pinduoduo: beat
Amazon and eBay On the "Cyber Monday" after Black Friday in 2017, its total number of active users on the mobile terminal is even more than that of e-commerce retail giants such as Amazon, eBay, and Walmart. US version of Pinduoduo: beat Amazon and eBay That company is Wish. In 2018, Wish was valued at over $8.5 billion with annual revenue phone number list exceeding $1 billion. How did this "American version of Pinduoduo" become popular by relying on "one discount all year round, and things are ridiculously cheap"? Let's take a look with Si Rabbit today. US version of Pinduoduo: beat Amazon and eBay A marketing and advertising coder, he left Google to do it himself. In 2010, in the
San Francisco Bay Area of the United States, two programmers were dissatisfied with the outdated and rigid advertising search algorithm of a well-known company. They worked together to optimize the algorithm and made a picture social software. While viewing pictures for entertainment, users can link to corresponding e-commerce websites and purchase goods. US version of Pinduoduo: beat Amazon and eBay In March 2013, the company officially launched the commodity trading function, and soon found out that most of the most competitive merchants on the platform are suppliers from China. US version of Pinduoduo: beat Amazon and eBay After several adjustments, the company began to mainly engage in cross-border e-commerce business. Made in