šŸš€ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. šŸ”„
Login

Back

Havish Gupta

Figuring OutĀ ā€¢Ā 7m

How PinDuoDuo became China's ECommerce Giant? What if shopping could be cheaper and more fun by buying in Group? Thatā€™s something Colin Huang wanted to build.. Thus he decided to start Pinduoduo, an Ecom site where you get better deals if you shop together! So, hereā€™s how it works: 1) You find a product you like. 2) You either buy it solo (at a higher price) or start a group to unlock huge discounts. 3) You share the link with friends or family, and once the group fills up (usually 2-5 people), the deal is unlocked. Itā€™s basically ecom and social networking togeather (kinda) ā€”and the results have been insane! 2015: It was Launched! 2017: Achieved $15 billion GMV! 2018: Listed on NASDAQ at $33 Bln Valuation! And By 2021, it surpassed Alibaba in annual active buyers. This has been possible due to their lower costs, group buying experience, and gamification. Today, Pinduoduo makes over $32 Billion sales, have 637 million active monthly buyers making it a worthy rival to Amazon and Alibaba. Also, It's parent company owns Temu, one of the leading ecom platform in the West! Would you use a platform like this?

8 Replies
10
Replies (8)

More like this

Recommendations from Medial

Image Description
Image Description

Views and Trends

Hey I am on MedialĀ ā€¢Ā 7m

Building an app for buying and selling old or refurbished gold while ensuring transparency, minimal loss, and fair making charges for both sellers and buyers. Direct sell to buyers or to an app for competitive prices

13 Replies
1
6
Image Description
Image Description

Piyush

Aspiring Entrepreneu...Ā ā€¢Ā 9m

So here is a quick survey on which age group is the most active on Medial.

8 Replies
1
11
Image Description
Image Description

Hassan

Ā ā€¢Ā 

RoomifyĀ ā€¢Ā 8m

It all started with a group chat... A story on how I validated my startup idea When my co-founders and I first thought of Roomify, we wanted to ensure it was solving a real problem. Together, we created a group chat specifically for Indian students

See More
10 Replies
6
20

Mridul Das

Introvert!Ā ā€¢Ā 13d

AI platform usage by age group and gender. Depending on the age group and gender you are targeting, here are the platforms they prefer.

Reply
1
14
Image Description
Image Description

DEEPAK S

Software DeveloperĀ ā€¢Ā 5m

I just had an idea which is like multi store marketplace where store owners (dress shop owners,Shoes sellers) can publish their store and start selling their products as of now store owners can receive orders through WhatsApp and instead of selling

See More
3 Replies
3

Vikas Acharya

Ā ā€¢Ā 

MedialĀ ā€¢Ā 9m

Alibaba: Overcoming Rejection to Build a Giant Jack Ma, a former English teacher, founded Alibaba in 1999 to help small businesses in China connect with global markets. Despite facing rejections from investors, Ma persisted, focusing on e-commerce,

See More
Reply
2
Image Description
Image Description

Samir Phukan

Hey I am on MedialĀ ā€¢Ā 5m

war The war is killing meditation between 2civlized group where Earth has to atone for it where you and I

2 Replies
5
Image Description

Armaan Nath

Startups | ProductĀ ā€¢Ā 1y

šŸš€Growth hack: The average of a group depends on the people in it. If some people in the group keep improving themselves and raising the group's average, the group won't continue to grow unless those individuals leave the group and find others who ar

See More
1 Reply
7

Download the medial app to read full posts, comements and news.