tags:

• thesis/econcomics
• analyst/bristlemoon-capital
• sector/retail ...

Pinduoduo is a one-of-a-kind company. It was founded in 2015. The following year, Pinduoduo generated RMB 505 million in revenue (roughly $72 million). Not bad! However, fast-forward to 2023 and the company generated close to RMB 250 billion of revenue (circa $35 billion), a more than 490x increase in revenue over just seven years. 

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