What makes Pinduoduo one of the most disruptive forces in e-commerce? In this episode, we explore the success story of Pinduoduo with Kaifei, a seasoned expert in China’s e-commerce. Kaifei provides a deep dive into the company’s unique approach to e-commerce and offers insights as an industry expert. From its origin in China's lower-tier cities to its global ambitions with Temu, we discuss how Pinduoduo’s focus on affordability and efficiency has reshaped consumer behavior. We also break down the company’s focus on cost-effectiveness, its intense competition with Alibaba and JD.com, and the challenges of maintaining low prices while balancing supplier relationships. Not only that, Kaifei also offers thoughts on the future of e-commerce, the role of innovation, and the challenges of maintaining growth in a competitive global market. Chapters: 00:01:30: The Rise of Pinduoduo 00:05:20: Temu’s Disruptive Strategy 00:19:15: Why price obsession is Temu’s secret weapon 00:30:25: Growth vs. Profit Battle 00:42:45: Temu’s Global Expansion Gamble Featured materials: Who is Temu, 2024, Momentum Works: https://momentum.asia/product/temu-2-years-on/ Behind Pinduoduo’s ¥10 billion merchant subsidies | Impulso E102 https://youtu.be/FKENtoznAJk