Excellent Odds for Patient Investors who can Tolerate Volatility
Good thoughts. Wonder if you estimated how much of marketing income comes from penalties and clawbacks from features like 仅退款?
It’s likely to perform better than JD and alibaba since they are poorly managed. What do you value most of PDD? Is is their management/culture? Or business model that act like low cost e platform for both customers and vendors?
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Good thoughts. Wonder if you estimated how much of marketing income comes from penalties and clawbacks from features like 仅退款?
It’s likely to perform better than JD and alibaba since they are poorly managed. What do you value most of PDD? Is is their management/culture? Or business model that act like low cost e platform for both customers and vendors?
感谢分享
like before read 🫡