9/12/2023 0 Comments Pin duo duo ipo![]() initial public offering (IPO) at 19 per American depositary share (ADS), raising 1.63 billion in. Eventually, once the user is 0.1 Lucky Star away (or RMB0.000001) from the minimum withdrawal threshold, inviting new friends and spinning the lucky wheel would earn them no new monetary rewards, but rather tips on how to reach the withdrawal threshold, such as "try harder!". HONG KONG (Reuters/IFR) - Chinese online group discounter Pinduoduo Inc PDD.O priced its U.S. ( Chinese: Pinyin: Pn dudu) is a Chinese online retailer with a focus on the traditional agriculture industry. specializes in the operation of a mobile e-commerce platform in China. We can reasonably expect that it would evolve into a variety. DDC Enterprise Limited agreed to acquire Four online stores on Pinduoduo platform from PDD Holdings Inc. Pinduoduo has established and promoted a new e-commerce concept and experience of 'team purchase' (or '', 'pin'). 2018 Letter to Shareholders (Reprinted from the IPO Prospectus). It is difficult to express it perfectly in English, but it essentially means to adhere firmly to ones own duties and principles. The story continues, as the lucky wheel decreases its reward to 0.1 Duo Duo coin (worth RMB0.0001), and then to a Lucky Star (worth 0.01 Duo Duo Coin, wequivalent to RMB0.00001). It is still the beginning, and our principles stay the same. Pinduoduo's biggest contribution at this level is the launch of Duo Duo Grocery (also called Duo Duo Maicai - Chinese name: ) (see Part 1), which was established in August 2020 to circumvent the difficulties of transporting large volumes of fresh produce that can perish or get damaged easily in the transportation process. As is perhaps predictable by now, the lucky wheel decreases its reward yet again, this time to a "Duo Duo coin" worth RMB0.001. ![]() Being only RMB0.01 away from the RMB500 withdrawal threshold, the user invites a final friend to the platform. ![]() The user continues to persist and invites eight more friends to the platform to reach an accumulated reward balance of RMB499.99. Pinduoduo’s founder stepped down suddenly this week, shaking investors who had watched him take the Chinese e-commerce company from nothing to a potential Alibaba competitor in less than a decade. With high hopes, the user invites one last friend to Pinduoduo to reach the RMB500 mark, only to find again that the lucky wheel has decreased its reward, this time to RMB0.01. Now that the user has an accumulated reward balance of RMB499.1, they invite eight new friends to Pinduoduo to reach a balance of RMB499.9.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |