Pinduoduo actually started back in 2015 as a platform focused on agriculture. The idea was pretty straightforward but unique—connecting farmers and producers directly with consumers to sell fresh produce. Instead of going through multiple layers of middlemen, Pinduoduo made it easy for farmers to reach buyers and offer better prices.
Very thought-provoking.
Love this recap! I'm aligned with you on the final statements 🤝🏻
Great piece! In the beginning of the piece you use the word "agriculture" a few times, what exactly do you mean by this?
Pinduoduo actually started back in 2015 as a platform focused on agriculture. The idea was pretty straightforward but unique—connecting farmers and producers directly with consumers to sell fresh produce. Instead of going through multiple layers of middlemen, Pinduoduo made it easy for farmers to reach buyers and offer better prices.
Very insightful, thank you.
Well written! What do you think of the self-criticism about its aging management?
Let me answer with Druckenmiller:
''Every great money manager I've ever met, all they want to talk about it their mistakes. There's a great humility there.''
I know many were shocked by the comment - for me I loved it. It confirmed what I thought already about management.