v3 Chapter 1131 - : Pinduoduo is here
“Mr. Li, it’s amazing. Not only did your money-robbing activity make 100 million yuan, but you also launched WeChat payment, which directly robbed our e-commerce business.”
“Huang Zheng, don’t come to this one. You can fight for more than you can afford.”
“This is not for nothing, President Li, when you first cooperated, you blackmailed me a lot.”
“What is blackmail, think about it, it’s easy for us to engage in this activity, 2 billion US dollars, you try to spend 2 billion US dollars?”
“Go and work, you guys. Then, it’s up to us.”
After Huanyu Technology launched its overseas instant messaging WeChat, then the e-commerce business has also begun to be on the right track.
Pinduoduo is an e-commerce platform launched by Huanyu Technology.
Pinduoduo instantly opened up its popularity through the WeChat money grab campaign.
In particular, a series of madly issued coupons, in the spirit of not having to use it in vain, Pinduoduo just went online, and the entire e-commerce platform turnover exceeded US$2 billion. With this level of strength, it can be said that how many WeChat users grabbed the money, and then how did they spend the money.
Although a group of users later awakened and found that they were given a routine by Huanyu Technology.
But what about the routine?
This is their willingness.
And even though they spent the money, they have to say that the things in Pinduoduo are really cheap.
Take clothes, for example, they usually buy clothes for about US$50, but they also cost US$40 on Amazon.
But in Pinduoduo, the direct price is 20 dollars, and some are only 10 dollars, or even less than 10 dollars.
As for household supplies, it’s even cheaper. Orange juice is 3 dollars, and 2 dollars is enough for Pinduoduo.
Eggs cost 2 dollars for 12 eggs, and at Pinduoduo, 2 dollars for 24 eggs.
Apple is one dollar and one catty, Pinduoduo, one dollar and two catty.
Potatoes are 2 dollars per catty, Pinduoduo, 1 dollars per catty.
Basically, as long as you buy, the price of Pinduoduo is half of the actual price, and some are even lower.
Relying on this advantage, there is also WeChat drainage, and Pinduoduo is a hit.
This also allowed Bezos, the CEO and founder of Amazon, to directly end the holiday and return to the company headquarters as soon as possible.
“Give me a detailed information about Pinduoduo.”
Bezos is the founder of Amazon.
Amazon here is not Amazon China.
Amazon’s e-commerce business in China is naturally impossible to compete with Huanyu Technology.
But Amazon’s position in global e-commerce has always been the number one in the world.
Even if Huanyu Mall and Huanyu Department Store are developing well in China, Amazon is still the leader in global e-commerce.
Take the previous life as an example, Amazon founder Bezos’s wealth surpassed Bill, surpassed Warren Buffett, and ranked first in the world.
Even if he divorced his wife and lost more than 66 billion US dollars, Bezos is still the world’s richest man.
This has to say how much influence Amazon stock should have on Bezos’ wealth.
In the past, the market value of Amazon once exceeded US$150 million, while the highest market value of Apple during the same period was only about US$2 trillion.
From this we can see how terrifying the size of Amazon should be.
Although in 2006, Amazon is not the later Amazon, he hasn’t been so terrible yet. But when Yahoo and America Online’s e-commerce business gradually declined, China’s e-commerce business did not enter overseas, and recently they left their main competitor eBay behind. It can almost be said that Amazon has no rivals. It is precisely because of this that Bezos has the leisure to prepare for a vacation.
But he did not expect that this vacation was only half of the time, but an e-commerce platform called Pinduoduo rose instantly.
In fact, Bezos has already known that Universal Technology has plans to launch e-commerce business overseas.
This is to be expected.
Huanyu Technology has established a video website, a portal website, and instant messaging in North America.
So, the next step is e-commerce.
But planning is one thing, and whether it can be done is another.
In addition, even if Universal Technology wants to deploy e-commerce business overseas, it will take at least several years.
But reality has taught Bezos a vivid lesson.
Their Pinduoduo has only been online less than a month ago, and the number of visits has exceeded 100 million.
Although among them, a considerable number of users are converted through WeChat.
Some may not be shopping yet, some just accidentally clicked in.
But it’s okay.
With such a large traffic portal as WeChat, Pinduoduo has the opportunity to forcefully enter the market.
“Mr. Bezos, this is Pinduoduo’s information. We researched Pinduoduo. This e-commerce platform mainly uses WeChat as a traffic portal for traffic diversion, and is positioned as middle and low-end consumers. The products on their platforms are generally compared. Cheap, even half of the actual commodity price, and there are often many popular products, and some prices are even 10% off the actual commodity.”
“Well, they want to keep consumers at low prices.”
Bezos said disdainfully.
It’s just to say that, although such a strategy is not very clever, but consumers still buy it.
In particular, some of the prices are so low that they can attract the interest of a lot of consumers.
Having said that, Bezos actually has to admire the positioning of Huanyu Technology to be so precise.
Take the United States as an example. Although the United States is a developed country, its per capita consumption is very high. However, no matter how high the per capita consumption is, this is also relative. Many users usually spend a lot of money, and there are even many families that do not have a lot of money. Moreover, this group of people is not in the minority. Huanyu Technology will directly connect with them, which will directly hit the entire market into the sinking market, and instantly gain the support of a large number of low-end consumers.
“Yes, Mr. Bezos, we did the same analysis. However, this positioning has a disadvantage, that is, the general commodity prices are low, and sellers basically cannot make money, and some even lose money. From Looking at it now, the sellers are still continuing to sell goods, it should be that Pinduoduo officials subsidize these sellers.”
This is very common in the early stages of marketing, as Amazon did that year.
They also used low prices to attract consumers.
But after they started the market ~www.mtlnovel.com~ the price returned to its original value.
“How long can they subsidize?”
“This is unpredictable.”
The assistant shook his head, and then analyzed and said: “But from the perspective of US$100 million, Pinduoduo should have come prepared.”
“Hehe, it looks like we’re going to be eaten up.”
Bezos smiled coldly.
He naturally knows the scale of Huanyu Technology. Under normal circumstances, he does not want to fight with Huanyu Technology.
Fortunately, before, Huanyu Technology did not have much business competition with their Amazon.
But now that I have run into it, Bezos is not a counselor. After thinking about it, Bezos immediately said: “For a series of low prices of Pinduoduo, we have set up a special zone. I would like to see how much their subsidies can make up?”
(End of this chapter)
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