Chapter 1131: Pinduoduo Is Here

"Mr. Li, it's amazing, your money grabbing activity not only made 100 million, but also launched WeChat payment, which directly robbed our e-commerce business."

"Huang Zheng, don't come to this set, you can't get cheap by fighting Duoduo."

"It's not for nothing, Mr. Li, when you were working together, you extorted me a lot."

"What is extortion, think about it, it's easy for us to do this activity, 2 billion US dollars, you can try to spend 2 billion US dollars?"

"Okay, okay, you bulls. Then it's up to us."

After Universal Technology launched its overseas instant messaging WeChat, the e-commerce business has also begun to get on the right track.

Pinduoduo is an e-commerce platform launched by Universal Technology.

Through the WeChat money grabbing activity, Pinduoduo instantly gained popularity.

In particular, a series of coupons issued wildly, in the mind of not being useless, Pinduoduo just went online, and the transaction volume of the entire e-commerce platform exceeded 2 billion US dollars. With such an intensity, it can be said that how all WeChat users robbed the money, then how did they spend the money.

Although a group of users woke up later, they found that they were tricked by Huanyu Technology again.

But what about the routine?

This is their willingness.

And although they spent the money, it has to be said that the things in Pinduoduo are really cheap.

For example, clothes, usually they buy clothes for about 50 US dollars, and they also cost 40 US dollars on the Amazon platform.

But in Pinduoduo, it is directly $20, and some are only $10, or even less than $10.

As for household necessities, it is even cheaper. Orange juice is $3, and Pinduoduo is $2.

Eggs are 12 for $2, and at Pinduoduo, 24 for $2.

Apple is $1 per catty, and Pinduoduo is two catties for $1.

Potatoes are 2 dollars a pound, Pinduoduo, 1 dollar a pound.

Basically, as long as you buy, the price of Pinduoduo is half of the actual price,

Some are even lower.

Relying on such an advantage, there is also WeChat drainage, and Pinduoduo was an instant hit.

This also allowed Bezos, the CEO and founder of Amazon, to directly end the holiday and return to the company's headquarters as soon as possible.

"Give me a detailed information on Pinduoduo."

Bezos is the founder of Amazon.

The 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 Universal Mall and Universal Department Store are developing very well in China, the global e-commerce leader is still Amazon.

Take the previous life as an example, Amazon founder Bezos' wealth surpassed Bill, surpassed the stock god Buffett, and won the world's first.

Bezos is still the richest man in the world, even if he divorced his wife and took away more than 66 billion US dollars.

This has to say how much Amazon stock affects Bezos' wealth.

The market value of Amazon in the previous life once exceeded 150 million US dollars, while the highest market value of Apple in the same period was only about 2 trillion US dollars.

From this, we can see how terrifying the size of Amazon should be.

Although in 2006, Amazon was not the Amazon of the future, he was not as terrifying as it appeared. But while Yahoo's and U.S. online e-commerce businesses are declining, the Chinese e-commerce business has not entered overseas, and recently they have 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 didn't expect that this holiday was only halfway through, but an e-commerce platform called Pinduoduo rose up in an instant.

In fact, Bezos already knew that Universal Technology had plans to launch an e-commerce business overseas.

This is to be expected.

Universal Technology has developed a video website, a portal website, and instant messaging in North America.

Then, the next step is e-commerce.

But it's one thing to plan, it's another to make it happen.

In addition, even if Huanyu Technology wants to expand its e-commerce business overseas, it will take at least several years.

But reality taught Bezos a vivid lesson.

Their Pinduoduo has only been online for less than a month, and the number of visits has already exceeded 100 million.

Although among them, a considerable number of users are converted through WeChat.

Some may not have bought something yet, and some may have just clicked in by accident.

But that's okay.

With such a large traffic portal as WeChat, Pinduoduo has the opportunity to forcibly enter the market.

"Mr. Bezos, this is Pinduoduo's information. We have studied Pinduoduo. This e-commerce platform mainly uses WeChat as the traffic portal to divert traffic, and is positioned as low-end consumers. The products on their platforms are generally comparable. Cheap, even half the price of the real product, and there are often many popular products, and some prices are even 10% off the real product.”

"Well, they're trying to keep consumers at low prices."

Bezos said disdainfully.

It's just that, although such a strategy is not very clever, consumers still buy it.

In particular, there are some prices that are so low that they can attract the interest of a large number of consumers.

Then again, in fact, Bezos had to admire Huanyu Technology's positioning so accurately.

Take the United States as an example, although the United States is a developed country, per capita consumption is very high. However, no matter how high the per capita consumption is, this is relative. Many users usually spend a lot of money, and there are even many families who are not comfortable. And there are not a few people in this group. Universal Technology directly connects the business to them, which directly hits the entire market to the sinking market, and instantly gains the support of a large number of low-end consumers.

"Yes, Mr. Bezos, we analyzed it in the same way. However, this positioning has a disadvantage, that is, the general commodity prices are low, and basically the sellers can't make money, and some even lose money. Looking at it now, sellers are still continuing to sell products, and it should be the official Pinduoduo subsidy for these sellers.”

This is common in the early days of marketing, and Amazon did it back in the day.

They have also used low prices to attract consumers.

But when they got the market up and running, the price went back to where it was.

"How long can they subsidize?"

"This is unpredictable."

The assistant shook his head, then analyzed and said, "But from the perspective of US$100 million, Pinduoduo should have come prepared."

"Hehe, it looks like we've settled for us."

Bezos smiled coldly.

He naturally knew the scale of Huanyu Technology, and under normal circumstances he did not want to fight with Huanyu Technology.

Fortunately, Huanyu Technology did not have much business competition with their Amazon before.

But since we have met today, Bezos is not a coward. After thinking about it, Bezos immediately said: "We set up a special area for a series of low prices on Pinduoduo. I would like to see how much their subsidies can make up for?"

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