This is further enhanced by having all parties involved sign off on a hard copy or confirm via reply email.ģ. This will ensure that all parties concerned confirm the details of the agreements as correct. Everyone can read to review and correct anything misunderstood. There are lots of people types who need something visual to improve their understanding.Ģ.
Everything is better understood between parties involved. Here are some general benefits (only some) of "putting in writing":ġ. This "putting in writing" can also be used for almost anything else. I am a firm believer of the many benefits of putting everything in writing and I try to teach it to as many people as I can. I have always lived by "put it in writing" all my work life.
Pinduoduo says it has 882 million active buyers in China, nearly equal to Alibaba’s 903 million. Pinduoduo became especially popular in second- and third-tier Chinese cities where consumers were more budget conscious, and nearly doubled its revenues in 2020 amid pandemic-inflicted lockdowns. Pinduoduo founder Colin Huang said in the company’s 2018 IPO prospectus that his goal was to create a model combining aspects of Costco with Disneyland. That includes Pinduoduo’s pioneering “group buying” platform, in which consumers are given the option to buy products directly or they could recruit their friends to purchase bulk orders directly from manufacturers to reduce the cost. In September, Pinduoduo is expected to launch a cross-border ecommerce platform that will target the American market, according to Bloomberg and Reuters.Ĭhinese web site first reported the news last week and said that Pinduoduo intends to replicate the model used by Chinese fast-fashion firm Shein to attract American consumers.Ĭompany executives reportedly has briefed its merchants but details have not yet been finalized, company sources told Reuters.Īccording to Yahoo, after Pinduoduo launched in 2015, the firm quickly found a niche in China’s ecommerce market by bringing more social and video game–like elements to online shopping. Shein also built its empire on the back of an ultraefficient supply chain.Ī smaller but perhaps still substantial may be familiar with Alibaba rival JD.com.īut which large Chinese ecommerce platform is coming soon to the US soon? That would be virtually unheard of Pinduoduo.
Pinduoduo became adept at reducing costs by cutting out supply chain middlemen and encouraging group buying. climbed above a 17-million annual pace in August.A high percentage of Americans probably know the name of giant Chinese ecommerce giant Alibaba. In the context of what remains a fairly bullish case for Tesla - albeit a bullish case that limits Tesla to a niche market - this is a rather radical statement to make about the future of mobility. That "disappearing" steering wheel is a reference to the a Google self-driving car concept, which lacks conventional vehicle instruments.and a steering wheel! BMW) are not falling asleep at the (disappearing) steering wheel. The rules are changing and at least some incumbent OEMs (i.e.
Assuming people even buy cars at all, what will determine Tesla's strategic and competitive advantage as a provider of mobility? We see scope for an array of new entrants who can apply Moore's Law and comput power to move people and things around the surface of the earth. Of these, this factor might be the most sobering: In an autonomous world, why will people buy a Tesla? Our 15 year DCF coincides with the end of human driving and the dawn of crowd source mobility and mega fleets.
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