PDD.US – 3Q18 Results Quick Look

Projection vs Actual Source of Difference ~ Operation Metrics ~ [1] Conversion rate defined as LTM Active Buyer / Avg. MAU decreased (an improvement for me) significantly by around 10 percentage points. [2] Actual LTM average rate per active buyer is higher then projected [3] Overestimation of adoption rate based on Wechat MAU [4] Underestimation … Continue reading PDD.US – 3Q18 Results Quick Look

PDD.US – Initial Analysis

PDD.US [November 17, 2018] * Initial Analysis * Business Model PDD is platform-on-a-platform marketplace which leverage established social network of foundation platform to aggregate consumer demand at large volume for merchants enabling deep volume discount for consumers. Current Monetization / Revenue Stream Currently, PDD monetizes the marketplace by providing online marketing services to merchants and … Continue reading PDD.US – Initial Analysis