The title of this post is taken from the wrap-up of Jeff Bezos, Jack Ma, and The Quest to Kill eBay by Steve Yegge. As I am now focusing on marketplace where network plays a major role in the business model, I'm particular interested in competition between marketplace, invasion of a emerging marketplace, and whether … Continue reading Networks can still be beaten
Projection vs Actual Source of Difference ~ Operation Metrics ~  Conversion rate defined as LTM Active Buyer / Avg. MAU decreased (an improvement for me) significantly by around 10 percentage points.  Actual LTM average rate per active buyer is higher then projected  Overestimation of adoption rate based on Wechat MAU  Underestimation … Continue reading PDD.US – 3Q18 Results Quick Look
As part of PDD.US initial analysis, I built a model to generate financial projection. PDD.US will release its 3Q18 results later today so it's a chance to check the accuracy of my projection and fine-tune parameter assumptions in my model if I want to maintain the model.
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