Chinese e-commerce app Pinduoduo is one of the biggest and most profitable retailers in the world. It is spending a huge amount of money on international exp...

The rise of Pinduoduo and Temu: profits and secrets | FT Film

The rise of Pinduoduo and Temu: profits and secrets

The rise of Pinduoduo and Temu: profits and secrets- Grapevine

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Pinduoduo's ultimate game: Become #2 in China, and make Temu #2 in USA. Become largest global eComm powerhouse 🧠

Corporate strategy

There's obviously the climate cost of everything, but to be more valuable than H&M ($22B), Gap ($16.7B), and UNIQLO ($15.7B) at just ~10 years of existence is crazy

Shein is one of the most phenomenal businesses to come up in the last decade

Product Manager

Welcome to Indian Startups's Private Community

Just read this after getting to know earlier today that one of the cofounders have resigned. Didnt even know that the cofounders never had a stake, they’d just get a salary. Super weird.

Reliance pulls representatives from Dunzo’s board

Analyst

Bytedance crosses Tencent in both revenue & profit. What a rise!

Growth and strategy

https://www.google.com/amp/s/m.economictimes.com/tech/technology/flipkart-india-logs-9-revenue-growth-at-rs-55823-crore-losses-widen-by-42/amp_articleshow/104644333.cms

Flipkart losses widen by 42% to Rs 4,845.7 crore. Total loss of Flipkart  since inception now amounts to Rs. 12,600 crore. And we are talking about  the flag bearer of India's success story 's performance in 16th year since its inception

Software Engineer

- Lazada, Alibaba's Southeast Asian e-commerce unit, turned EBITDA-positive for the first time in July, marking a significant milestone for the company.
- CEO James Dong announced the profitability milestone in an internal meeting, attributing it to effective business strategies and ongoing investments in Southeast Asia.
- Alibaba reported that Lazada's loss per order had narrowed significantly due to better monetization and reduced logistics costs.
- Despite not breaking out Lazada's financials, Alibaba's international e-commerce division posted a wider adjusted EBITDA loss of $1.12 billion in the latest fiscal year.
- Lazada continues to face stiff competition from Amazon and Sea's Shopee in the Southeast Asian market. 

 Source: [Marketwatch](https://www.marketwatch.com/story/alibaba-s-lazada-unit-turned-ebitda-positive-in-july-b63b72cd)

Alibaba's Lazada Unit Achieves Profitability in July

Journalist

We always doubt some. For me it was Zepto, never thought I’d see them here. But they’ve really managed to grow while Swiggy and Blinkit were around. 

Which other startups have surprised you by becoming big, despite all odds? Or despite not seeming like big opportunities for you?

Which Indian Startup/product has surprised you with how big it became?

Founder

I had heard Waycool was also talking to raise at unicorn valuation, but they've fired like 300 people on Monday, so that's pretty uncertain. What to make of Zepto, though?

India's 109th unicorn?

Data scientist

Found this report by Inc42 on Linkedin.

Hope things get better!

In April 2022, #Dunzo cofounder &amp; CEO Kabeer Biswas said quick commerce is a game of optimisation — but ironically, 18 months later, Dunzo has very little left…

Inc42 Media on LinkedIn: #dunzo

A report on Dunzo's timeline

Temu, a Chinese-founded e-commerce company, became the most-downloaded app in the U.S. in just over a year. The retailer has flooded social media feeds with ...

The rise of Pinduoduo and Temu: profits and secrets

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