$PDD Holdings Inc(PDD)$ Their business method is: Low price, high volume, bent over backward for customer at the expense of sellers on the platform, NO FAULT return policy that don't ask buyer to return merchandise.
What kind of customer base do you think this business model would attract?
It's good for short term seasonal "get in then get out" for the investors.
The business model itself requires the platform to expand to other country with new batch of customer wanting cheap goods, but you would burn bridges with ALL the small business trying to grow with the platform.
It's great for consumer buying cheap temporary items, but investors bear so much political risk without a lucrative guidance to balance it out.
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