I recently spoke with a few friends involved in e-commerce about Pinduoduo (PDD). They shared their experiences as sellers on the platform, and they were all quite dissatisfied. It turns out that Pinduoduo's apparent profitability and its large user base are built on the unsustainable exploitation of sellers. Many merchants enter and exit the platform in succession, and Pinduoduo often fails to adhere to fair practices. However, they had very positive comments about Amazon $Amazon.com(AMZN)$ , saying it doesn't have as many complicated tricks as Pinduoduo. I believe that a healthy platform should value both sellers and buyers equally, ensuring that both parties can benefit sustainably. Relying on exploiting one side for short-term profits is not a viable long-term strategy.
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