Podcast
Tech Buzz China by Pandaily
Hosted by SupChina · EN
Tech Buzz China by Pandaily is a biweekly technology podcast that is all about China's innovations. It is co-hosted by Rui Ma and Ying Lu, who are both seasoned China-watchers with years of experience working in the technology space in China. They share and discuss the most important tech news from China every week, and include commentary from investors, industry experts, and entrepreneurs.
12episodes
Episodes
Newest firstAll episodes
Ep. 17: Pinduoduo: From Zero to $23B in Three Years
Aug 7, 2018Tap to summarizeIn this episode of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma tell the story of ecommerce company Pinduoduo, the fastest-growing app in the history of the Chinese internet, from its founding in 2015 to its recent listing on the Nasdaq. What does the company’s IPO prospectus reveal about the intentions and vision of its founder, Colin Huang? In what ways is the app a combination of “Costco and Disneyland” — or not? The episode concludes by revisiting the insights of Mark Pols, currently Corporate Development at Facebook and previously an investor with GGV Capital, whose comments were originally played in Episode 2, in which Pinduoduo was briefly covered. Few in the West realize that Pinduoduo started as two parallel entities: Pinduoduo, which was a marketplace, and Pinhaohuo, which sold fruit and other perishable items via direct sales. The former was intended to be a side project, with the purpose of testing which items would be best for group-buying, but ended up generating 99.8 percent of the company’s revenues by 2017. Indeed, in the last twelve months, Pinduoduo has sold $41.8 billion worth of goods across 7.5 billion orders, with 344 million active buyers — more users than JD’s 302 million, but behind Alibaba’s 552 million. However, how valuable are these juxtapositions, given that Pinduoduo is comparatively just a “3-year-old child”? Listen to the newest episode of TechBuzz China and learn about what Pinduoduo actually does, how it works, and how it’s gained success. Decide for yourself: how will the backlash and lawsuits around counterfeit goods affect Pinduoduo’s long-term success? Just how sticky and sustainable are the app’s viral user acquisition efforts? And more importantly, what can the rest of the world learn from this incredible domestic growth story? As always, you can find these stories and more at pandaily.com. Let us know what you think of the show by leaving us an iTunes review, like our Facebook page, and don't forget to tweet at us at @techbuzzchina to win some swag! See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcribe →Ep. 2: The Rise of Social Commerce, and The Future of Co-Working in China
Apr 24, 2018Tap to summarizePinduoduo is the fastest growing ecommerce platform that you have never heard of. It is behind only Taobao and JD.com in the number of users, exceeding JD.com in their monthly gross merchandise volume, and even surpassing Taobao in the penetration rate of users from lower tiered cities. To understand this phenomenon, Rui not only downloaded the app to give us a sense of why it is so popular, but also shared comments by Kathy Xu of Capital Today, an early investor in JD.com, on why she chose not to invest in Pinduoduo. We also had Mark Pols, a former investor from GGV Capital and Morgan Stanley, share his thoughts on how Pinduoduo has tapped into “an enduring human need.” Another trend that is sweeping China is the real estate side of the sharing economy: coworking spaces and offices. Is it a fundamentally real estate business, or does it belong to the service sector? Is WeWork’s purchase of NakedHub a sign that foreign startups can overcome barriers and succeed in China, or is it just the start of another tragic tale? Hear what Ying-Ying and Rebeca Pan, founder and CEO of the U.S. coworking startup Covo, and a coworking industry pioneer, had to say about the future of coworking in the U.S. and China. Like what you’ve heard? Follow us on Twitter @thepandaily and tweet at us! You can also like TechBuzz China on Facebook for the latest updates and give us a good review! If you would like to provide commentaries for the show, you can contact Rui or Ying-Ying at @ruima or @ginyginy on Twitter. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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