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Understand Huang Zheng's harsh words, and you'll grasp the core logic of Pinduoduo
Huang Zheng once said a very famous sentence to explain the core of Pinduoduo: "Satisfy users' feeling of getting a bargain." This was his original words in an interview with "LatePost" in 2018. The context at that time was like this: Huang Zheng: We also sell iPhone X, low price is just our phased way to acquire users. Pinduoduo has a deeper understanding of cost-effectiveness than most platforms, that is, it always exceeds consumers' expectations. Our core is not "cheap", but to satisfy users' feeling of getting a bargain. I once wrote an article about the "more, faster, better, and cheaper" of e-commerce, focusing on analyzing what "cheaper" really is...
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