APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Capital Markets

<a href="https://www.smartkarma.com/entities/27250" target="_blank" data-smartkarma-citation="entities:27250:1">Walnut Street Group Holding (1631938D US)</a> (Pinduoduo) is looking to raise about US$1bn in its upcoming IPO.
Pinduoduo is a mobile e-commerce app which allows group buying with social media features. By amalgamating existing concepts, the company has managed to create a whole new breed of e-commerce that scales fast.
Between FY2016 to FY2017, the company grew its revenue by 245% and turned its initial gross loss to a massive gross profit of RMB1bn owing to operating leverage. It started with a GMV that is just 8% of JD.com in 1Q 2017 to 60% as of 1Q 2018. 
In this insight, we will look at some of the unique features of Pinduoduo, analyze its competitive advantage and how it has been gaining market share so rapidly, then finally, look at some operating metrics and financials.

Walnut Street Group Holding (1631938D US) (Pinduoduo) is looking to raise about US$1bn in its upcoming IPO.
Pinduoduo is a mobile e-commerce app which allows group buying with social media features. By amalgamating existing concepts, the company has managed to create a whole new breed of e-commerce that scales fast.
Between FY2016 to FY2017, the company grew its revenue by 245% and turned its initial gross loss to a massive gross profit of RMB1bn owing to operating leverage. It started with a GMV that is just 8% of JD.com in 1Q 2017 to 60% as of 1Q 2018. 
In this insight, we will look at some of the unique features of Pinduoduo, analyze its competitive advantage and how it has been gaining market share so rapidly, then finally, look at some operating metrics and financials. 

Pinduoduo Pre-IPO Review - Exposure to A New Breed of E-Commerce Platform

PDD Holdings

Pinduoduo Pre-IPO Review - Exposure to A New Breed of E-Commerce Platform