Pinduoduo

See you next time. Let me retake that. That might be our teeth quote. Oh no, terrible. Welcome to season seven. Episode one of Acquired, the podcast about great technology companies and the stories behind them.

I'm Ben Gilbert. I'm David Resendal. And we are your hosts. Today we are talking about and I quote from their IPO perspectus. An exemplification of a multidimensional space seamlessly integrating cyberspace and the physical space.

A combination of Costco and Disneyland driven by distributed network of intelligence agents. Ben, it's like you're reading from my history and facts there. I figured you would have pulled that too. Unbelievable. Like Absolutely unfathomable. At first I thought and Disneyland was gonna be the hook, and then I realized all the stuff around it is actually far more absurd. So listeners, of course we are talking about the Chinese e commerce company, Pin Duo Duo. Now, why is this a fascinating company? Well, first off, it's only five years old. And they went public on the Nasdaq two years ago in twenty eighteen, three years into their existence. They are the fastest company ever to a hundred billion dollar market cap. And they've nearly tripled in value since the coronavirus spiked globally mid March. So almost all of that market cap, or or you know, two thirds of that market cap created in the last few months.

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