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Chinese e-commerce app Pinduoduo is one of the biggest and most profitable retailers in the world. It is spending a huge amount of money on international expansion through a new app called Temu, which analysts say could disrupt everyone from Amazon to high street retailers. However, the company behind Temu and Pinduoduo is extremely secretive and there are questions about its business model, how it operates and how it communicates with investors. Read more at #pinduoduo #temu #china #ecommerce #ecommercebusiness #amazon #alibaba 00:00 - Pinduoduo is not a normal company 00:58 - What is Pinduoduo? 02:11 - What is Temu? 03:26 - Why are PDD Holdings' finances so opaque? 06:23 - Why is PDD's head office in Dublin, Ireland? 08:54 - PDD's unusual origins and odd corporate structure 12:19 - How does Pinduoduo actually operate? 14:09 - How is PDD funding Temu? 15:33 - Temu, the most important development in ecommerce for some time 17:24 - How does Temu's cross border model actually work? 21:23 - What risk factors does Temu face? 23:55 - Transparency matters to investors, but Chinese manufacturing remains dominant See if you get the FT for free as a student () or start a £1 trial: ► Check out our Community tab for more stories: @FinancialTimes/community ► Listen to our podcasts: ► Follow us on Instagram: '
