Huang Zheng resigns as chairman of Pinduoduo and will invest in scientific research
Every newsletter on March 17th, Pinduoduo confirmed to reporters that the board of directors has approved Huang Zheng’s resignation as chairman. The current chairman is taken over by co-founder and current CEO Chen Lei. Huang Zheng has issued a 2021 shareholder letter announcing the matter, and said: After resigning as chairman, he will more combine his lifelong interests and devote himself to research in the fields of food science and life science. On the same day, Pinduoduo released its fourth quarter and full-year financial reports for 2020. As of the end of 2020, Pinduoduo had 788.4 million active buyers for many years. The platform added 57.1 million active buyers in the fourth quarter, and the cumulative number of new active buyers last year exceeded 200 million.

Last night, Pinduoduo founder Huang Zheng announced in the 2021 shareholder letter that he will resign as the chairman of Pinduoduo and be succeeded by the current CEO Chen Lei. In the letter, Huang Zheng stated that after retiring, he “want to do some research in the fields of food science and life science.” Judging from the letter to shareholders, Huang Zheng has set his future goals to “qualitatively increase the added value of agricultural products, and qualitatively increase the level of physical health.” As for what can be done to achieve this goal, he raised three questions, roughly as follows: 1. Can the content of harmful heavy metals in agricultural products be effectively controlled while increasing the level of beneficial trace elements (and vitamins); 2. Can the supply be more stable? Healthy vegetable protein “Vegetarian 2.0”; 3. Continuing the 2016 Nobel Prize achievement “Molecular Robot” research, can protein robots be developed to dredge human brain blood vessels? Guo Husk tried to answer three scientific questions. By controlling the methods of the cultivation process of agricultural products, is it possible for us to reliably and effectively control the content of potentially harmful heavy metals in potatoes, sweet potatoes, tomatoes, etc., and at the same time control and standardize the potentially beneficial trace elements The promotion? If there is a kind of tomato in the future, each one contains VC and other trace elements that are most suitable for our body, will our quality of life be significantly improved? Controlling the content of heavy metals in agricultural products has always been a goal in the agricultural field, and so far there have been a lot of exploration results. The reason is very simple, as long as there is no heavy metal in the plant growth substrate, or the heavy metal content is in a low concentration range. The simplest way is to prepare a bottle of nutrient solution without heavy metals in it, and the crops grown in this bottle will naturally have no heavy metals. The difficulty is that my country’s agricultural production is mainly carried out in large fields. It is impossible to accurately control the soil substrate of 1.8 billion mu of farmland, so it is objectively difficult in practice. Reducing heavy metal pollution in the soil requires soil remediation, which is also one of the current research hotspots; there are many specific remediation methods, including physical remediation, chemical remediation, biological remediation, and so on. So, can you increase the beneficial trace elements (and vitamins and other nutrients) in tomatoes, potatoes, and sweet potatoes? Nutritionist Gu Zhongyi said in an interview with Guo Husk: “If vitamins can be increased, it is generally a good thing. However, more vitamins are not the better. Some vitamins can also bring risks if you consume too much.” In addition, each person’s nutrient requirements and food intake are different, so it is difficult to say “what value level of vitamin C in a certain fruit and vegetable is the best for the human body.” “There is a possibility, such as the current Chinese The proportion of insufficient dietary fiber, vitamin B1, vitamin B2, and calcium intake is very high. If some techniques can be used to increase the content of these inadequate nutrients in some cheap food materials, the advantages outweigh the disadvantages.” Gu Zhongyi added this way. Tao. If we can more thoroughly understand the changes and effects of different plant proteins and animal proteins after ingestion in the human body, and then synthesize and produce meat substitutes through plant proteins, then whether this new vegetarian chicken 2.0 is likely to become more Healthy, greener and stable supply? possible. Various biotech start-ups have come up with a variety of “artificial meat” manufacturing solutions. One is “growing animal meat in a petri dish”, which utilizes the potential of animal stem cells used for meat to develop into cell tissue; the other is “making plant protein eat like meat”, that is, “Vegetarian Chicken 2.0” as Huang Zheng said. “. “Plant protein meat” contains almost no cholesterol and saturated fat, which can be said to be its advantage. Walter Willett, professor of nutrition and epidemiology at Harvard University, once said that replacing red meat with plant protein can reduce the risk of cardiovascular disease. However, the shortcomings of vegetable protein meat must also be considered: the absorption rate is low, the type and quantity of protein provided are far from what the human body needs, and the energy density and food thermal effect are not as good as animal meat. Another type of “artificial meat that really resembles meat” is still expensive to produce, and the taste is not yet satisfactory. However, this industry is also developing rapidly, and the cost and taste will be further optimized. And, artificial meat is really more environmentally friendly and greener than traditional meat: it hardly needs to occupy land resources, uses 82-96% less water, and reduces greenhouse gas emissions by 78-98%. If we go further and delve into the study of protein structure and properties in the human body, is it possible for us to follow the path of the molecular machine of the 2016 Nobel Prize winner in chemistry and further develop protein robots that can enter the human brain? To dredge the blood vessels to avoid stroke? Here we must first explain one point: Medically speaking, appropriate intravenous thrombolysis is the most effective drug treatment method for improving the outcome of acute ischemic stroke; one of the main difficulties is that most patients are not delivered to the hospital in time or for various reasons Delay in the hospital. It is conceivable that even with medical micro-robots, patients still have to face similar dilemmas. The concept of “micro-medical robots” appeared very early. In the American sci-fi movie “Magic Journey” released in 1966, several doctors used a shrinking device to shrink the submarine to the size of red blood cells and send it into the patient’s cerebral blood vessels to remove blood clots. However, the 2016 Nobel Prize achievement “rotaxane molecular robot” is not suitable for rushing into the human body to act as a doctor. Molecular-level robots, especially those with protein structures, can easily cause human immune responses if they come into contact with blood. Today, a variety of biomedical micro-robots with safe performance have been born; however, due to their limited size, they are temporarily unable to integrate integrated circuits and sensors, and their exercise capabilities are also strictly limited. For this reason, scientists have come up with various driving methods, or gene-edited living cells that have the ability to move. At the same time, scientists are still trying to add artificial exoskeleton to them to enhance their “tackling” capabilities. In response to thrombosis, researchers from the Massachusetts Institute of Technology recently trial-produced a “linear micro-robot”. Its material is mainly nickel-titanium alloy, a composite magnetic induction material made of medical hydrogel and 3D printing. This kind of robot can accurately reach the thrombus position in the brain under the external manual control and guided by magnetic force. The researchers said that if the thrombus is too large or too hard, the linear robot can also be equipped with more high-tech weapons, such as thrombolytic drugs or even miniature laser transmitters.

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helpmekim
7 months ago

Don’t talk about those imaginary ones. We say that the 21st century is the century of life sciences. This is true. We say that the four tiankengs are biochemical materials, which is also true. The prospect of life sciences is not suitable for young people who are full of vitality and ideals to enter the industry. Entering the industry is cannon fodder. If Zhihu netizens ask, I want to take the college entrance examination, I want to get a job, what is the future of life sciences. It must be the most conscientious thing to wake him up, one less cannon fodder to accumulate merit. However, life sciences are very suitable for wealthy capitalists. There is too much cash to spend. They need to find a safer and promising high-tech investment field, because they can invest in a lot of targets, reduce the risk of failure, and can also hire a lot of cheap cannon fodder. Work hard for your job. According to the current enthusiasm of the secondary market, any investment in the primary market can be very comfortable. You have to ask me, Huang Zheng went out of PDD to the fields of food science and life sciences. How about this field? I must say that the right choice is a very promising industry. Regardless of the success or failure of the company that Huang Zheng invests in, as long as he is willing to invest a small part of his worth in real money, in the future, he will no longer be the boss of the PDD who started by deceiving people and relying on fakes. Another teacher in the e-commerce industry who cheats consumers on “model innovation” is a real investor in the high-tech industry. Bole, a hard-tech player, may have a different status in his life after a few decades. It is true for capitalists to lay down the butcher knife and become a Buddha. For capitalists, the life science industry has a bright future and it is also true.

heloword
7 months ago

I have long been skeptical of Pinduoduo. After all, the social and sinking attributes mentioned by Pinduoduo are contrary to the general trend of consumption upgrades in my opinion. I know that the sinking market is huge, but I don’t understand why Pinduoduo’s monthly life is higher than Ali? Is Pinduoduo more complete? Or does Pinduoduo marketing have more exposure? From the first- and second-tier 20-40-year-old groups I know, Taobao’s user volume and activity are simply crushing Pinduoduo. How many live broadcasts finally jump to Pinduoduo? Speaking of social networking, what else does Pinduoduo have besides slashing? Nowadays, it is rare for family groups to cut links in WeChat. On the day the balloon broke, whose hand was broken, Rui Xing broke in the US stock market. How about a lot of hard work?

helpyme
7 months ago

After Boss Ma retired, he went to be a village teacher and helped the poor in Africa. After Boss Huang retired, he went to study food science and life science. It shows that only with capital can play science, play education, conduct research, and talk about advanced studies. “Guan Zi. Xiao Kuang” said: “The four people of the scholars, farmers, industry and commerce, the stone people of the country.” Guan Zhong divided the people into: sergeants, farmers, artisans, and merchants. At that time, there was no distinction between honor and inferiority. The Han Dynasty followed Confucianism, and reading and being an official were interrelated, and the status of scholars was getting higher and higher. “Prodigy Poems” says: The emperor is a hero, and the article teaches Ercao. Learning is valuable than anything else. Agriculture is the foundation of a country and has always been valued by the ruling class. Scholar-bureaucrats who were scholars despised merchants, so ancient China gradually emphasized agriculture and suppressed merchants. Later, the social class was divided into four positions: “Senior, Agricultural, Industrial, and Commercial”. At this time, the “shi” were literati and scholars. The current process of these successful people from business to scholarship proves that throughout the ages, they have all reached the same goal by different paths: as the saying goes, “everything is inferior, only high school”!

sina156
7 months ago

Heavy! Pinduoduo’s revenue and user scale hit record highs last year, but Huang Zheng announced his resignation to be a scientist. Before the opening of US stocks on March 17, Pinduoduo released its fourth quarter and full-year earnings report for 2020. The fourth quarter and full-year revenue data were both Set a new high, and significantly higher than market expectations. It is worth mentioning that shortly after the dazzling financial report was announced, Pinduoduo founder Huang Zheng’s 2021 shareholder letter issued on the same day was also exposed. Huang Zheng announced in the letter that the board of directors has approved his resignation from the post of chairman of Pinduoduo, and Chen Lei will take over as chairman of the board from now on and continue to serve as CEO. Affected by this news, Pinduoduo’s stock price plummeted in the pre-market trading stage: from a rise of more than 6% to a drop of more than 6%, the stock price fluctuated more than 12%. As of press time, Pinduoduo’s pre-market price is still down more than 5%. Revenue and user scale both hit record highs. The financial report shows that in the fourth quarter of 2020, Pinduoduo achieved revenue of 26.548 billion yuan, a year-on-year increase of 146%; last year, the platform achieved revenue of 59.492 billion yuan, an increase of 97 compared to the same period last year. %. Both figures were significantly higher than market expectations. According to Bloomberg News, analysts previously predicted that Pinduoduo’s fourth-quarter revenue would be 19.287 billion yuan, and the full-year revenue would be 51.881 billion yuan. The revenue growth was mainly due to the strong growth of online marketing technology service revenue and the revenue generated by the sales of new products. In the fourth quarter, platform online marketing technology service revenue was 18.922 billion yuan, a year-on-year increase of 95%. In the fourth quarter, platform merchandise sales revenue was 5.357.8 billion yuan. While the annual revenue nearly doubled, Pinduoduo’s active user scale also hit a new high. The financial report shows that as of the end of 2020, the number of active buyers of Pinduoduo for many years reached 788.4 million, a year-on-year increase of 35% from 585.2 million at the end of the previous year. In 2020, Pinduoduo added over 200 million new active buyers, of which 57.1 million were added in the fourth quarter. Less than 6 years after its establishment, Pinduoduo has grown at an amazing speed, and even if it has become China’s largest e-commerce platform for users, Pinduoduo’s rapid expansion momentum continues. According to a QuestMobile report, during the Spring Festival this year, Pinduoduo’s daily active users ranked first in the industry for the first time. During this period, Pinduoduo’s per capita daily use time increased by 25.9% year-on-year, which was the fastest growth rate among apps with daily activities exceeding 100 million. It is worth noting that not only is the number of active users still growing rapidly, users are also spending more money on Pinduoduo than before. According to the data disclosed in the financial report, the average annual consumption of active buyers of Pinduoduo increased to 2,115.2 yuan, a year-on-year increase of 23%. Benefiting from the increase in the number of users and the consumption of buyers, Pinduoduo’s GMV in 2020 will reach 1,667.6 billion yuan, a year-on-year increase of 66% from 2019’s 106.6 billion yuan. It is worth noting that even though many of them have set new highs, Pinduoduo is still losing money in the past year: the company’s net profit in 2020 was -7.180 billion yuan, compared with -6.968 billion yuan in 2019, and the loss has increased by 3% year-on-year. . Huang Zheng’s resignation as chairman Just as Pinduoduo disclosed the latest financial data, founder Huang Zheng issued a letter to shareholders for 2021, announcing that the board of directors has approved his resignation as chairman of Pinduoduo. Chen Lei will take over as chairman of Pinduoduo and continue Take the position of CEO. After he ceases to serve as the chairman of the board and the management position of Pinduoduo, Huang Zheng’s 1:10 super voting rights will also lapse. The voting rights of the shares under his name will be entrusted to the board of directors of Pinduoduo to make decisions by voting. Huang Zheng made a clear promise that the stocks under his personal name will continue to be locked in the next 3 years and will not be sold. In explaining this important decision in his letter to shareholders, Huang Zheng stated that the drastic changes in the external environment caused by the epidemic and other reasons have accelerated the iteration of Pinduoduo’s internal business and management. Pinduoduo started from a purely asset-light third-party platform, and began a new round of investment in warehousing, logistics and agricultural sources. New businesses began to sprout and grow rapidly in Pinduoduo. This has not only changed Pinduoduo, but also spawned and trained a new generation of leaders and managers. “It’s time to gradually let more waves rise up and shape their own Pinduoduo.” “In the past few years, Pinduoduo’s contribution to the agricultural sector has mainly been in the field of circulation. Then, step by step, what can we do?” Huang Zheng said in a letter to shareholders that after resigning, he will focus on food science and In the field of life sciences, Pinduoduo will explore new space for high-speed, high-quality and in-depth development for Pinduoduo ten years later. In the letter to shareholders, Huang Zheng believes that the competition in the industry is becoming increasingly fierce and even alienated. The traditional scale and efficiency-oriented competition has its inevitable problems. It is necessary to take action on lower and fundamental issues and focus on core technology. And its basic theory to find the answer. Huang Zheng believes that Pinduoduo itself is still very young, there are still thick and long snow slopes, and there is still room for long-term high-speed growth, but if it is to ensure its high-speed and high-quality development in 10 years, some explorations are now justified. actually. As the founder, Huang Zheng hopes to combine his own interests and step out of “touching the stones on the road in 10 years.” In the letter to shareholders, Huang Zheng gave an example and looked forward to the scientific research field he will devote to long-term after resigning as chairman. For example, through the method of controlling the cultivation process of agricultural products, exploring the reliable and effective control of the content of potentially harmful heavy metals such as potatoes, sweet potatoes, tomatoes, etc., and at the same time, the controllable standardization of its possible and beneficial trace elements. “I can’t become a scientist, but I may have the opportunity to become an assistant to the future (great) scientist. That is also a very happy thing.” Huang Zheng said that in-depth research in these basic science and technology fields will help to break through the innovation of the circulation mode of “breaking down the two ends of the middle supplement”, and qualitatively improve the added value of agricultural products and the level of health. (This article is for reference only, does not constitute investment advice, and operates at your own risk accordingly)

yahoo898
7 months ago

Life sciences and food sciences should both be fields closely related to our lives. From a vulgar point of view: one that allows us to eat healthier and more comfortable, and one that allows us to live longer and have a higher quality of life. Compared to Musk’s frequent moves to Mars, Huang boss is still quite grounded. How many people dream of being able to retreat and do what they want to do. Moreover, science requires interest and enthusiasm, suitable for these rich idealists to engage in, so that the probability of success is higher. I have also done some research related to food health. If boss Huang needs me and wants to go to work, he just doesn’t know if they want me haha. No, today, boss Huang established the “Fanxing Charity Fund” as part of the financial support for the establishment of a scientific research center in Shanghai by his alma mater Zhejiang University. At present, food safety is definitely the focus of our country’s attention. A series of problematic foods were exposed at the 3.15 party not long ago, including drugged oranges. Therefore, the food safety field must be a project related to people’s livelihood, and I hope it can be truly implemented. Moreover, compared to life sciences, food sciences are more effective and can do more. I only hope that our country’s food will have fewer additives in the future. Now I go to the supermarket to buy things, and I don’t want to buy the ingredients at the back. They are all additives and flavors, and all kinds of them are emerging. Specific to the ideas proposed by Boss Huang, I am not optimistic about the research on molecular machines, because I am a small colleague of molecular machines, and I feel that molecular machines are still far away from application. To be fair, it is more reliable to control the content of heavy metals in agricultural products and food. Moreover, getting involved in the food field of the common people in this way is also welcomed by the common people. From an academic point of view, the primary pollution source of heavy metals in food and agricultural products is soil. How to remove heavy metals in the soil is the key. Laboratories can use adsorption materials to enrich the heavy metals in the soil. However, there is still a long way to go to expand the scale of the laboratory to a large-scale soil that can be practically applied. The state’s investment in this area is actually quite large. Last year’s key special project of the Ministry of Science and Technology included a heavy metal treatment project for soil pollution: Therefore, I hope Mr. Huang will make more contributions in the field of food and successfully realize the “price” advantage from Pinduoduo to ” The transformation of “food yellow” advantage of “quality”.

leexin
7 months ago

Huang Zheng’s retreat and advancement: successively stepping down as CEO and chairman, will the actual control Pinduoduo meet the post-wave era? The control of Pinduoduo is still in the hands of Huang Zheng and other management teams. On March 17, Pinduoduo released its financial report for the fourth quarter of 2020 and the full year. As of the end of 2020, Pinduoduo had 788.4 million active buyers for many years, making it the largest e-commerce platform in China. However, while Pinduoduo has become the largest e-commerce platform in China with the largest number of users, another news that may affect this e-commerce platform “turns out”-founder Huang Zheng resigns as chairman of Pinduoduo. Huang Zheng announced in an internal letter that the board of directors has approved his resignation as chairman and the co-founder and current CEO Chen Lei will take over. Huang Zheng said that after resigning as chairman, the stocks under his personal name will continue to be locked for 3 years without selling. I will combine my personal interests and devote myself to research in the fields of food science and life sciences. According to several Pinduoduo insiders, Huang Zheng gradually stepped down as CEO and chairman of the board. It is in his plan to gradually step down from his administrative position in Pinduoduo last year, but the actual controller of the company is still Huang Zheng. Pinduoduo founder Huang Zheng. Figure / IC photo Huang Zheng folds? The 1:10 super voting right will be invalid, and the actual controller will not change. As early as last July, Huang Zheng, the founder of Pinduoduo, suddenly sent a letter called “A Small Step of Pinduoduo” to all the staff. He stated in the letter that from July 1, 2020, he will no longer serve as the company’s CEO, and the company’s co-founder and CTO Chen Lei will take over as CEO. After resigning as CEO, Huang Zheng continued to serve as the chairman of Pinduoduo, but gradually “retreated to the second line” in the external activities of Pinduoduo. In Pinduoduo’s external voice and publicity, more emphasis was placed on “Pinduoduo CEO Chen Lei”. Huang Zheng himself was present at the official activities of Pinduoduo, but he did not do much publicity. Similarly, Pinduoduo’s promotional pictures no longer focus too much on the founder. Even if Huang Zheng appears in the promotional pictures, the caption does not mention the chairman, but more about “the new CEO.” Chen Lei”. Eight months later, Huang Zheng resigned as chairman of Pinduoduo, and “new CEO Chen Lei” continued to take over as the new chairman of Pinduoduo. After resigning as chairman and Pinduoduo’s management position, Huang Zheng’s 1:10 super voting rights will also lapse. According to internal information, the voting rights of Huang Zheng’s personal shares will be entrusted to Pinduoduo’s board of directors to make decisions by voting. He also promised that the stocks under his personal name will continue to be locked in the next three years and will not be sold. Huang Zheng disclosed the reasons for his resignation in the shareholder letter. “The increasingly fierce competition in the industry and even the alienation made me realize that this traditional scale and efficiency-oriented competition has its inevitable problems. To change, we must. Acting on lower-level and fundamental issues requires finding answers based on core technology and its basic theories.” Huang Zheng said that one of the reasons for the change of position is to ensure Pinduoduo’s high-speed and high-quality development 10 years later. Another reason for resignation, Huang Zheng revealed, because of Pinduoduo’s internal business and management iterations, it is time to gradually give in to younger generations and new managers. At the same time, Huang Zheng said, “Pingduoduo should not have too much personal touch.” Compared with commercial content, Huang Zheng talked about issues related to agricultural (food science) research in his internal letter. Talking about the work after leaving office, he said that he will pay attention to research in the fields of food science and life sciences. “For example, through the control of the agricultural production process, is it possible for us to affect the potentially harmful heavy metal content of potatoes, sweet potatoes, tomatoes, etc.? To carry out reliable and effective control, and at the same time to carry out a controllable and standardized promotion of its possible and beneficial trace elements?” Huang Zheng said early on that if he didn’t start a business, he wanted to be a scientist. Some people questioned the opinion that he didn’t expect that he would completely put aside his business and go to the road of agricultural scientist so soon? Several Pinduoduo insiders revealed that Huang Zheng’s gradual resignation as CEO and chairman is in his plan. The main reason is that he does not want to take up too much time with external communication. Therefore, he gradually stepped down from his administrative position in Pinduoduo last year. Focus more on the company’s development itself. The actual controller of the company is still Huang Zheng. According to documents submitted by Pinduoduo to the US Securities Regulatory Commission on July 1st last year, the proportion of Pinduoduo shares controlled by Huang Zheng dropped from 43.3% in April 2020 to the latest 29.4%; the proportion of voting rights dropped from 88.4% to 80.7% . The control of the company is still in the hands of Huang Zheng and other management teams. So far, the core founders and leaders of “Maogou Pin (Ali, JD, Pinduoduo)” in the arena, namely Jack Ma, Liu Qiangdong, and Huang Zheng, have all “retreated behind the scenes.” As of press time, Pinduoduo’s pre-market share price has fallen by about 7%. The number of users is close to 800 million, and the transcript of “Farewell Day” is dazzling. On the day Huang Zheng stepped down as chairman, Pinduoduo handed in a dazzling transcript. The financial report shows that as of the end of 2020, the number of active buyers of Pinduoduo for many years reached 788.4 million, a year-on-year increase of 35% from 585.2 million at the end of the previous year. In the fourth quarter of 2020, the average monthly active users of Pinduoduo APP reached 719.9 million, an increase of 76.5 million in a single quarter. In terms of turnover (GMV), as of the end of 2020, Pinduoduo’s turnover (GMV) was 1,667.6 billion yuan, a year-on-year increase of 66%. In the fourth quarter of 2020, Pinduoduo’s revenue increased by 146% to 26.547 billion yuan, and its annual revenue increased by 97% to 59.491.9 billion yuan. In 2020, with the massive increase in users, the average annual consumption of active buyers of Pinduoduo will increase to RMB 2115.2, a year-on-year increase of 23%. Under Non-GAAP, Pinduoduo’s net loss attributable to ordinary shareholders in the fourth quarter was 184.5 million yuan, and the net loss for the whole year was 2.965 billion yuan, both narrower than the same period last year. In terms of user scale, Pinduoduo, which was founded less than 6 years ago, has developed into China’s largest e-commerce platform. The financial report shows that Pinduoduo’s revenue growth is mainly due to the strong growth of online marketing technology service revenue and the revenue generated by the sales of new products. In the fourth quarter of 2020, platform online marketing technology service revenue was 18.922 billion yuan, a year-on-year increase of 95%. For the whole year of 2020, Pinduoduo’s online marketing technology service revenue was 47.953.8 billion yuan, a year-on-year increase of 79%. In the fourth quarter, platform merchandise sales revenue was 5.357.8 billion yuan. Chen Lei proposed “returning to agriculture” at last year’s performance conference call, and Huang Zheng’s farewell letter focusing on agricultural research also had a clue. Chen Lei previously stated that Pinduoduo will continue to invest heavily in agricultural technology research and development and the construction of a agricultural product upstream system, continue to make “heavy” investment in this field, and will work with partners to build a cold storage cold chain to improve the efficiency of agricultural product circulation. It is worth noting that in the fourth quarter of 2020, Pinduoduo has made a new round of heavy investment in warehousing, logistics and agricultural sources, and its operations have basically reached a breakeven during this quarter. Under non-GAAP, the platform’s net loss in the fourth quarter of last year was 184.5 million yuan, compared with 815 million yuan in the same period last year. The net loss for the year was 2.965 billion yuan, compared with 4.265.8 billion yuan in the same period last year. Relevant executives of Pinduoduo stated at the performance conference call on March 17 that Pinduoduo will have close to 800 million active buyers. One of the factors behind the growth momentum of this financial report is Pinduoduo’s “agricultural” focus. The executives especially talked about Dodobuy. Dodobuy is a service outside of Pinduoduo’s main station and is a new entry. At present, the data on all aspects of Dodobuy is still growing. Consumers’ online and offline consumption behaviors Integration will become a new development opportunity for Pinduoduo.

greatword
7 months ago

Recalling what happened to Dong Ge, and looking at the current situation of Boss Ma, I will make the same choice: fight for the rise of science. Fan Li, one of the pioneers of Chu Studies. It was honored as “Shang Sage” by later generations, one of “Nanyang Five Sages”. He helped Goujian, the King of Yue, to rejuvenate the Kingdom of Yue, destroy the Kingdom of Wu, shed the shame of Kuaiji, achieve hegemony, and was made a general. After achieving fame, the rapids retreated bravely, changed his name and surname to Yi Zipi, and wandered between the 72 peaks. During this period, he became wealthy three times in business and scattered his wealth. He later settled in Taoqiu of the Song Dynasty and named himself “Tao Zhugong”. The world’s reputation: “Loyalty to the country; wisdom to protect one’s life; business to get rich, and become famous.” Many future generations of businessmen have worshipped his statue and respected him as the god of wealth.

loveyou
7 months ago

Let me put it this way, Huang Zheng really wants to retire. Some answers say that Huang Zhengde is not coordinating. He is a false name in the company and kicked away by capital. This is pure nonsense. If he does not want to retire, according to the current company structure, no one can ask him to retire. You just use the means to send him in, and he can continue to influence the company. Moreover, the resignation this time is too thorough. The chairman no longer holds the position, the management position within the company is no longer held, the super voting rights are waived, the voting rights corresponding to the shares under his name are entrusted to other directors, and the shares under his name are locked at least Not for sale for three years. This can be said to have removed everything. If it weren’t for the truth, it would be impossible. If there is really a group in China that can force Huang Zheng to do this, it is only possible that the state will take action. But I want to know that this is a fantasy. So he said he wanted to do some scientific research and focus on the food field. I believe it.

strongman
7 months ago

These have always been the directions that should be studied, the prospects have always been optimistic, and the reality has always been slapped. First of all, who is Huang Zheng, does he really have the intention to do something that will obviously not produce results in 50 years even if the black swan incident does not occur? Based on what happened in Pinduoduo, I think: The motivation is not pure and the composition is not noble. Impure motives will make him deviate in the end (high probability is to make money), and everyone will not see the existence of Yuan Lao. The lack of noble ingredients will prevent him from distinguishing the quality of the research. God is fair. While giving you business talent, it is impossible to give you technical talent. Pinduoduo has caused so many things to become a mess that has to be run. And whether his tomato, bio-robot, and Bin Xixi will be the same in the end, it depends on whether he dares to go on the road with the courage to go bankrupt.

stockin
7 months ago

Regarding Huang Zheng’s resignation as the chairman of Pinduoduo, everyone has their own opinions. We all know that Huang Zheng is 41 years old this year. Before he resigned, Pinduoduo had 780 million active buyers, with an annual GMV of 160 million yuan and an average annual sales of 2,000 yuan per capita. So far, Pinduoduo is still growing rapidly. It is indeed a fact. Why did Huang Zheng choose to leave at this point in time? Because he feels that Pinduoduo has already formed a growth inertia in the retail and distribution fields. But in the next 5-10 years? Relying purely on the retail sector to create value, there is no incremental increase. What needs to be reformed is the underlying supply chain, especially the supply chain of agricultural products and food. After resigning, Huang Zheng will do some low-level scientific research. I think Huang Zheng has two points, which are worthy of every entrepreneur to learn: First: the vision Huang Zheng thinks far enough, many entrepreneurs only care Do the things in front of him, but he can think of where Pinduoduo’s ceiling will be in five years, and make breakthroughs in these things in advance. Second: There is idealism. Huang Zheng is very idealistic. He wanted to be a scientist since he was a child, but he had no chance in the future. He hoped that he could become a scientist’s assistant in the future and help the development and progress of science. No wonder Duan Yongping was able to bring Huang Zheng, who was only in his 20s, with him when Duan Yongping went to see Buffett more than ten years ago. What are the current status and prospects of the food science and life science fields? At present, food safety is definitely the focus of our country’s attention. A series of problematic foods were exposed at the 3.15 party not long ago, including drugged oranges. Therefore, the food safety field must be a project related to people’s livelihood, and I hope it can be truly implemented. Moreover, compared to life sciences, food sciences are more effective and can do more. I only hope that our country’s food will have fewer additives in the future. Now I go to the supermarket to buy things, and I don’t want to buy the ingredients at the back. They are all additives and flavors, and all kinds of them are emerging. The above only represent my personal views. If you have different views, you can chat with me privately and discuss them together!

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