In recent years, Pinduoduo has flourished, not only surpassing Alibaba for a time, but also causing a huge impact on Amazon in the US market. The rise of Pinduoduo has made the market more competitive, and Amazon has become the biggest competitor. In this regard, Huang Zheng's overseas temu application has played a key role.
Over the past year, Pinduoduo's share price has climbed all the way to surpassing Alibaba's market capitalization, which has attracted the attention of the industry and investors. Huang Zheng's retirement did not have much impact on the development of Pinduoduo, but turned losses into profits, with a single-year profit of more than 30 billion. Pinduoduo quickly attracted a large number of users with its low-price strategy, resulting in a rapid increase in its market capitalization. On a global scale, Amazon has always been a giant in the field of e-commerce, especially in the US market, where Amazon occupies an absolute dominant position.
However, Pinduoduo has quickly risen in overseas markets through the temu app and has become one of Amazon's biggest competitors. Last year, Temu entered the top four in the US app store, and the number of its users in the US has grown rapidly. In this year's Super Bowl game, Temu launched an ad that garnered 40 million in just 30 seconds. This shows Huang Zheng's determination and strength in the development of overseas markets. As the annual finals of American football, the Super Bowl is as influential as China's Spring Festival Gala. Temu's ability to appear on the stage of the Super Bowl in the United States further demonstrates Huang Zheng's determination to develop globally.
In the past, Ali and JD.com had some problems in the development of overseas markets and missed many opportunities. However, a new generation of young Chinese entrepreneurs with a stronger international outlook, such as TikTok, Temu and Shein, is currently growing rapidly. Amazon's success has made Bezos the world's richest man, but with Temu's rise in overseas markets, it remains unclear whether Amazon will be able to hold on to its dominant position. Temu has entered dozens of countries, and Huang Zheng has expanded China's business model to other countries, which is a dimensionality reduction blow to Amazon. Pinduoduo's low-price strategy has also been a huge success in the U.S. market, where even the poor make up a large share of the population. With the global economic downturn, Pinduoduo's development prospects are broader.
Amazon has been leading the U.S. market for years, but it can't resist Temu's competition. However, the United States also has its own killer weapon, and I believe everyone is well aware of the actions of Huawei and TikTok. Based on this, Huang Zheng may have been fully prepared to promote temu to overseas markets. In addition to the U.S. market, temu is also expanding into other markets such as Europe and Southeast Asia, and its future prospects can be described as positive.
Not only in the field of e-commerce, but also Chinese companies are surpassing American companies in terms of experience in operating Internet platforms. This is one of the reasons why many U.S. Internet companies are unable to gain a foothold in the Chinese market. Ten years ago, Chinese companies were learning Xi the American model, but now they are exporting Chinese business models to the United States. In addition to short ** and e-commerce, China's domineering president-style skits have also recently become popular on the American Internet, which proves that the influence of Chinese culture in the international market is growing.
To sum up, the rise of Pinduoduo has brought a huge impact to Amazon. With the rapid rise of temu in overseas markets, Amazon's position is no longer secure. Although in China, Alibaba, Pinduoduo and JD.com are in a three-pronged position, in the overseas market, Temu is expected to steal some of Amazon's market share. Huang Zheng's determination and strength will determine the future of Pinduoduo, and Chinese entrepreneurs have shown extraordinary speed of development and international vision in the global competition. China is constantly exporting culture to the United States, and Temu has great potential in the European and American markets, and if it can replace Amazon as the leader in the global e-commerce field, Huang Zheng is expected to become the richest man in the world.