What Is The Idea Of Group Buying?

Group buying isn’t a new concept but it is presented in a new form so everyone understands the idea. When you buy a product in a bulk quantity like buying 100 t-shirts of the same color and size, you expect more discount from the seller. Here you can call it profit sharing. Let’s understand the concept with examples You buy 100 t-shirts from a retail store. In other words, the retailer makes...

An Overview of the Development of E-Commerce and Pinduoduo

The social e-commerce system comes initially. Pinduoduo has experienced remarkable growth since its 2015 start, partly due to its innovative social e-commerce philosophy. It differs from Taobao's C2C and JD's Business to consumer models. Still, it presents itself to the public as a new type of C2B grouping. To enhance sales by using platform advantages, traditional e-commerce platforms like...