65: Section 65

In an instant, the number of comments quickly exceeded one hundred thousand.

“Holy crap, 530! There was a transaction volume of 150 billion yesterday alone? Pinduoduo is taking off!”

“To be honest, 300 yuan of yesterday’s 150 billion was mine.”

“From now on, I can also say that I participated in a project worth over a hundred billion.”

“I remember Taobao’s highest single-day transaction volume was only 80 billion, right? Pinduoduo directly doubled that.”

“Taobao must be furious. Their attempt to copy Pinduoduo’s Cut-a-thon Red Envelope was slammed across the internet, and then not long after, Pinduoduo’s transaction volume surpassed theirs.”

“Although this transaction volume was brought about by the Double Eleven Shopping Festival, I think it’s only a matter of time before Pinduoduo’s average daily transaction volume surpasses Taobao’s.”

Among these countless comments, some users began to worry about when their deliveries would be shipped.

After all, such an exaggerated transaction volume would certainly be accompanied by an incredibly massive number of deliveries.

If it took ten days or half a month to ship, no one would be able to wait.

And after hearing the users’ concerns, Pinduoduo quickly released a statement.

Pinduoduo announced that all deliveries would be shipped within seven days. This period would have been longer, but Pinduoduo has its own self-operated logistics and warehouses.

Some time before the Double Eleven Shopping Festival, Wang Mo had estimated which products would see a surge in sales, so he had these products pre-positioned in warehouses across various regions.

After hearing Pinduoduo’s explanation, users were mostly relieved.

At the same time, Pinduoduo also announced that the Double Eleven Shopping Festival would become a recurring event.

Every year on Double Eleven, Pinduoduo would launch an online shopping festival.

This news undoubtedly made many users cheer again. No one could refuse an online shopping festival with huge discounts once a year.

Many users even tagged Taobao, hoping they would join next year.

However, these users did not know that Taobao’s internal operations were already in chaos.

Pinduoduo’s terrifying transaction volume during Double Eleven had truly shaken Taobao’s position.

If Pinduoduo’s Cut-a-thon Red Envelope and Hundred Billion Subsidy had only made many people aware of Pinduoduo’s existence before, then this Double Eleven truly gave Pinduoduo the qualification to challenge Taobao’s position.

After all, for online shopping software like them, the most important thing they value is transaction volume.

But now, Taobao’s proudly held highest single-day transaction volume had been far surpassed by Pinduoduo. How could they not panic?

However, compared to the tension within Taobao, Pinduoduo’s internal operations were in a joyous atmosphere.

Aside from Wang Mo, no one else would have imagined the day before that the shopping festival’s transaction volume could break through one hundred billion.

So, when many employees came to the company the next day and saw this achievement, they were no less shocked than Taobao’s employees.

However, their shock was entirely positive.

And after the Double Eleven Shopping Festival event, Wang Mo’s next step was to truly make Pinduoduo’s user base surpass Taobao!

Chapter 65: Taobao’s Emergency Meeting, Final Plan!

“Holy crap, 160 billion, that’s 160 billion!”

“Before I went to bed last night, I had already raised my psychological estimate to 70 or 80 billion, and even thought it might be possible to surpass Taobao’s single-day transaction record.”

“But I never expected this shopping festival to generate a transaction volume of 160 billion!”

“Boss, oh boss, you are truly amazing.”

At this moment, in the Pinduoduo department of Junzi Group, Zhang Fan almost knelt down again, hugging Wang Mo’s leg.

When he went back yesterday, he had already set his psychological expectations very high, but he didn’t expect the actual results to still far exceed his imagination.

When he first arrived at the company this morning and heard the number, he almost fainted.

Listening to Zhang Fan’s words, Wang Mo shook his head helplessly.

“I told you long ago to raise your expectations a bit. The potential of the shopping festival is not as low as you imagine.”

“But you still didn’t dare to think in a more exaggerated direction.”

Upon hearing this, Zhang Fan smiled and scratched his head.

“How could I dare to imagine that Pinduoduo’s transaction volume during Double Eleven could exceed 100 billion?”

“Our Pinduoduo has only been launched for five months now.”

“A shopping software that has only been launched for five months can break the highest transaction volume of Taobao, the decade-long leader in shopping software. No one would believe such a thing.”

“Boss, you are indeed too amazing.”

Wang Mo clicked his tongue.

“Alright, stop flattering me.”

“It’s just that our highest single-day transaction volume has surpassed Taobao’s. In other areas, we still have a considerable gap with Taobao.”

“Currently, Taobao’s daily transaction volume is still around 15 billion, but we only have 4 to 5 billion.”

“Only the transaction volume on Double Eleven increased; it’s still lower than Taobao’s on normal days.”

Listening to Wang Mo’s words, Zhang Fan waved his hand directly and said, “No need to rush.”

“Users’ consumption habits are cultivated slowly.”

“Although Pinduoduo’s average daily transaction volume is lower than Taobao’s right now, I remember very clearly that Pinduoduo’s daily transaction volume is almost steadily increasing.”

“While Taobao has been stuck at 15 billion for a long time.”

“I think this Double Eleven will greatly boost users’ consumption habits on Pinduoduo.”

Zhang Fan paused, with some anticipation in his eyes.

“I’m afraid that for a period after this, Pinduoduo’s daily transaction volume will increase at a very exaggerated rate.”

“It might eventually reach 6 or 7 billion, or even 7 or 8 billion.”

Listening to Zhang Fan’s words, Wang Mo nodded.

“My and Qin Haisheng’s estimates are similar to the figures you mentioned.”

“The popularity of Double Eleven should allow Pinduoduo’s average daily transaction volume to increase to 7 or 8 billion.”

“However, in the short term, that should be the extent of it.”

“This is the limit that Pinduoduo’s current user base can reach.”

Hearing this, Zhang Fan thought of something and looked at Wang Mo, asking, “After Double Eleven, approximately how much will Pinduoduo’s monthly active users increase?”

Shopping software is different from short video software like Douyin. Because not everyone buys things every day, shopping software generally looks at monthly active users, while Douyin focuses on daily active users.

“We internally estimate that the popularity of Double Eleven should allow Pinduoduo’s monthly active users to increase from 50 million to 60 million,” Qin Haisheng said, walking over with a stack of documents.

“And now, because of the failure of Taobao’s Red Envelope event, Taobao’s monthly active users have decreased to 180 million.”

Listening to Qin Haisheng’s words, Zhang Fan read some information from them, and his expression immediately became quite rich.