67: Section 67

“What is the background of this Wang Mo?”

“He’s actually able to continuously launch so many activities and plans that we’ve never even heard of.”

“Cut-a-thon Red Envelope, Hundred Billion Subsidy, Double Eleven Shopping Festival.”

“Every single activity has huge positive benefits, not to mention that Pinduoduo launched these three activities one after another without pause.”

“Wang Mo’s sense for market direction is too exaggerated.”

Someone in the conference room muttered, his voice trembling slightly.

And Double Ma’s voice slowly said,

“If he wasn’t sensitive in this area, he wouldn’t have seized the short video trend.”

After Double Ma finished speaking,

there was another moment of silence.

But soon someone spoke up,

“Mr. Ma, what should we do next?”

“Pinduoduo’s user growth is very exaggerated right now; I’m afraid it will break a hundred million in less than half a year.”

“Is there still a way for us to completely defeat Pinduoduo?”

As this sentence rang out, everyone in the conference room looked towards Double Ma.

They also wanted to know the answer to this question.

Before, they had always been too careless.

Even after Pinduoduo launched the Cut-a-thon Red Envelope and Hundred Billion Subsidy, few people thought that Pinduoduo could truly threaten Taobao’s position.

But the launch of Pinduoduo’s Double Eleven, with its 160 billion transaction volume, truly made them feel threatened.

Facing the many gazes, Double Ma directly shook his head.

“Pinduoduo, with the help of the Cut-a-thon Red Envelope, Hundred Billion Subsidy, and the shopping festival activities, has successfully created extremely high user stickiness.”

“Pinduoduo has successfully established a firm foothold in the Yan Country’s online shopping sector.”

“Even Tencent’s previous shopping software didn’t achieve this result.”

“Taobao no longer has the ability to actively defeat the current Pinduoduo.”

Listening to this sentence,

everyone’s expressions were a bit grim.

“It seems.”

Someone muttered,

“From now on, the Yan Country’s online shopping sector will no longer have only Taobao as the only software.”

After this sentence was spoken, everyone was somewhat silent.

This meant that

a large portion of Taobao’s profits would be taken by Pinduoduo from now on.

The scene of Taobao’s dominance would probably never be seen again.

But looking at the oppressive atmosphere, Double Ma suddenly spoke up.

“I only said that Taobao no longer has the ability to actively defeat Pinduoduo.”

“But I never said that.”

“Pinduoduo can continue to survive.”

Listening to this sentence, everyone looked up, with a lot of confusion in their eyes.

Someone even directly asked,

“Mr. Ma, what do you mean?”

“Why can’t Taobao actively defeat Pinduoduo, but Pinduoduo still won’t last long?”

Facing this somewhat contradictory sentence, many people couldn’t understand.

But the Taobao Manager frowned for a moment, then quickly realized something.

He looked up at Double Ma.

“Mr. Ma.”

“You mean.”

“Pinduoduo will die by its own hand!”

Double Ma nodded his head.

“Do you still remember what I said in the last meeting about Pinduoduo’s biggest problem?”

After a moment of thought, the Taobao Manager gave the answer.

“It’s losses!”

“Although Pinduoduo is currently very popular, it is actually in a loss-making phase.”

“The Cut-a-thon Red Envelope is directly throwing money, the Hundred Billion Subsidy is Pinduoduo giving up its own commission for subsidies, and although Double Eleven had explosive transaction volume, Pinduoduo didn’t gain much profit due to the huge discounts.”

“Coupled with its self-operated logistics and warehouses, Pinduoduo is still currently experiencing huge losses!”

Listening to this sentence, Double Ma nodded.

“The costs of Pinduoduo’s various activities are too high, making it almost impossible to profit.”

“For Pinduoduo to profit, its user base must surpass Taobao, becoming the leader in the online shopping sector, the market’s number one.”

“As long as it can’t do that, it will continue to lose money indefinitely until it exhausts itself to death.”

“So we only need to do one thing to make Pinduoduo go bankrupt on its own!”

“What is it?”

Someone below asked.

And Double Ma paused for a moment, then slowly took a deep breath.

“That is to stall!”

“Although Pinduoduo’s user growth is extremely fast right now, as long as we stall and prevent Pinduoduo’s user base from exceeding ours, then Pinduoduo will never be able to profit.”

“A software that keeps losing money will always have only one outcome: death!”

“Pinduoduo’s internal team definitely knows about this problem now, so they will try every possible way to increase their market share.”

“As long as we stall and maintain our user numbers, we win!”

After Double Ma finished speaking,

many people below exchanged glances, their expressions becoming serious.

If they wanted Taobao to remain the only shopping software on the market, then they had to do this.

And at this conference,

numerous plans and measures to counteract Pinduoduo were continuously launched.

Taobao’s internal team now had only one thought: to drag down Pinduoduo.

But what they didn’t know was that

the development of some things simply couldn’t be stopped.

Chapter 66: The Calm Before the Storm, Double Ma’s Talk!!! (Please Subscribe!)

After Taobao’s internal emergency meeting ended,

they had been waiting for Pinduoduo’s next move.

This time,

no matter what Pinduoduo was preparing to do, Taobao was ready to respond instantly.

Even if it caused losses, they had to do it.

From Taobao’s internal perspective,

as long as they stalled Pinduoduo’s user growth, Taobao would definitely be the final winner.

As long as Pinduoduo didn’t have one or two hundred million monthly active users, then Pinduoduo would continue to be in a state of loss.

Even.

To retain users.

Soon after Double Eleven ended,

Taobao also forcibly launched its own huge subsidy section.