The real question is: what exactly are you doing, and how can your costs be lower than others?
On your first day at a private company, your goal should be clear: to never have to work again.
In 2019, Pinduoduo, which had made a blockbuster debut, saw its growth momentum slow. Customer acquisition costs hit 197 yuan in the first quarter of 2019, a record high, while net new users numbered just 24.8 million—a historical low.
Products can generally be categorized into two types: the fear of missing out and the thrill of gaining something new.
The devil isn't just in the details — nor is a whole lot of money.