In the afternoon, Wu Yun went to Pinduoduo. He had a long, heart-to-heart talk with Zhou Shen about his thoughts on the financing, and also took the opportunity to catch up on Pinduoduo's recent situation.
Speaking of which, the financing had come just in time. Pinduoduo's original 100 million yuan in the bank had dwindled to less than 40 million.
But effort yields rewards. Pinduoduo's registered users had broken the 20 million mark yesterday, and the platform's total transaction volume for all of November had reached 2.5 billion.
However, due to the massive initial subsidies and discounts for merchants, Pinduoduo's operating income wasn't very high. This was considered a weakness in the recent business due diligence.
So, Wu Yun and Li Qiuliang had discussed it and agreed to avoid this weakness as much as possible during the negotiations the day after tomorrow, focusing instead on their strengths.
