The Inevitable Shape of Cheap Online Retail
Pinduoduo in China, Shopee in Southeast Asia, and Meesho in India operate in markets that could hardly be more different – an upper-middle-income industrial state, a stitched-together archipelago of under-banked economies, and a country where three-quarters of retail is unorganized and e-commerce penetration sits at about 7% – yet all three have landed on the same business model.

These pla … ⌘ Read more