Everyone was shocked upon hearing this.

They instantly understood the power of the "group buying" model!

Group buying prices are cheaper than unit prices, allowing for lower profit margins but higher sales volume, which can ultimately lead to greater profits.

Furthermore, group buying means that if a user wants to complete a group purchase, they may contact their friends and family to join. This indirectly increases the number of new consumers for the platform.

At this point, Zhao Ye continued to explain the group-buying model, bringing up the Pinduoduo model and giving a detailed introduction to everyone.

In the past, there were actually many group-buying platforms, but Pinduoduo ultimately became the king.

The social + group buying business model has enabled China to leapfrog ahead in just a few years and become one of China's e-commerce giants.

Zhao Ye's idea is for the three major e-commerce platforms to invest in the establishment of Pinduoduo e-commerce company, and to allocate personnel and funds to jointly create a new e-commerce giant!

The three exchanged glances and then nodded in agreement, supporting their boss's decision. After all, if they didn't support it, they would be fired, and none of them wanted to give up their high-paying jobs.

Upon seeing this, Zhao Ye instructed them to return and establish Pinduoduo as quickly as possible.

The three nodded and then took their leave.

A week later, Pinduoduo was officially established. Almost all of its employees were transferred from the three e-commerce platforms and had extensive e-commerce operation experience.

Moreover, with an actual paid-in registered capital of 10 billion RMB, the starting conditions for this "Pinduoduo" are much better than those of Huang Zheng's Pinduoduo in his previous life.

ICQ and Facebook will also cooperate with Pinduoduo's "cut a price" campaign to promote their products through social media sharing.

In addition, Pinduoduo has become a subsidiary platform of Alibaba, Taobao and Amazon, and has also gained access to agricultural product resources from the three e-commerce giants.

Finally, users can log in to multiple e-commerce platforms via mobile phone number, ICQ account, or Facebook account, so that they don't forget their accounts.

After Pinduoduo was established, it prepared for a period of time before the website went online.

Its launch was like dropping a bomb into a calm lake, causing a huge uproar.

"Shocking!!! The world's three e-commerce giants, Alibaba, Taobao, and Amazon, have joined forces to create Pinduoduo, a group-buying website. Group buying offers prices lower than you can imagine!"

"Pinduoduo, the group-buying website, is making a strong comeback. Are you ready to go on a shopping spree?"

"Pinduoduo, the chosen one in the e-commerce industry, received full support from Wujiang Group from its inception!"

"The world's richest man, Zhao Ye, says it's time to 'cut the price'!"

"..."

At this moment, countless netizens flocked to the Pinduoduo website, and were tempted by the group-buying prices of the products.

"Holy crap, the group-buying price is so cheap! The same brand of tissues is at least a quarter cheaper with the group-buying price. This discount is really tempting!"

"My God, the group-buying price is already cheap, and you can even ask friends and family to help you cut the price??? You can even cut the price down to get it for free??? Holy crap, this is absolutely outrageous! Doesn't Pinduoduo want to make money anymore?"

On the internet, free things are the most attractive.

In an instant, countless users frantically forwarded Pinduoduo's shopping links to their ICQ and Facebook friends, asking them to log in to the Pinduoduo website and help them "cut the price".

The more people help you "cut the price," the greater your chance of getting free items.

At first, many people didn't understand what "cutting one's knife" meant, which led to many hilarious conversations.

"Hey bro, are you there? Come quick and help me cut this!"

"Holy crap, you're going to chop someone up??? Bro, wait a minute, I'll go get the brothers. There's strength in numbers, we'll make him beg for mercy on his knees!"

"I didn't say I'd cut someone, I meant I wanted you to 'cut a price' for me on the Pinduoduo website. I mean the 'cut' in 'cut the price,' understand? Holy crap, you never read the news? Wujiang Portal, NetEase, Sina, Sohu, and Weibo's trending topics are all reporting on Pinduoduo. And it's all over ICQ and Facebook too. Are you from outer space?" The guy was speechless.

In a rented room in Shenzhen, a man with a short beard was on the verge of collapse.

"Damn it, 50 people have already helped me 'cut the price', and it was just a hair's breadth away from success, but I still failed. This is so frustrating!"

After he finished speaking, he looked at the comments on the website. Many people were lucky enough to have received the goods for free and were showing off in the comments.

Seeing this, the short-bearded man was speechless. Was his luck really that bad?

"It's a mountain that's nine ren high, maybe I'll succeed next time. I can't give up! It's just a little bit more!" The man comforted himself, and then tirelessly sought out relatives, friends, or netizens, asking them to help him cut a hole.

"Hope is just ahead, charge! Charge! Charge! Charge! Charge!"

(End of this chapter)