China's Pinduoduo was sitting 60% above its IPO price just recently. Is it the next gem/goat of China?

Currently anything that has tech to its name commands a high valaution, a look at pinduoduo financials shows its operation is burning cash, if you are investing in the long run, ask yourself what is the cash monetisation plan of the company and is it sustainable.

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Also determine if the company has the moat to fight, Ant financial is very well known and used by the Chinese population​​​

The backings of PDD is rather solid - Sequioa China, Tencent. It's business model is rather interesting though, combining the social aspect of stuffs with e-commerce. But as for all businesses, how will it progress from here? What are the upcoming plans for the company itself? All boils down to the vision of the CEO/founder