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| Dear Colleagues， 尊敬的同仁， 7月26日，拼多多在纳斯达克挂牌上市，每股定价19美元。成立不到三年的拼多多年交易额达2621亿，活跃买家达3.44亿，活跃卖家超百万，成为国内仅次于阿里、京东的第三大电商平台。 On July 26, Pinduoduo was listed on the NASDAQ and was priced at $19 per share. In less than three years, transaction amount has reached 262.1 billion, active buyers has reached 344 million, and the number of active sellers has exceeded one million. It has become the third largest e-commerce platform in China second only to Alibaba and JD. 拼多多的上市意味着社交电商的强势崛起，也意味着电商行业进入多方互博的局面。经过多轮洗牌与重组，社交电商逐渐衍生出四大主流模式，即拼团、内容导购、KOL社交以及商城服务。其中拼多多、小红书、贝店以及有赞成为各模式的行业领导者，被誉为“社交电商四小龙”。 Pinduoduo listings mean that the strong rise of social e-commerce, means that the e-commerce industry has entered a multi-party situation. At present, social e-commerce gradually derived four mainstream models, group, content shopping guide, KOL social and mall services. Among them, Pinduoduo, Little Red Book, Beidian and Youzan have became industry leaders in various models, and are known as “social e-commerce four little dragons”. 此次我们第二届新零售与技术创新峰会(10.24-25,上海)就社交电商创新作为热点话题进行讨论，社交电商发展如火如荼，如何获取新红利，敬请期待2018第二届中国新零售与技术创新峰会。 2nd China New Retail and Technology Innovation Summit 2018（Oct. 24th-25th., Shanghai） will discuss social e-commerce innovation as a hot topic. With the development of social e-commerce ,how to obtain new dividends, please look forward to the 2nd China New Retail and Technology Innovation Summit 2018.
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