I personally think Pinduoduo will be the final winner for many reasons. Because Pinduoduo has the support of large capital and a mature business strategy, SHEIN is completely incomparable.

How to put it, Pinduoduo will definitely be the ultimate winner. There is nothing to say. If you know Pinduoduo, you will know that Pinduoduo was able to seize so much of the market from Moubao, but it was definitely not possible on its own. It was all because there were a lot of investors from Mouxin behind it. With support and dedicated people to help formulate tactics, I successfully defeated a certain treasure. Nowadays, it is effortless to defeat an opponent of SHEIN's magnitude. He even defeated one of the best such as Xue Bao, let alone an ordinary opponent like SHEIN. If nothing else, the overseas competition between Pinduoduo and SHEIN will definitely be won by Pinduoduo, and this is just a reenactment of the competition with Xubao, and there is nothing worth paying attention to. SHEIN lags far behind Pinduoduo in terms of financial resources, connections, and tactics.

There is no doubt about the outcome of this business competition. SHEIN will lose. Because SHEIN does not have the support of big investors like Xunxun, and there is no big boss like Duan Yongping to provide support behind it. The reason why Huang Zheng's Pinduoduo was successful was because of Duan Yongping's recommendation. Many companies were willing to invest money in Pinduoduo without hesitation, so Pinduoduo could win. Although SHEIN has been operating in overseas markets for a long time, what's the use? What SHEIN does overseas is also business in the sinking market, and customers in the sinking market have the lowest customer stickiness. As long as they find one that is cheaper and more cost-effective than you, they will directly switch to another platform. So how can SHEIN compete with Pinduoduo? It's impossible to play at all.

In general, from all aspects of data, I am more inclined to have Pinduoduo be the final winner, because Pinduoduo is ahead of SHEIN in all aspects.