Well, I personally feel that Pinduoduo and Taobao are both doing this kind of open platform of a kind of e-commerce model, which is fundamentally different from Jingdong, and Pinduoduo and Taobao are platform-type e-commerce. Pinduoduo, since the beginning of operation in 20 15, the main route is to do China's 3456 line city market. Taobao has been in operation for a very long time, but he was a rival to the U.S. e-commerce giant ebay. Taobao can go to today, in fact, the outside world to promote his role is to play a certain role, but the main reason is because of Ma Yun's own personal idealism of the business model makes him Taobao into a very perfect ecosystem. So the success of Taobao has the title, chance, but the greater is the inevitability of the leader's ability to do people. Taobao after so many years of operation, its business model and business credit system construction has been very, very perfect, so that shopping in Taobao, in addition to the speed of delivery and Jingdong has a difference, the other shopping experience is basically nothing. That is to say, Taobao's credit will be much better, because Taobao's credit system is after so many years of crawling and hammering over. And Pinduoduo since the beginning of the birth of this grassroots flavor and cottage atmosphere. From the point of view of the goods he is now talking about, we know that if he were to compete head-on with Taobao, the sale of goods overlap, he is basically no chance of winning, so he is now choosing to go to the market in the sinking cities. That is, we are talking about 3456 line city, these cities for price sensitivity will be very strong, so he sold goods. All belong to the low price and low quality goods. The user experience of this kind of goods will certainly be much worse, and will produce many unnecessary commercial disputes, but he Pinduoduo as a platform, he basically can not solve these disputes, because he. The commercial gene is to do so.