Late Post wrote an article about Pinduoduo today, which contains a lot of data and is very satisfying to read. But there is one sentence at the end that is very humorous: "Pinduoduo denied the business data and information mentioned in the article," representing the official attitude of "ask me, no comment, I'm just a black box, feel free to guess." Even so, these data of unknown origin are still very valuable and worth sharing. 1. Late Post estimates that Pinduoduo's Q3 GMV growth rate is between 15%-20%, and domestic e-commerce GMV (order-based) is expected to exceed 6 trillion by 2025, with TEMU potentially reaching $90 billion...