Chinese social e-commerce platform Pinduoduo just went public by raising $1.6 billion through an IPO in the U.S. this week, making it one of the biggest deals of the year. Enthusiasm is rapidly building around the company, which claims 195 million monthly users and has managed to break into the highly competitive e-commerce market in China in just three years.

Professor Jacquet analyzes this important phenomenon, especially since the Chinese stock market and its corporate universe are closely linked to the government and its policies.

He takes the liberty of launching into a bold hypothesis on the subject.

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