🚀Just dropped: 1st Product Teardown on
@theChinaSpec on Douyin, aka @tiktok_us,

1/ Deep dive on this 600mm DAU top Chinese app:

- origin story & technical stack
- Douyin vs @tiktok_us
differences across: content, livestreaming, gamification, search, & monetization
2/ Why are we doing this?

In the last 10 years, China’s incredibly dynamic tech ecosystem has given birth to some of the most valuable companies in the world.

More and more, Chinese PMs & entrepreneurs are no longer copying from the West but innovating in their own way.
3/ At @theChinaSpec, we'll show you what some of those innovations look like by guiding you through the actual look & feel of China’s top apps.

We'll provide the cultural and business context so you can understand the main reasons behind some of these major product features.
4/ We believe innovative entrepreneurs & deep product thinkers come from anywhere & everywhere. We just happen to know the most about the Chinese ecosystem.

So if you're interested in learning about 🇨🇳’s top product innovations, join us @theChinaSpec!

@ruima & @patriciamou_
5/ And here is the link to the writeup. We focus on the product features in detail. Please consider downloading the prototype that @patriciamou_ put a lot of effort into 👏

It will also help u understand the app much better.
thechinaspec.com/douyin
6/ We also thank @mbrennanchina whose book Attention Factory on ByteDance had some amazing graphics to explain the company. The book is on Amazon & his presentation is here:

nextbn.ggvc.com/wp-content/upl…

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Rui Ma 马睿

Rui Ma 马睿 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @ruima

26 Mar
I'm co-hosting a Clubhouse event with one of the best known PE investors in Asia (not tech but generally) Mr. Weijian Shan in an hour 👏. Legend!!

We'll be talking about China, deals, & how to fix the world. Hopefully he has some good ideas bc I do not!

joinclubhouse.com/event/P0K404BY
Weijian was sent to the Gobi desert when he was 15 for hard labor during the cultural revolution and this is his best selling memoir.

amazon.com/Out-Gobi-Story…
I didn’t know this but Weijian has actually studied biotech investment in the past and is doing biotech & new pharma investments. Super bullish on the sector bc of high entry to barrier made by IP. You can’t just throw capital at it (like internet ahaha).
Read 5 tweets
24 Mar
1/ Also, in case u missed my last PSA on Substack alert of lessons from the best PMs in China, you get my brief summary of Meituan co-founder Wang Huiwen's thoughts on

Benefits of Last Mover Advantage.

AKA ... how we REALLY won vs. competitor ele.me
2/ Wang Xing & Huiwen had a lot of trouble explaining their first product, basically a FB clone, bc they were "first" in China. Ppl just didn't get it.

He points to ex of Steve Jobs calling PC "a bicycle for the mind" & how awkward that is.
3/ He also points out to the fact that the inventors / innovators aren't always the best monetizers. Take the Wright Brothers (which was a 10% royalty). These can be two very different things.
Read 7 tweets
18 Mar
Briefly🧵on unexpected benefit of COVID for me 👇

EVERYONE is OK with video/voice calls now, even in China! Location is absolutely no longer a barrier.
Since the beginning of yr, I've started consulting investors on opportunities in Chinese (& US actually) private tech cos.
Lemme just say that the market is ON FIRE 🔥 It's one thing to read abt it, another thing to experience it. Everyone I speak to has just / will raise / file. 100% of the time. I'm learning SO much. It is incredibly fun.
Now, I've been WFH for almost decade (last job = no office)
So I'm incredibly excited to see this heightened efficiency in BD. I was one of those 12 flights in 14 days BD maniacs, so I don't mind the travel, but let's face it, super inefficient.
I think that's here to stay. Dealmaking = even more global. It won't matter where you are.
Read 4 tweets
18 Mar
So Pinduoduo $PDD Colin Huang resigned as Chairman, giving up his voting rights to the Board, to pursue an interest in the life sciences. Some folks seem to think this is bc "all billionaires are afraid" in China. I'd like to give a bit more context: 👇
1/ PDD is ruled by Partnership (a max of 5). The Partnership controls the Board and CEO nomination. Does Colin really cede all that much control? Most think not. He seems really involved still in large strategic decisions, ie going into CGB community grp buying, for example.
2/ Per employees, he hasn't been involved operationally for a while, as in, no one on staff directly reports to him. It's all to CEO or COO or both, and both of these have been w him for 10 yrs or more. So this is a team that's pretty cohesive.
Read 12 tweets
18 Mar
I was going to post abt the ridiculousness of non Asian American ppl telling many of us w our lived experience why they think our outrage is misplaced, our reasoning faulty, bc, well, they know better, but right, what was I actually expecting? Kinda why we’re here in first place.
Too bad there’s too many of us enraged to just sit here and let u speak for us. And we have ppl listening. So many AAPI friends msged me today they had grp / townhall mtgs and cried during their sharing, but felt listened to. Either way, we get to define our fears, not you.
And oh yeah I’m very aware of folks who I suppose are AAPI by heritage but share nothing in common w our experience bc hey, there are always outliers. It’s statistics. If you’re willing to listen & help, cool, if you’re here to lecture & add to the problem, fuck off.
Read 6 tweets
16 Mar
Did $PDD Pinduoduo read my tweet? It sent out an email today that it is not engaging in community group buying CGB bc it doesn't need group leaders w its massive traffic!
I mean, I'd agree, but .... it still USES group leaders👇 Image
In fact, a Feb. Jiemian article included the following graphic (I've translated) that shows Group Leader commissions by platform.
I do buy the argument that it doesn't rely on GLs for user ACQUISITION (as much as some of the other guys), but there's still customer care, etc. Image
If anything, it's becoming pretty clear that competition is gonna be ard supply chain and logistics. $PDD has direct supplier relationships, but even their CEO has said, agricultural products are not LAST mile probs, but FIRST mile probs (ie that's the hardest part).
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!