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When Pinduoduo penetrates the market, most of the items sold by Teamstar can be purchased on Pinduoduo at significantly lower prices. This is not a good sign. The only potential item is HPL, but it has to compete with many established brands in the market, including Topmix, which is a listed company.
Most wholesale and hardware distributors are actually running on very thin profits, usually less than 3% net margin. But for Teamstar, because they’ve got a stronger retail mix and offer more value-added services, they can hold their pricing better
