BHI 3.0·Q1 2026 Bulletin
Last computed 14:32 UTC, Apr 29 2026·Spearman ρ = 0.83·Validation: preliminary
Today's bulletin →
Movers · since 14:32 UTC, Apr 29 2026
PLATFORM PROFILEPDD

PDD/Temu

$148B$786B GMVE-Commerce
1.86
B-index (V3.1)
EVENT HORIZON
Capture1.022
Escape0.550
Key Structural Insight

$786B GMV with moderate lock-in. Growth is price-driven, not lock-in-driven. Vulnerable when competitor matches pricing.

Eleven-Parameter Profile

5DATAMEMACTPROCNETCLOSEPORTSUBFALLORGMOM
Data Depth6/10
Memory5/10
Action6/10
Process6/10
Network8/10
Closeness7/10
Portability5/10
Substitutability5/10
Human Fallback7/10
Org Depth5/10
Momentum8/10
Capture Escape Extended

V3.1 Decomposition

ComponentValueFormula
CES₄ capture core0.5741CES(d, m, a, p)
Knowledge synergy σₖ0.5477√(d · m)
Operability synergy σₒ0.6000√(a · p)
Synergy boost1.17221 + 0.3·(σₖ + σₒ)/2
Org-depth multiplier1.25001 + 0.5·o
Momentum multiplier1.24001 + 0.3·t
Total Capture1.0223c·(1+0.5n)·core·syn·org·mom
CES₃ escape core0.5629CES(x, s, h)
Feedback attenuation0.7990max(0.3, 1 − 0.35·core)
Total Escape0.5498ε + escCore · feedback
B = Capture / Escape1.861.022 / 0.550

Scoring Rationale

Pinduoduo dominates China value segment. Temu globally with ultra-low prices. Gamification drives engagement. But low structural lock-in: no seller reputation comparable to Amazon.

Parameter Sensitivity

MARGINAL B-INDEX CHANGE PER ±1 SCORE SHIFT
CLOSE7
+0.53
MEM5
+0.24
ACT6
+0.22
PROC6
+0.22
DATA6
+0.21
PORT5
-0.19
SUB5
-0.19
FALL7
-0.16
ORG5
+0.15
NET8
+0.13
MOM8
+0.09
+ raises B (deepens lock-in) lowers B (aids escape)

Comparable PlatformsE-Commerce (7 peers)

#PlatformTickerB-indexZone
01Amazon MarketplaceAMZN7.77BLACK HOLEProfile →
02MercadoLibreMELI5.87BLACK HOLEProfile →
03Alibaba/TaobaoBABA4.97BLACK HOLEProfile →
04CoupangCPNG3.72BLACK HOLEProfile →
05ShopifySHOP3.15BLACK HOLEProfile →
06Shopee/SeaSE3.03BLACK HOLEProfile →
07eBayEBAY1.71EVENT HORIZONProfile →