# Pinduoduo Analytics Overlay

## Metric contract

Separate subsidy, paid, organic, channel-exclusive, clearance, seller, product, logistics, service, refund, complaint, and unauthorized-distribution signals.

## Diagnostic chain

Traffic -> order/payment -> subsidy and freight -> refund/complaint -> channel net profit -> cross-channel price impact.

Volume is not success when price conflict, subsidy dependence, logistics cost, complaints, or unauthorized distribution deteriorate.