Pdd holdings

It provides an online marketplace for agricultural products.

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Pdd holdings

Pinduoduo Inc. Pinduoduo generated RMB 2. Pinduoduo was founded in by Chinese businessman and software engineer Colin Huang. On 7 June , Legal Evening News reported that Pinduoduo investigated and shut down stores and removed listings that violated its platform policy against pornography and violence, following an earlier report by the newspaper. On 20 January , Pinduoduo reported to the police theft by hackers that exploited a loophole in his system and stole tens of millions of Yuan worth of vouchers. During the initial COVID lockdown in China in , Pinduoduo started a program to assist rural Chinese farmers with selling their produce to customers online instead of relying on traditional in-person marketplaces. On 5 July , a Shanghai court dismissed a local resident's lawsuit accusing Pinduoduo of cheating in a promotional event. In September , Pinduoduo's sister's company, Temu , was launched in the U. In , Pinduoduo came under scrutiny following a spate of negative press calling the company out for inferior and imitation of products. In , Google removed Pinduoduo's app from the Play Store due to security concerns after it was found to contain malware. A majority of the team was transferred to Temu, working in various departments. Contents move to sidebar hide.

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PDD Holdings , the parent firm of e-commerce sites Temu and Pinduoduo, moved its headquarters from China to Ireland, underscoring the Chinese tech giant's international push. The U. It had previously listed Shanghai as its main office. Semafor first spotted the change. The company rebranded this year to PDD Holdings, creating a parent company for Pinduoduo and Temu, its international e-commerce effort. The move to Ireland perhaps signals PDD's attempt to boost its international presence.

Pdd holdings

Institutions' substantial holdings in PDD Holdings implies that they have significant influence over the company's share price. Put another way, the group faces the maximum upside potential or downside risk. Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute. See our latest analysis for PDD Holdings. Many institutions measure their performance against an index that approximates the local market.

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In , Pinduoduo came under scrutiny following a spate of negative press calling the company out for inferior and imitation of products. Archived from the original on 10 March Senior Vice President - Product Development. ISSN Fresh Research reports and Daily Fintech briefings. It provides an online marketplace for agricultural products. Archived from the original on 23 July Financial Times Close. In September , Pinduoduo's sister's company, Temu , was launched in the U. Cancel Continue. Contents move to sidebar hide. Sohu in Simplified Chinese. Tools Tools. Any information that you receive via FT. Senior Vice President - Operations.