PDD Holdings
Coverage of PDD Holdings in the Nexus archive.
- PDD embraces China’s ‘city of the future’ after bruising regulatory clash and record fine
PDD Holdings, operator of Temu and Pinduoduo, is expanding its operations in China's Xiongan New Area, dubbed a 'city of the future,' despite facing a record food-safety penalty and accusations of obstructing enforcement by regulators. The company had over 600 employees in the area by June, making it the largest privately owned internet unit there.
- PDD embraces China’s ‘city of the future’ after bruising regulatory clash and record fine
PDD Holdings, operator of Temu and Pinduoduo, is expanding its presence in China's Xiongan New Area, dubbed a 'city of the future,' following a record food-safety penalty and accusations of obstructing regulators. The company had over 600 employees in the development zone by June.
- Beijing reins in Alibaba, JD.com over destructive 618 price cuts
Beijing's market regulator summoned five major e-commerce platforms, including Alibaba and JD.com, over deceptive promotional practices ahead of the 618 shopping festival. Alibaba's shares fell 5.4% and JD.com's dropped 2.9% following the regulatory action.