Pinduoduo

Tesla did not reject the Wuhan customer who participated in the Pinduoduo group buy, nor did it blacklist the customer, but only to protect the customer's rights and persuade him to place an order again on the official website, a Tesla employee in China said today.

The Nasdaq Stock Exchange on Tuesday included Pinduoduo as a constituent of the "Nasdaq 100 Index", making the Chinese e-commerce company the youngest current constituent of the index.

Luckin Coffee, which is embroiled in the financial fraud controversy, announced on Weibo on August 24 that it has opened a flagship store on China's emerging e-commerce platform Pinduoduo to sell coffee, coffee cups and other products.

Tesla's several price cuts in China had caused a lot of dissatisfaction among its car owners. Now, Chinese e-commerce platform Pinduoduo is helping it to further reduce its prices.

Chinese e-commerce platform Pinduoduo held a live event yesterday with the main aim of spreading national defense education to the public, the aviation and flight training related knowledge.

Pinduoduo announces organizational changes, Huang Zheng no longer serve as CEO

In response to media reports that Pinduoduo would return to Hong Kong for a secondary listing, Pinduoduo denied it.

After Netease, Pinduoduo, another US-listed Chinese tech company, is set to return to Hong Kong for a secondary listing, according to Tencent News.

Pinduoduo's fiscal year 2019 annual report released yesterday showed that in 2019 it achieved turnover of 10.66 billion yuan, the platform's annual number of active buyers reached 585.2 million, with annual revenue of 30.14 billion yuan.

Pinduoduo CEO Huang Zheng's personal wealth rose to $25.7 billion, ranking him as the third richest man in the Chinese mainland and the fifth richest man in China (Lee Shau-kee and Li Ka-shing ranked third and fourth), according to Forbes real-time billionaires list.