|Revenue||18,929,071,000 United States dollar (2022)|
|4,407,864,000 United States dollar (2022)|
|4,572,589,000 United States dollar (2022)|
Number of employees
On June 7, 2018, 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 January 20, 2019, 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-19 lockdown in China in 2020, Pinduoduo started a program to assist rural Chinese farmers with selling their produce to customers online instead of relying on traditional in-person marketplaces. In August 2020, Pinduoduo launched Duo Duo Maicai, a service which enables consumers to preorder groceries for pickup at designated locations.
On July 5, 2022, a Shanghai court dismissed a local resident's lawsuit accusing Pinduoduo of cheating in a promotional event.
In 2018, Pinduoduo came under scrutiny following a spate of negative press calling the company out for inferior and imitation of products. The company responded with an open letter stating that it had, in a single week in August, shut down 1,128 stores, taken down more than 4 million listings, and blocked 450,000 suspected counterfeit goods listings from being published. The company also disclosed that it had removed 500,715 items and closed more than 40 stores as of February 4, 2020, to protect consumers from counterfeit and substandard masks being sold by merchants hoping to profit amid the COVID-19 pandemic.
In April 2019, Pinduoduo was first named in the Office of the United States Trade Representative's list of Notorious Markets for Counterfeit Products and Piracy. As of 2023[update], Pinduoduo remains listed as a notorious market.
In 2023, Google removed Pinduoduo's app from the Play Store due to security concerns after it was found to contain malware. Two days after releasing an update to address concerns, Pinduoduo disbanded the team of engineers and product managers who had developed the exploits. A majority of the team was transferred to Temu, working in various departments.
Six cybersecurity teams interviewed by CNN – including Finnish, Russian, US, and Israeli firms – as well as Chinese cybersecurity firm DarkNavy, all labeled Pinduoduo as malware or potential malware. In a report by Bloomberg News, a researcher from Kaspersky Labs stated the following: “Some versions of the Pinduoduo app contained malicious code, which exploited known Android vulnerabilities to escalate privileges, download and execute additional malicious modules, some of which also gained access to users’ notifications and files”.
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- Official website
- Business data for Pinduo Inc.: