Chinese e-commerce giant Pinduoduo updates rules to kick out sellers of shoddy products

Quick Summary:

A PDD executive said in a recent post-earnings call that the company is willing to sacrifice short-term profits for long-term health.

Pinduoduo rolled out its multibillion-yuan subsidy programme in mid-2019, a move that has helped the latecomer solidify its position in China’s small towns, where consumers tend to be more price-sensitive.

The new rule is expected to take effect next Tuesday.

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Article Details

Author / Journalist: Ann Cao

Category: Business

Markets: Hong KongChina

Topics: Counterfeit Start Removing Pinduoduo E-commerce Tuesday Sellers Subsidy Programme Chinese Platform

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 21:30:08 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 139 words

Reading Time: 1 minutes read

Sentences: 5 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22348984

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