Pinduoduo to invest $13.7 billion to transform, upgrade merchants

, Reuters -  2:47 AM ET 4/3/2025 Company News

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HONG KONG, April 3 (Reuters) - Chinese e-commerce platform Pinduoduo, which is owned by PDD Holdings ( PDD ), will invest 100 billion yuan ($13.7 billion)over the next three years in transforming and upgrading platform merchants, Pinduoduo said on Thursday.

($1 = 7.2958 yuan) (Reporting by Farah Master and the Beijing newsroom; Editing by Tom Hogue)

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