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PDD embraces China’s ‘city of the future’ after bruising regulatory clash and record fine

PDD embraces China’s ‘city of the future’ after bruising regulatory clash and record fine
South China Morning Post Thursday 02 July 2026, 02:30 UTC By Wency Chen 1 min read
Key Points

The operator of budget online marketplaces Temu and Pinduoduo is ramping up its commitment in a state-backed development zone – dubbed a “city of the future” in official discourse – months after the e-commerce group was hit by the heaviest penalty in a record food-safety crackdown and accused by regulators of obstructing enforcement. PDD Holdings had more than 600 employees at its unit in the Xiongan New Area by the end of June, making it the development zone’s largest privately owned...

The operator of budget online marketplaces Temu and Pinduoduo is ramping up its commitment in a state-backed development zone – dubbed a “city of the future” in official discourse – months after the e-commerce group was hit by the heaviest penalty in a record food-safety crackdown and accused by regulators of obstructing enforcement. PDD Holdings had more than 600 employees at its unit in the Xiongan New Area by the end of June, making it the development zone’s largest privately owned internet... [Image text:] ## O N DUODUO
PDD (ORG) China (LOCATION) Temu (ORG) Pinduoduo (ORG) PDD Holdings (ORG) the Xiongan New Area (EVENT)
Originally published by South China Morning Post Read original →

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