food-safety

PDD Holdings Expands Presence in China's 'City of the Future' Amid Regulatory Scrutiny

PDD Holdings, operator of Temu and Pinduoduo, is significantly increasing its presence in Xiongan New Area, a state-backed development zone, by establishing a new entity with substantial capital and launching a major hiring drive. This move occurs months after the company faced record penalties for food safety violations and accusations of obstructing regulators.