Just days after its IPO, eCommerce site Pinduoduo has been investigated by the China's State Administation for Market Regulation (SAMR) after reports that counterfeit products were being sold on the site, such infant milk powder.
SAMR recommended that Pinduoduo take extra precautionary steps to make sure the products listed on the site follow regulations, which Pinduoduo CEO Huang Zheng pledged to do.
Read the full story here.
Comments