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China to Probe US-Listed Pinduoduo Shopping App Over Fake Goods

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Chinese regulators announced an investigation into widespread reports of counterfeits sold through Pinduoduo Inc. just a week after the e-commerce operator’s high-profile U.S. initial public offering. On Wednesday, the State Administration for Market Regulation ordered Shanghai authorities to look into the reports and vowed “serious” punishment if it uncovers violations. Known as PDD, shares of…

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