BUSINESSJul 2 · 02:30 UTCSCMP WORLDWency Chen

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

PDD Holdings, operator of Temu and Pinduoduo, is expanding its presence in China's Xiongan New Area, dubbed a 'city of the future,' following a record food-safety penalty and accusations of obstructing regulators. The company had over 600 employees in the development zone by June.

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PDD HoldingsorganizationTemuorganizationPinduoduoorganizationXiongan New AreaplaceChinaplacefood-safety crackdowntopiccity of the futuretopic

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