Pinduoduo owner moves headquarters to Ireland from China
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PDD reported revenue of 39.82 billion yuan (S$7.67) billion in the fourth quarter, falling short of estimates for 41.01 billion yuan.
PHOTO: REUTERS
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Bengaluru - PDD Holdings, which owns discount e-commerce platforms Pinduoduo and Temu, has moved its headquarters from China to Ireland, according to recent filings from the company.
The latest filings list Dublin as the company’s “principal executive offices”. Filings as recently as February show Shanghai as the listed address.
The Chinese company, which recently named Mr Zhao Jiazhen, one of the founding members of PDD, as chief executive, did not immediately respond to a Reuters request for comment.
PDD reported revenue of 39.82 billion yuan (S$7.67 billion) in the fourth quarter, falling short of estimates for 41.01 billion yuan, based on Refinitiv data, as China’s post-reopening consumer recovery remains patchy. REUTERS
