Colin Zheng Huang, the former chairman of online discounter Pinduoduo, has a current net worth of $30.9B.

Source: https://www.ibtimes.com.au/10-richest-people-china-why-theyre-wealthy-1844678?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution

RWC Asset Advisors US LLC purchased a new position in Pinduoduo during the second quarter valued at $195,957,000.

Source: https://www.etfdailynews.com/2023/01/17/mitsubishi-ufj-kokusai-asset-management-co-ltd-grows-stake-in-pinduoduo-inc-nasdaqpdd/

Temu, whose parent company PDD Holdings also owns Chinese shopping platform Pinduoduo, similarly sells low-priced clothing but is equally well known for stocking cheap headphones and home appliances.

Source: https://www.channelnewsasia.com/business/low-cost-e-commerce-rivals-shein-and-temu-shelve-us-court-cases-3876976?cid=cna_flip_070214

The answer is yes, as Pinduoduo beat the odds and delivered outstanding financial results, demonstrating resiliency even while China’s government wasn’t always business-friendly.

Source: https://investorplace.com/market360/2023/01/why-pdd-stock-investors-can-feel-confident-about-pinduoduo/

The Chinese-based app Temu and its sister app Pinduoduo have been found to collect sensitive information on users, including tracking locations, recording contacts, browsing history, and other personal information.

Source: https://1010wcsi.com/fox-technology/10-easy-ways-to-prevent-someone-from-spying-on-you/?utm_source=rss&utm_medium=rss&utm_campaign=10-easy-ways-to-prevent-someone-from-spying-on-you

The U.S. report also noted that Temu’s sister company, Pinduoduo, has faced scrutiny for its labour practices and fielded accusations of containing malware, leading to the app’s suspension on the Google Play Store in March 2023.

Source: https://globalnews.ca/news/9905655/temu-app-deals-ecommerce-critics/