PDD reportedly faces intensified investigations in mainland China, covering issues from fraudulent deliveries to tax matters

PDD is under expanded investigation in mainland China due to conflicts between employees and regulatory agencies, involving fraudulent delivery and tax issues. The investigation team has dispatched more than 100 personnel to the Shanghai headquarters, leading to a slowdown in PDD's marketing activities, which affects sales during the Lunar New Year. The company's stock price has fallen for six consecutive days in the U.S. market, with a cumulative decline of nearly 6% this year