24 Comments. Is the site safe, legit and trustworthy? According to our analysis the site is safe, legit and trustworthy. com a relatively high score. 5% stake. They account for almost 90% of revenues, with sales fees low, given the wafer thin margins. 3% of the online population, live in rural areas. These statements are made under the “safe harbor” provisions of the U. Check pinduoduo. The news of Pinduoduo’s ban came just a couple of weeks after Shein, another Chinese shopping giant, was caught copying clipboard content on Android phones of users who were. But Pinduoduo has had its own unhappy customers, too: Reports that counterfeit products had been sold through Pinduoduo sparked an investigation by. Pinduoduo, a China-based mobile-only marketplace, recently launched its shopping site called Temu in the US. The presence of counterfeit goods on Pinduoduo is not new. 80) over the past 12 months. dollars. . 85%) stock rallied 15% on May 27 after the Chinese e-commerce company posted its first-quarter earnings report. 793B versus analyst expectations of RMB 32. S. The said shopping site is expected to rival e-commerce giant Amazon. 85% YoY growth. REUTERS/Florence Lo/Illustration/File Photo Reuters. Free 30-day trial. Pinduoduo-thailand. We speculated that the new mega-shopping platform would sell its products for 30%-50% less than its Amazon counterpart. It is still on the Apple App Store, but it has a 2. Key Takeaways: Nearly two months after its launch, Pinduoduo’s cross-border e-commerce Temu app is among the top U. m. The move comes just weeks after. Pinduoduo has previously rejected “the speculation and accusation that Pinduoduo. In August, Pinduoduo pledged to sell $145 billion worth of farm produce annually by 2025. According to published reports Friday. 21%) are two of the largest e-commerce companies in China. Pinduoduo created Temu in its biggest push overseas, despite its rivals extensive international expansions. Visual China Group/Getty Images Huang was born in 1980 to factory worker parents on the outskirts of Hangzhou, a city in China's eastern province of Zhejiang. Pinduoduo, China’s second-largest e-commerce platform, performs the worst among its peers in environmental actions, lacking in strategies and disclosures on climate change, biodiversity and. 6 million (US$4,693. Other previously identifiedIn May, the Shanghai Consumer Council ordered Pinduoduo and Meituan to fix ongoing issues related to consumer rights. could be a legitimate reason for the. They were. 82 on Feb. Alibaba Group ( BABA -2. 21 coming in above estimates of 65 cents. Thanks to the collection of massive amounts of data, the app’s machine learning model was improved to offer more personalized notifications and. In many ways, Pinduoduo is an impressive Chinese tech startup. But it is unclear whether this pace of growth will continue. Your question to the interviewer. Published 9:11 AM PST, March 21, 2023. Formerly known as Pinduoduo, PDD Holdings Inc. Our algorithm gave the review of pinduoduo. 28 billion yuan ($7. We have based this rating on the data. By comparison, Alibaba and JD. No copyright violation & infringement are intended, and any request to remove one of the images/logos/names will be honored. More than 12 million farmers. Pinduoduo (PDD 0. Peter Lynch stock category. The firestorm surrounding Pinduoduo has reignited a long-running debate in China about the tech industry’s controversial “996” work culture — a term referring. 89. Total revenues were RMB31,439. While Google Play is unavailable in China, a spokesperson told TechCrunch that “off-Play. HONG KONG (AP) — Google has suspended the Chinese shopping app Pinduoduo on its app store after malware was discovered in versions of the app from other sources. Which means more than 90% people in China who have internet access are using Pinduoduo and made a. (NASDAQ: PDD) stock gained 123. Pinduoduo (PDD) is an e-commerce platform that offers a wide range of products. Even if you get cheap products, nobody will buy from you or cooperate with you if don’t seem to be a reliable brand. Pinduoduo is growing rapidly in a growing e-commerce market in China, and the growth has not stopped anytime soon. 64B ($5. This price difference is what it cost Pinduoduo to add me to its user base. (Image credit: Shutterstock) Although several of Pinduoduo’s Android shopping apps have been found to contain. Pinduoduo went public in July 2018 on the Nasdaq, pricing its American depositary shares (ADS) at $19 apiece. Annual spending per active buyer was RMB 2,115. The Chinese e-commerce giant is still firing on all cylinders. The Chinese e-commerce giant is still firing on all cylinders. 1 million in the same quarter of 2021. Pinduoduo is one of China’s most popular e-commerce platforms, with approximately 900 million users. We have based this rating on the data we were able to collect about the site on the Internet such as the country in which the website is hosted, if an SSL certificate is used and reviews found on other websites. com? Date of last check: 2023-09-12. (Reuters) -Alphabet Inc's Google suspended the Play version of PDD Holdings Inc's Pinduoduo app for security concerns, after malware issues. Alibaba Group Holding was also fined a record $2. Pinduoduo listed on the technology-focused Nasdaq stock exchange in New York in July 2018, just three years after it was founded. Pinduoduo surpassed Alibaba Group Holdings as China’s largest e-commerce company in terms of active users on Wednesday, as chairman and founder Colin Huang stepped down from the five. Chinese online retailer Pinduoduo is reportedly posing a threat to millions of its users in terms of security. Its biggest incumbent competitor was un-incentivized to react to this newfound distribution channel. It is now the fastest growing e-commerce platform with 13. Pinduoduo may also make written or oral forward-looking statements in its periodic reports to the U. 64 billion yuan ($5. I expect the company to be the largest retailer in China. 30, 2019, Pinduoduo had $2. Pinduoduo is close to the ceiling on its expansion in China, with a base approaching 1 billion users. A new Chinese shopping app selling of-the-moment garments at rock bottom prices is shaking up the US fast fashion turf war. ” CNN has contacted PDD multiple times over email and phone for comment, but has not received. Pinduoduo currently does not have sales outside of China and there is no indication from its press releases that it intends to do so. Pinduoduo remains unprofitable, but its adjusted net loss narrowed year over year from RMB 673. Solve a algorithmic problem using an online editor. According to Jiguang, a big data service provider in China, the penetration rate of Pinduoduo in Chinese internet users located in first and second tier cities is about 55%, while its penetration rate in third and forth tier cities are 21. Pinduoduo, a China-based e-commerce company, has recently established a new online shopping website overseas. I still believe TAOBAO is the best, in China some ppl call PINDUODUO "KENGDUODUO" which means scam. 69 billion. We haven't found any negative signals. 6 billion in a US IPO last week. com's 441. Pinduoduo is relatively late to the cross-border e-commerce scene. In the process. Its stock value jumped 10x its original listing price by February this year, while Tencent has become one of the firm’s largest stakeholders, owning nearly a fifth of Pinduoduo’s shares. Pinduoduo has previously rejected “the speculation and accusation that Pinduoduo app is malicious. Pinduoduo makes most of its money from advertising and promotions by its more than 5 million sellers. Is it safe to buy either of these Chinese tech stocks right now as their home market grapples with slowing economic growth, COVID-19 lockdowns. It is backed by Chinese e-commerce giant Pinduoduo and has exploded in popularity since launching in the US less than a year ago. 79 billion yuan ($3. Evidence of. 61%) and Pinduoduo ( PDD -1. The business generated revenue of $5. At the time of the initial public offering, its shares were priced. 6 million (US$4,693. has accused Temu of potential data risks after Google suspended its Chinese sister app, but analysts are not too worried. Topline. Pinduoduo, which boasts a user base that accounts for three quarters of China’s online population and a market value three times that of eBay (EBAY), wasn’t always an online shopping behemoth. Pinduoduo probably already realizes this and since late 2017, it has been purchasing brands marketing ads on large TV channels and online video platforms, resulting in a sharp increase in sales. Chinese e-commerce company Pinduoduo Inc. S. 3 million. It is the flagship product of Nasdaq-listed Chinese company PDD Holdings which also owns Temu. 11 each. The shop-with-friends app combines a group-buying strategy with cheap products. The Chinese ecommerce company that describes itself as “Costco meets Disney” for its mix of great deals and great fun flew under the radar for two years after its July 2018 IPO. Customer experience is the differentiator for the business. . Yes, that’s right – “quality” and “affordability” in the same sentence. Temu, a Boston-based online retailer that shares the same owner as Chinese social commerce giant Pinduoduo, made its Super Bowl debut on Sunday. The major players: Taobao and Pinduoduo. Chinese consumers are often very conscious of food quality and the app became a smash hit. 95 for a necklace, $1. By 2016, Pinduoduo’s monthly gross merchandise value exceeded RMB 1 billion (USD 152 million) Two years later, it went public on the Nasdaq stock exchange. 17 billion) in the quarter ended June 30, well above analysts' average estimate of 43. 90. 79%) are two of the largest e-commerce companies in China. The company is well positioned to grow as they reinvest profits into new verticals and expansionary efforts, as. Additionally, 70. Pinduoduo boasts more than 750 million users a month, and security experts. “Such a technique is widely used by malware developers that inject malicious code into applications that have legitimate functionality,” said experts. This morning, E-Commerce company Pinduoduo beat analyst estimates on its Q1 financial results. “Hey, we're going to actually find, not crappy manufacturers, but actually really legit established manufacturers, and. 77 for a wool coat, $0. Pinduoduo’s quality control is composed of three levels, including front-end quality control, middle-end quality control and back-end quality control. In a Tuesday statement, Google said versions of the app. Washington, that were not safe, and did not include adequate warnings. Company insiders said the exploits were utilised to spy on. 99 and gaming consoles for $20. Type. While many apps collect vast troves of user data, sometimes without explicit consent, experts say Chinese e-commerce giant Pinduoduo has taken violations of privacy and data security to the next. However, Temu works with leading package carriers like UPS, FedEx, and USPS to ensure that all orders are delivered promptly and securely to. For reference, Taobao and Tmall’s main competitor JD. A recent experience with an Insider reporter ordering a basket of items showed that Temu is indeed legit, though he questioned the quality of certain items. On Tuesday, Google said it is analyzing the matter and suspended downloads of the Play Store version of Pinduoduo as a security precaution, Bloomberg reports. pinduoduo. The following year, we received an investment from Tencent, a major Chinese IT company, and in 2018, three years after our founding, we were listed on the US Nasdaq stock market as "one of. An anonymous reader quotes a report from The Guardian: Americans addicted to Amazon could soon be wooed by a Chinese tech giant most of them have never heard of. Active buyers on its platform in the twelve-month period ended March 31, 2019 were 443. Sources: Bloomberg; S&P Global. Pinduoduo (NASDAQ: PDD) has come a long way in a short time. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral. I interviewed at Pinduoduo. Suspected purpose was to pore through user data and find information related to competing shopping apps. SHANGHAI, China, March 17, 2021 (GLOBE NEWSWIRE) -- Pinduoduo Inc. -listed Chinese companies, including Pinduoduo Inc (NASDAQ: PDD) and Full Truck Alliance Co. Last year, it generated 130. Pinduoduo is the biggest e-commerce marketplace for agricultural products in China. Colin Huang, the reclusive billionaire behind Pinduoduo, saw his wealth surge by $3 billion in a single day after. Total revenues were RMB31,439. Pinduoduo is a China-based e-commerce app that sells everything from groceries to clothing. The Chinese e-commerce company's revenue rose 36% year over year to 31. Pinduoduo’s full-year revenues in 2020 were RMB 59. Pinduoduo’s meteoric rise was phenomenal, leading many to scratch their heads trying to understand how it could crack China’s seemingly mature e-commerce sector in such a short time. 3 billion annual active customers globally at the end of fiscal. ( Link). 17%) is a true success story. The safety score is based on various factors such as past scam records, domain inspection, technical and server analysis. The website is legitimate in that customers usually get what they order, but there are some hang ups. Chinese news reports tell of employees collapsing—or even committing suicide—from overwork and exhaustion. Also Known As. In 2016, Pinduoduo raised $110 million at a valuation north of $1. Pinduoduo (拼多多), whose name loosely translates to “join together more more”, is a group buying app where shoppers can secure deals by purchasing items in groups – the more friends they can secure, the better the discount for everyone, and the faster Pinduoduo grows. In the same quarter, China was heavily locked down, resulting in 3% growth for Alibaba and 11. Around 309 million, or 31. About PDD Holdings. The Starry Night Foundation is an international non-profit charitable trust in the field of scientific and medical research set up by entrepreneur Colin Huang and the founding team of Pinduoduo. The Summer of 2020 was the Summer of Pinduoduo. 8 million), an increase of 36% from RMB23,046. Pinduoduo's gross merchandise volume (GMV) from agricultural products doubled to over 270 billion yuan ($42. I am also half chinese living in China, cheers mate. ET. Thus, it remains China-centric in the foreseeable future. Promo Protect all your devices, without slowing them down. This year’s NML includes several previously identified markets because owners, operators, and governments failed to address the stated concerns. What happened. Source: Pinduoduo. Overall, China’s ecommerce industry is expected. 04%) fell today, down 12. operates as a holding company, which engages in the development and management of an e-commerce platform. Lookout confirmed these malicious exploitations in at least two Pinduoduo samples that. e-commerce apps based on new download rankings Despite its early success. 5 billion yuan ($5 billion) and a 546% jump in net profit to 10. Pinduoduo offers a unique and engaging shopping experience that combines social networking with online shopping, attracting millions of active users seeking quality products at competitive prices. Temu is based in Boston, Massachusetts, and operates in the US and Canada. In the last three months, Pinduoduo Inc. It is backed by Chinese e-commerce giant Pinduoduo and has exploded in popularity since launching in the US less than a year ago. Tech work culture under fire. Pinduoduo, a popular Chinese #shoppingapp has been suspended from the Google Play Store #malware was found in the code. Pinduoduo is estimated to have a 17. [9] On 7 June 2018, Legal Evening News reported that Pinduoduo investigated and shut down stores and removed listings that violated its platform policy against pornography and violence, following an earlier report by the newspaper. ” CNN has contacted PDD multiple times over email and phone for comment, but has not received. Second Quarter 2022 Unaudited Financial Results. An ensuing report from Bloomberg said a Russian cybersecurity firm had also identified potential malware in the app. Pinduoduo is a Chinese e-commerce platform that allows users to participate in group buying deals, mostly through Tencent’s Wechat app. [16] Temu offers free goods to some users. Source: Pinduoduo. That put PDD's market valuation at around $58. Pinduoduo, one of the biggest online shopping sites in China, can afford to invest in a swing for US customers. Pinduoduo’s stock price on Nasdaq has dropped over 75% since its peak in February of last year. Is the Temu app legit? As mentioned above, there’s been a fair amount of skepticism aimed at Temu, which is completely natural. , Jul 10, 2023. ru. Safe to say, Pinduoduo is quite different from Amazon or any other e-commerce company. com a relatively high score. Today, Pinduoduo has over 730 million monthly active users—more than two times the US population!—and is known for both extremely cheap prices and innovative gimmicks that keep users hooked. 40 as of March 23. 2 ($ 324. While Pinduoduo is barely five years old, it's grown its GMV to 1. Google has temporarily suspended Pinduoduo, a leading Chinese budget shopping app, from its Play Store due to the discovery of malware in certain versions of the app. Pinduoduo's (NASDAQ: PDD) stock surged 19% on May 26 after the Chinese e-commerce company posted its first-quarter report. Pinduoduo's shares surged by +19% from $39. The increase. March 17, 2021 06:40 ET | Source: Pinduoduo Inc. 22%) and Pinduoduo ( PDD -0. These images are not endorsed by any of their owners, and the images are used purely and only for artistic and aesthetic purposes. And I know that selling location data is a big side business. Pinduoduo has been a very volatile stock and has worn down many investors. 5 billion RMB ($1. Pinduoduo, a China-based e-commerce company, has recently established a new online shopping website overseas. They account for almost 90% of revenues, with sales fees low, given the wafer thin margins. The number was $21 billion in 2019. Temu is currently available in the United States and Europe and aims to attract customers from all over the world by offering a wide variety of items at low prices. The shop-with-friends app combines a group-buying strategy with cheap products and social media. Starry Night Foundation. Revenue of $4. Thanks to the affluent resources and edges that its parent company has accumulated in the supply chain, Temu is able to offer jaw. (NASDAQ:. 86%) stock plunged 16% to a new 52-week low on Nov. Tao Value said the following in the letter:Pinduoduo is a listed company, and that provides additional disclosures and reporting. 2 ($ 324. S. The website is legitimate in that customers usually get what they order, but there are some hang ups. The app has since gone on to amass more active users than. For instance, an off-brand woman's dress costs $8. That drop has wiped $181 billion off Pinduoduo’s market capitalization; the firm was valued at. , China’ s largest agriculture and interactive commerce platform, today announced its unaudited financial results for the fourth quarter and the fiscal year ended December 31, 2020. Pinduoduo is particularly popular with women living in the countryside and lower-tier cities. Cybersecurity and Infrastructure Security Agency (CISA) warned today of a high-severity Android vulnerability believed to have been exploited by a Chinese e-commerce app Pinduoduo as a. 3 million in the same quarter of 2020. 1 million compared to 757 million, but Pinduoduo still is nearly 300 million ahead of JD. Pinduoduo’s discounts can reach up to 90%; such heavily discounted prices cater to China’s rural and. Huang’s. 4 million to RMB 411. Pinduoduo: Together, More Bull, More Bear, More Fun. The CCP is trying to make sure they have a piece of pie in the market. (“Pinduoduo” or the “Company”) (NASDAQ: PDD), China. Launched. In nearly every major market outside China, one can find an online retailer importing goods directly from Chinese vendors or. (“Pinduoduo” or the “Company”) (NASDAQ: PDD), China’s largest. While many apps collect vast troves of user data, sometimes without explicit consent, experts say Chinese e-commerce giant Pinduoduo has taken violations of privacy and data security to the next. 1% since Tao Value’s pitch. A preliminary analysis by Lookout found that at least two off-Play versions of Pinduoduo for Android exploited CVE-2023-20963, the tracking number for an Android vulnerability Google patched in. Let me first recap our results in Q4 and full year 2021. That year, the Ministry of Industry and Information Technology launched a sweeping crackdownon apps that illegally collect and use. Temu’s popularity is largely due to its ultra-cheap knockoffs. Check Pinduoduo. A 22-year-old employee who worked at Chinese e-commerce platform Pinduoduo died suddenly after finishing work late at night and fainting on the way home. com is legit or a scam, website info, reviews pinduoduo. 1 shopping app in the U. Temu, which runs an online superstore for virtually. Market value as of Nov. Pinduoduo announced 2018 results on March 13, and at first glance it looks like Pinduoduo is producing tons of cash: “net cash provided by operating activities” was over RMB 7. The news has caused a. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral. 2 million in the same quarter of 2021. 1m sellers spent Rmb5,258 ($744) on advertisements last year, a rise of 64 per cent. Pinduoduo may also make written or oral forward-looking statements in its periodic reports to the U. You forget a big an important play which is PINDUODUO and is taking a lot of market share from Alibaba unfortunately. Safe Harbor Statements This announcement contains forward-looking statements. On Monday, shares closed at $50. 2 billion. 48 billion. Chinese behemoth Tencent is Pinduoduo’s second biggest shareholder with 16. com) For some background, Pinduoduo is a popular shopping app in China that sells clothing, groceries and pretty. Pinduoduo is making good on the promise it made to investors and consumers to strengthen its measures against knock-offs, after its stock price took a hammering following a spate of negative press. Although Pinduoduo reported a 123% revenue growth in. Has many users and a lot of visitors. Download now!The findings follow Google’s suspension of Pinduoduo from its Play Store in March, citing malware identified in versions of the app. 5 million in 2018. 29, 2022 (GLOBE NEWSWIRE) -- Pinduoduo Inc. ($16,280) through Pinduoduo purchases this year, he said. The increase. S. com? Date of last check: 2023-09-12. On an annual active user basis, Pinduoduo sits closer to Alibaba with 731. 07 for a fanny pack, $0. Pinduoduo also exploited a number of AOSP vulnerabilities, including one which was flagged by Toshin to Google in February 2022. When Pinduoduo was initially unveiled in 2015, it seemed there were no grounds for another e-commerce platform to take root in China. 68 billion yuan, according. Photo: Xinhua. Temu is the American-based sister brand of Pinduoduo, a discount shopping portal in China that’s competing pretty well with Alibaba. Non-profit organization. It recently was reported to have 751. 7 million (US$3,753. Temu, a shopping app operated by the parent firm of China’s e-commerce giant Pinduoduo, has risen from obscurity in the last few months. Check Point Research also found that some plug-ins used by the Pinduoduo app tried to obscure potentially malicious code by hiding them under legitimate file names, such as Google’s. There are two likely reasons that have driven this. 4 million), an increase of 89% from RMB12,193. 3 million. Credit: Pinduoduo. Pinduoduo Announces Pricing of its Offering of US$1,750,000,000 Convertible Senior Notes due 2025 and its Upsized Offering of 28,700,000 American Depositary Shares. The court ordered the company. “There is a fine line between what is called a ‘generic’ versus a ‘fake product’ in China, especially in the apparel and FMCG. Find out if PDD stock is a buy. Given the history between. > Keep your business safe with the best endpoint protection for small business “We strongly reject the speculation and accusation that the Pinduoduo app is malicious from an anonymous researcher. Annual spending per active buyer was RMB 2,115. It offers a wide range of products including apparel, shoes, food and beverage, electronic appliances as well. reportedly host a combination of legitimate and unauthorized activities. Pinduoduo reported growing financial results for the fourth quarter of 2022. Pinduoduo, which boasts a user base that accounts for three quarters of China's online population and a market value three times that of eBay, wasn't always an online shopping behemoth. S. com is a safe website! Pinduoduo. Temu — a Boston-based, Chinese-owned shopping app — first launched in the U. (“Pinduoduo” or the “Company”) (NASDAQ: PDD), China’s largest. Shares of PDD Holdings ( PDD 1. On an analyst call Monday, executives said some projects originally slated for the past. The Pinduodo IPO price was 19 USD per share. Restricted cash cannot be included in free cash flow, because it isn. The U. Google said in a statement Tuesday that it suspended the Pinduoduo app on the Google Play app store out of “security. That rosy outlook indicates that economies of scale are finally. 793B versus analyst expectations of RMB 32. A case study on how Pinduoduo's dedicated portal has helped farmers during the Covid-19 outbreak. . The Chinese ecommerce giant Pinduoduo has more than 750 million customers a month and sells a vast array of products and groceries. Official Channels. Temu, a Boston-based online retailer that shares the same owner as Chinese social commerce giant Pinduoduo, made its Super Bowl debut on Sunday. 4% in 2021 to 15. “Temu is not as aggressive as Pinduoduo that is requesting all. A. Pinduoduo (PDD 1. As an avid user of the platform, I have noticed a clear trend towards more invasive data collection practices. thumb_up High trust website The old, well-known website. Pinduoduo is probably one of the most underrated growth stocks. Pinduoduo is an online shopping platform that gives users discounts for purchasing in groups. Also, there are cases of scammers using the site to scam potential customers. Pinduoduo 's ( PDD 3. Is the site safe, legit and trustworthy? According to our analysis the site is safe, legit and trustworthy. 08 billion. However, PDD's shares subsequently corrected. The company sells everything from groceries and home appliances to iPhones. 4. These statements are made under the “safe harbor” provisions of the U. 98%) stock surged 15% on Aug. Pinduoduo’s growth ramped up to 65% in the third quarter (50% in U. Pinduoduo — Pinduoduo, one of China's most popular shopping applications, can spy on users, according to cybersecurity specialists. 2 billion yuan in 2020. Thank you for joining us on our earnings call for the fourth quarter and the fiscal year of 2021. Temu, a shopping app operated by the parent firm of China’s e-commerce giant Pinduoduo, has risen from obscurity in the last few months. What is the domain about? Pinduoduo - Together, More Savings, More Fun Under the scam, alleged cybercriminals make the online purchases while the same sum is then credited to their gambling account. Beyond. Despite facing scrutiny over data security. Pinduoduo, which boasts a user base that accounts for three quarters of China’s online population and a market value three times that of eBay (EBAY), wasn’t always an online shopping behemoth. 98%) last week announced its first-ever quarterly net profit as a publicly traded company. S. 29 following its second-quarter report. 26, 2021 (GLOBE NEWSWIRE) -- Pinduoduo Inc. This morning, E-Commerce company Pinduoduo beat analyst estimates on its Q1 financial results. Our total revenue in the fourth quarter. Sales for the quarter, not. Pinduoduo, a Chinese mobile shopping application founded in 2015 by Colin Huang, a former Google employee, has become one of. The TEMU app development team includes 100 engineers who built the Pinduoduo app, which earned a suspension from the Google Play Store. Alibaba-owned Taobao and Tmall still reign supreme at a combined Gross Merchandise Value (GMV) of $1. The Motley Fool owns shares of. Is legit or a scam, can you trust pinduoduo. . pinduoduo. Pinduoduo is a legitimate example of an e-commerce business that capitalizes on social commerce and entertainment buying growth by offering group purchase options. However, Pinduoduo used CVE-2023-20963 in conjunction with prior vulnerabilities to re-exploit the flaws. 32. The CNN report stated “Google has suspended Pinduoduo, a popular Chinese budget shopping app, from its Play Store after finding malware in versions of the app. Our algorithm gave the review of pinduoduo. 99 as of March 21 to $47. Both Temu and Pinduoduo are owned by PDD Holdings, a multinational business group listed on. PDD Holdings Inc.