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China fines e-commerce firm PDD for tax violations amid probe (www.scmp.com)

submitted 3 weeks ago by rss@news.abolish.capital to c/china@news.abolish.capital

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Shanghai’s tax authority fined an operating entity of PDD Holdings, the US-listed e-commerce company that runs platforms including Pinduoduo and Temu, citing its failure to comply with local tax requirements, according to a Wednesday report from state news agency Xinhua. Shanghai Xunmeng Information Technology, a PDD Holdings subsidiary which operates Pinduoduo, failed to report necessary information concerning its platform operators and employees for the third quarter of 2025, the city’s tax...

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