Core Viewpoint - PDD Holdings Inc., formerly known as Pinduoduo Inc., is under investigation following a lawsuit by the Arkansas Attorney General regarding its Temu online marketplace, which is accused of violating personal information protection laws [2]. Investigation Details - The lawsuit claims that Temu operates as "functionally malware and spyware," designed to gain unrestricted access to users' phone operating systems for unauthorized data collection [2]. - Following the announcement of the lawsuit, PDD's American depositary receipt (ADR) price dropped by 131.94 per ADR on June 27, 2024 [2]. Next Steps - Investors who purchased PDD securities and have relevant information are encouraged to assist the investigation by visiting the law firm's website [3].
PDD Holdings Inc. f/k/a Pinduoduo Inc. (PDD) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings