PDD Holdings' (PDD) Pinduoduo will reportedly invest over 100 billion renminbi ($13.76 billion) over the next three years to support platform merchants, multiple media outlets reported Thursday, citing the bargain shopping platform.
The investment will go toward capital, traffic, and other resources to strengthen its e-commerce ecosystem, The Wall Street Journal reported.
PDD Holdings shares were down nearly 5% in recent premarket activity.
PDD Holdings did not immediately respond to requests for comment from MT Newswires.
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