China to probe US-listed shopping app Pinduoduo over fake goods

China to probe US-listed shopping app Pinduoduo over fake goods

Colin Huang, chief executive officer and founder of Pinduoduo, poses for a photograph at the company's office in Shanghai, China, on Friday, Feb. 24, 2017. . Photographer: Qilai Shen/Bloomberg

Chinese regulators announced an investigation into widespread reports of counterfeits sold through Pinduoduo Inc. just a week after the e-commerce operator’s high-profile U.S. initial public offering.

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