San Diego, CA -- (SBWIRE) -- 08/14/2018 -- Pinduoduo Inc. is under investigation over potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of Pinduoduo Inc. (NASDAQ: PDD), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Pinduoduo Inc. (NASDAQ: PDD) concerning whether certain statements by Pinduoduo Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

China based Pinduoduo Inc is an e-commerce company that provides buyers with value-for-money merchandise and fun and interactive shopping experiences. On July 26, 2018, Pinduoduo Inc announced its pricing of its initial public offering ("IPO"). Shares of Pinduoduo Inc. (NASDAQ: PDD) reached $27.54 per share on July 27, 2018.

Then, on July 31, 2018 and August 1, 2018, media outlets reported that China's Statement Administration for Market Regulation ordered Shanghai's Industry and Commerce Bureau to investigate Pinduoduo Inc. after reports that third-party vendors were selling counterfeit goods on Pinduoduo's group-discounting website.

Shares of Pinduoduo Inc. (NASDAQ: PDD) declined to $18.62 per share on August 1, 2018.

Those who purchased shares of Pinduoduo Inc. (NASDAQ: PDD) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com