On July 8, Pinduoduo rose 3.13% in regular trading, trading at $85.18/share, with turnover of $224 million.

On the news front, Pinduoduo's Xiong'an subsidiary has surpassed 1,200 employees, with over 600 onboarded in a single week, making it the largest private enterprise by headcount in the Xiong'an New Area. The company's initial batch of 1,000 positions was filled ahead of schedule, and the next recruitment phase has already launched.

According to company leadership, the group plans to develop the Xiong'an subsidiary into a data processing service center and a hub for high-quality development in traditional manufacturing. Employee headcount is targeted to reach 5,000 within the next year. The company previously purchased an entire 12-story office building in Xiong'an, expected to be operational by end of July, completing the transition from registration to property acquisition in just one month. The subsidiary will focus on big data processing, digital operations, and cloud platform services, with over 80% of current staff recruited from the Beijing-Tianjin-Hebei region.

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