PDD Holdings Inc, the operator of the popular e-commerce platform Pinduoduo, has made significant investments in corporate real estate, securing office buildings in two of China's key cities.

Following its move in Xiong'an, the group has now purchased an entire office tower in Shanghai's prominent Lujiazui financial district, marking the completion of crucial asset acquisitions in both locations.

In Shanghai, the company has acquired the DBS Bank Tower located in Lujiazui. For its operations in Xiong'an, PDD has formally established its presence within the PowerChina Zhihui City Digital New Consumption E-commerce Industrial Park, where it will concentrate on core digital economy businesses such as big data processing, digital operations and maintenance, and cloud platform services.