Shanghai tax authority fines discount e-commerce firm PDD Holdings
Reuters
Jan 21
Shanghai tax authority fines discount e-commerce firm PDD Holdings
SHANGHAI, Jan 21 (Reuters) - A Shanghai district taxation bureau has fined e-commerce firm PDD Holdings PDD.O 100,000 yuan ($14,359) for failing to submit tax information in accordance with requirements, Chinese state media outlet Xinhua reported on Wednesday.
The company, which operates the platforms Pinduoduo within China and Temu internationally, did not immediately respond to a request for comment.
($1 = 6.9640 Chinese yuan renminbi)
(Reporting by Casey Hall; Editing by Christopher Cushing)
((Casey.Hall@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.