In the evening of June 2nd, some media published an “exclusive news” that Pinduoduo will determine to return to Hong Kong for a secondary listing, and stated that CICC is its sponsor One. The report quoted an insider as saying that the listing team of Pinduoduo originally planned to submit the form in mid-June, but it did not rule out speeding.
In response, a spokesperson for Pinduoduo stated that we have never discussed this plan with any intermediary agency, nor have we ever dealt with anything about “two I don’t know where such exclusive news came from when I contacted the topic of “second listing”. The company’s 6,000 employees are rushing for consumers to experience “618 every day, 11 days a day.” The company’s cash flow is healthy, and the fund reserve and income growth rate so far are enough to allow the “tens of billions of subsidies” to last for many years, so there is no plan for secondary listing.