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Tag Archives: pinduoduo

Google Suspends China’s Pinduoduo App from Play Store Citing Malware Issues

The Pinduoduo app serves more than 700 million people every month. Google has no word on when it will get the app back on the Play Store. On Tuesday, March 21, tech giant Google announced the suspension of the Chinese e-commerce app Pinduoduo citing that they discovered malware in the unsanctioned versions of the software. Google Suspends Pinduoduo App As a security precaution, the Play Store version of Pinduoduo is no longer available for download. This development comes at a time when...

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Pinduoduo Surpasses in Valuation as Chinese Business Is on the Global Front Burner

While this may come as a surprise to many but the less known and less trendy Pinduoduo has overtaken the upscale internet retailer both in share price and valuation. The share price rose on NASDAQ more than 12% to $39.96 giving it a market capitalization of $46 billion ahead of JD’s $45 billion. This makes Pinduoduo the 4th largest internet Chinese company whose shares are listed in another country with Meituan at $65.572 billion, Tencent at $385 billion, Alibaba at $449 billion. This...

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