According to the Tianyancha App, recently, Shanghai Xunmeng Information Technology Co., Ltd., an affiliate of Pinduoduo, was fined 540,000 yuan by the Changning District Market Supervision Administration for posting false advertisements. The company was founded in January 2014. The legal representative is Zhao Jiazhen, with a registered capital of 10 million yuan. Its business scope includes import and export of goods, technology import and export, food management, etc., and is wholly owned by Hangzhou Amy Network Technology Co., Ltd. It's worth mentioning that the company has been fined several times since this year.

According to the Tianyancha App, recently, Shanghai Xunmeng Information Technology Co., Ltd., an affiliate of Pinduoduo, was fined 540,000 yuan by the Changning District Market Supervision Administration for posting false advertisements. The company was founded in January 2014. The legal representative is Zhao Jiazhen, with a registered capital of 10 million yuan. Its business scope includes import and export of goods, technology import and export, food management, etc., and is wholly owned by Hangzhou Amy Network Technology Co., Ltd. It's worth mentioning that the company has been fined several times since this year.