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Pinduoduo and Temu owner PDD moves some operations to Ireland amid scrutiny of Chinese apps overseas
- PDD Holdings changed its principal executive offices in corporate filings to a Dublin address, but Pinduoduo said its head office would stay in Shanghai
- PDD has sought to distance its budget shopping app Temu, launched last year, from China as it rapidly expands to new markets amid booming popularity
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PDD Holdings, the Chinese owner of the budget e-commerce platform Pinduoduo, has moved some of its operations from China to Ireland, according to the company’s latest financial filings, as it continues to expand its Western-facing online shopping platform Temu.
In a March 22 filing with the US Securities Exchange Commission, the company listed the address for its “principal executive offices” as an office building in Dublin. Reports in February still listed the principal offices as in Shanghai.
However, Pinduoduo told Chinese media that its headquarters would remain in Shanghai, Sing Tao Daily reported on Thursday. The Dublin office would be used as the legal registration for PDD Holdings’ overseas business, it said.
The company made a big international push last year with Temu, which launched in the US, operating out of Boston, and has expanded to nine other countries.
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The change may reflect an effort to distance Temu from China, where most of its operations are based, as the US and other countries ramp up scrutiny of Chinese apps.
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