Short seller accuses Pinduoduo of overstating sales

Citing discrepancies, Blue Orca claims Tencent-backed Pinduoduo reported inflated sales and GMV numbers. Judging by its response so far, though, the market seems unconvinced.
November 15, 2018

Pinduoduo overstated its sales in filings to the US regulator, according to activist investment fund Blue Orca Capital, but the market so far appears unconvinced by the short seller's claims as it buckles in for a formal response from the Chinese e-commerce site operator.

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