Pinduoduo owner PDD moves headquarters to Ireland from China

(Source: Reuters/Florence Lo)

PDD Holdings, which owns discount e-commerce platforms Pinduoduo and Temu, has moved its headquarters from China to Ireland, according to recent filings from the company.

The latest filings list Dublin as the company’s “principal executive offices”. Filings as recently as February show Shanghai as the listed address.

The Chinese company, which recently named Jiazhen Zhao, one of the founding members of PDD, as CEO did not immediately respond to a Reuters request for comment.

PDD reported revenue of US$5.76 billion in the fourth quarter, falling short of estimates for $5.9 billion yuan, based on Refinitiv data, as China’s post-reopening consumer recovery remains patchy.

  • Reporting by Juby Babu in Bengaluru. Editing by Gerry Doyle, of Reuters.

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