August 1, 2018 / 2:54 AM / 19 days ago

China to investigate online discounter Pinduoduo over media reports of counterfeit goods

BEIJING, Aug 1 (Reuters) - China’s markets regulator said on Wednesday it has asked Shanghai regulators to investigate online group discounter Pinduoduo Inc regarding media reports about counterfeit goods and intellectual property infringements on the platform.

The regulators will deal seriously with any illegal practices found on the platform, the State Administration for Market Regulation said on its website. (Reporting by Beijing Monitoring Desk Editing by Eric Meijer)

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