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Chinese Commerce

A shareholder class action claims that shares of Pinduoduo fell below its July IPO price of $19 (for a total of $1.6 billion) after China announced it was investigating the Chinese e-commerce company for selling counterfeit goods and violating copyright.

REDWOOD CITY, Calif. — A shareholder class action claims that shares of Pinduoduo fell below its July IPO price of $19 (for a total of $1.6 billion) after China announced it was investigating the Chinese e-commerce company for selling counterfeit goods and violating copyright.

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