Market Overview

INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against Pinduoduo, Inc.


The law firm of Kirby
McInerney LLP
announced today that a class action lawsuit has been
filed in the U.S. Southern District of New York against Pinduoduo, Inc.
("Pinduoduo" or "Company") (NASDAQ:PDD) seeking recovery of damages for
alleged violations of the federal securities laws. Investors have until
October 22, 2018 to apply to the Court to be appointed as lead plaintiff
in the lawsuit.

The lawsuit alleges that on July 31, 2018 and August 1, 2018, multiple
media outlets reported that China's State Administration for Market
Regulation was investigating Pinduoduo due to reports of third-party
vendors selling counterfeit goods on the platform, a group-discounting
website. On this news, shares declined from $22.59 on July 31, 2018 to
$20.31 (a decline of $2.28).

If you purchased or otherwise acquired Pinduoduo securities during the
period from July 26, 2018 through and including August 21, 2018, have
information, or would like to learn more about this lawsuit or about
claims that you may have, please contact Thomas W. Elrod of Kirby
McInerney LLP at 212-371-6600, by email at,
or by filling out this contact
, to discuss your rights or interests with respect to these
matters without any cost to you.

Kirby McInerney LLP is a New York-based plaintiffs' law firm
concentrating in securities, antitrust and whistleblower litigation. The
firm's efforts on behalf of shareholders in securities litigation have
resulted in recoveries totaling billions of dollars. Additional
information about the firm can be found at Kirby McInerney LLP's

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

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