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INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Pinduoduo, Inc. Investors


Law Offices of Howard G. Smith announces that a class action lawsuit has
been filed on behalf of investors that purchased or otherwise acquired
securities of Pinduoduo, Inc. ("Pinduoduo" or the "Company") (NASDAQ: PDD)
securities pursuant to the Company's July 2018 initial public offering,
or in the open market between July 23, 2018 and August 21, 2018, inclusive
(the "Class Period"). Pinduoduo investors have until October 22,
to file a lead plaintiff motion.

Investors suffering losses on their Pinduoduo investments are encouraged
to contact the Law Offices of Howard G. Smith to discuss their legal
rights in this class action at 888-638-4847 or by email to

On July 31, 2018 and August 1, 2018, media outlets reported that Chinese
government agencies began investigating Pinduoduo after reports that
third-party vendors were selling counterfeit goods on Pinduoduo's
group-discounting website. On this news, shares of Pinduoduo fell $2.28,
to close at $20.31 on August 1, 2018, thereby injuring investors.

The Complaint filed in this class action alleges that throughout the
Class Period, Defendants made materially false and/or misleading
statements, as well as failed to disclose material adverse facts about
the Company's business, operations, and prospects. In the Registration
Statement and Prospectus issued in connection with Pinduoduo's IPO,
Defendants made materially false and misleading statements regarding the
Company's business, operational and compliance policies. Specifically,
Defendants made false and/or misleading statements and/or failed to
disclose that: (i) Pinduoduo's controls were ineffective to present
third-party vendors from selling counterfeit goods on the Company's
online platform; (ii) consequently, Pinduoduo's revenues and the number
of active merchants using its platform were traceable in part to
unlawful conduct and thus unsustainable; and (iii) as a result,
Pinduoduo's public statements were materially false and misleading at
all relevant times.

If you purchased shares of Pinduoduo, have information or would like to
learn more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to,
or visit our website at

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

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