722304AB8

Pdd Holdings Inc.

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A Chinese e-commerce giant that runs Pinduoduo, a shopping app where friends team up for group deals to unlock lower prices, and Temu, its bargain marketplace for shoppers worldwide. It was founded in 2015 by Colin Huang, a former Google engineer, who wanted an experience he called "Costco meets Disneyland." The name "Pinduoduo" roughly means "together, more savings, more fun" — and the app even grew a virtual farm game that nudges users to keep coming back.

0% Convertible Senior Notes due 2024

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