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China's PDD Holdings, parent of Temu, moves headquarters to Ireland

Source: cnbc.com cnbc.com
News Snapshot:

PDD Holdings, the parent company of Temu and Pinduoduo, has moved its headquarters from China to Dublin, Ireland. The move underscores PDD's international expansion plans with Temu, its U.S. shopping app. PDD Holdings , the parent firm of e-commerce sites Temu and Pinduoduo, moved its headquarters from China to Ireland, underscoring the Chinese tech giant's international push. The U.S.-listed firm noted the Irish capital of Dublin as its "principal executive offices" in a recent filing with the Securities and Exchange Commission. It had previously listed Shanghai as its main office. Reuters first spotted the change. A representative for PDD was…

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