Arkansas AG lawsuit claims the number one mobile shopping app is ‘dangerous malware' [Verge, The]
PDD Holdings Inc. - American Depositary Shares (PDD)
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Source: Verge, The
Share this story Arkansas Attorney General Tim Griffin made sweeping claims against e-commerce app Temu in a lawsuit on Tuesday, accusing the company of violating state law against deceptive trade practices. “Temu purports to be an online shopping platform, but it is dangerous malware, surreptitiously granting itself access to virtually all data on a user's cell phone,” Griffin alleges Temu is the number one free shopping app on the Apple App Store and Google Play Store and is owned by PDD Holdings, which also runs a popular app called Pinduoduo. PDD was based in China until last year, when it moved its headquarters to Ireland . The lawsuit tees up its allegations against Temu with a description of those against Pinduoduo, which researchers believed could spy on users , according to CNN, and which the Google Play Store suspended at one point in 2023 due to security concerns with “Off-Play versions of the app.” Arkansas alleges that Temu, which was heavily marketed in the US ,
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- Syntun|2024 "618" Promotion Report: The GMV during China "618" promotion reached 742.8 billion yuan, and the livestreaming platforms became a traffic boosterPR Newswire
PDD
Earnings
- 5/22/24 - Beat
PDD
Sec Filings
- 5/22/24 - Form 6-K
- 4/25/24 - Form 20-F
- PDD's page on the SEC website