Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reuters
Reuters
Business

China's Pinduoduo reports theft of online discount vouchers to police

The Pinduoduo logo is seen in this illustration photo taken July 17, 2018. REUTERS/Thomas White/Illustration

BEIJING (Reuters) - Chinese online group discounter Pinduoduo Inc <PDD.O> said on Sunday that an online collective exploited a loophole on its platform to "steal" tens of millions of yuan worth of discount vouchers.

In a statement on its official Weibo account, Pinduoduo said it immediately rectified the bug and reported the incident to police.

The fast-growing Nasdaq-listed online marketplace allows consumers to group together to get better discounts from merchants selling goods as varied as clothes, kitchenware and gadgets.

(Reporting by Philip Wen and Pei Li; Editing by Michael Perry)

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.