On December 10th, China’s e-commerce giant Pinduoduo saw its stock fall more than 2% after the U.S. market opened, with pre-market trading at one point dropping by over 3%. Rumors began circulating that Pinduoduo’s top executives had gotten into a physical altercation with officials from the Chinese Communist Party’s regulatory authorities, and that the situation was escalating, drawing the attention of both the State Council and the Ministry of Public Security.
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