BREAKING NEWS
This content is not available in your region

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

China's Pinduoduo reports theft of online discount vouchers to police
FILE PHOTO: The logo of Chinese online group discounter Pinduoduo is seen next to its mobile phone app in this illustration picture taken July 17, 2018. REUTERS/Florence Lo/Illustration   -   Copyright  Reuters Staff(Reuters)
Text size Aa Aa

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)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.