Pinduoduo reports theft of online discount vouchers

January 21, 2019 09:13
Pinduoduo has revealed that hackers exploited a loophole on its online platform to steal tens of millions of yuan worth of discount vouchers. Photo: Bloomberg

Chinese social e-commerce firm Pinduoduo said on Sunday that an online collective exploited a loophole on its platform to "steal" tens of millions of yuan worth of discount vouchers.

According to a statement posted on its official Weibo account, Pinduoduo immediately rectified the bug and reported the incident to police, Reuters reports.

Pinduoduo, which listed on the Nasdaq in late July last year after a US$1.63 billion IPO, allows consumers to group together to get better discounts from merchants selling goods such as clothes, kitchenware and gadgets.

-- Contact us at [email protected]

CG/RC