Pinduoduo Switches Audit Firm, Boosting Prospects for Hong Kong IPO

2025-07-24 / Read about 0 minute

Author：小编

Pinduoduo has announced the appointment of Ernst & Young Hong Kong to handle the auditing of its financial statements for the current year, a shift from its previous partnership with Ernst & Young Hua Ming Accounting Firm based in Beijing. Market analysts speculate that this change could signal Pinduoduo's preparations for a potential listing in Hong Kong. Typically, companies contemplating a listing in Hong Kong must collaborate with local audit firms to comply with regulatory standards. In response to this development, Pinduoduo's share price surged as much as 5.6% intraday, ultimately closing up 2.97% at $118.46.

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