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BEIJING (Reuters) – Chinese group Pinduoduo Inc. announced on Sunday that an online collective had exploited a flaw on its platform to "steal" tens of millions of yuan worth of coupons.
In a statement on his official Weibo account, Pinduoduo said that he had immediately corrected the problem and reported the incident to the police.
The strong growth of the Nasdaq-listed online marketplace allows consumers to come together for better discounts from merchants selling products as diverse as clothes, kitchenware and gadgets.
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