On July 9th, according to Caixin News Agency, Pinduoduo purchased a 19 story office building in Pudong New Area, Shanghai. Prior to this, Pinduoduo also purchased an office building in Xiong'an New Area and developed Xiong'an Company into a data processing service center and a high-quality development center for traditional manufacturing industry. From Xiong'an New Area to Pudong New Area, Pinduoduo has continued to heavily invest in the Chinese economy through real investment and tangible industrial landing.