PDD had leveraged Duoduo Maicai's business development team of around 3,000 people to sign up bricks-and-mortar outlets, such as restaurants and tourist attractions, the report said.

E-commerce giant PDD Holdings has halted work on its local life services offering, avoiding head-to-head rivalry with Meituan, Alibaba Group Holding and ByteDance, whose Douyin short video app has ...