PANews reported on January 21 that, according to the Shanghai Changning District Tax Bureau of the State Taxation Administration, Shanghai Xunmeng Information Technology Co., Ltd. failed to submit tax-related information as required by the "Regulations on Tax Information Reporting for Internet Platform Enterprises" and was ordered by the tax authorities to rectify the situation within a specified period. Although the company had made rectifications, it failed to complete them within the prescribed time limit. Therefore, the bureau imposed a fine of 100,000 yuan on Pinduoduo in accordance with laws and regulations.