China Officials, PDD Staff Get Into Fistfights During Audit (1)

At least two fistfights broke out last week between PDD Holdings Inc. employees and Chinese regulators who were performing checks at the e-commerce company’s Shanghai premises, according to people familiar with the matter.

The altercations involved PDD staff and officials from the State Administration for Market Regulation, the people said, asking not to be identified discussing a sensitive issue. The SAMR officials were investigating reports of fraudulent deliveries on PDD’s platform, the people said, adding that police made several arrests in the aftermath.

While details of how the fights began weren’t immediately clear, the episode may trigger investor concern ...