At the reopening ceremony of Yonghui Superstores' redesigned store on June 19th, Pinduoduo founder Colin Huang made an appearance and denied the rumor circulating online that Pinduoduo had entered other supermarkets' supply chains by renovating their stores. Huang said that Pinduoduo's products are all bid on with other suppliers. Additionally, the company's product research and development cost is also included and not calculated as a supply cost. In reality, the supply of many products results in losses. (Yicai)
永辉超市调改店重开业，于东来称不少供应调改店商品是亏损的
Yonghui Superstores have undergone renovations and reopened. Dong Lai said that many of the products in the renovated stores are unprofitable.
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