PDD Holdings Accelerates Expansion into Xiong'an, Focusing on Digital Economy

Deep News07-05 20:21

From its corporate establishment to employee onboarding, and from strategic agreements to property acquisitions, PDD Holdings Inc has completed a series of substantive moves in the Xiong'an New Area within just over a month.

As of June 30, the number of employees at PDD Information Technology Service (Xiong'an) Co., Ltd. has surpassed 600, injecting vitality into the high-quality development of the new area's digital economy industry.

Establishing Roots in Xiong'an with Rapid Implementation

In May of this year, PDD Holdings Inc officially announced the establishment of PDD Information Technology Service (Xiong'an) Co., Ltd. (referred to as "PDD Xiong'an Company"), with an initial cash investment of 5 billion yuan. The company plans to focus its operations in Xiong'an on big data processing, digital operations and maintenance, and cloud platform services.

Subsequently, various tasks progressed swiftly: In early June, the first batch of 150 new employees officially joined the company. On June 16, Zhu Zheng, Executive President of PDD Holdings Inc, led a delegation to inspect Xiong'an New Area and formally signed a Digital Service Strategic Cooperation Framework Agreement with the Xiong'an New Area Administrative Committee. On June 21, PDD Holdings Inc completed a signing with PowerChina, acquiring a 12-story office building in the Xiong'an PowerChina Zhihui City Digital New Consumption E-commerce Industrial Park through a bulk purchase.

The office building, located in the PowerChina Zhihui City at the gateway of the new area, creates a convenient 15-minute living circle for employees. The surrounding three-dimensional transportation network connects various parts of the Beijing-Tianjin-Hebei region, also providing favorable conditions for PDD Holdings Inc to attract various types of high-quality talent. The office building is expected to be officially put into use by the end of July.

As a key area for relocating non-capital functions from Beijing, Xiong'an New Area is becoming an innovation hub for the new era and a "city of the future" driving high-quality development. PDD Holdings Inc, as a leading e-commerce platform, chose to establish its new company in Xiong'an, aligning with national regional strategies while also seeking new growth spaces in the digital economy and promoting its expansion and quality improvement.

Attracting Talent to Build a New Engine for the Digital Economy

Currently, over 80% of the employees at PDD Xiong'an Company are from the Beijing-Tianjin-Hebei region, with more than 60% of the first 1,000 job openings already filled. In the eyes of new employees, Xiong'an New Area, this young city, represents an "ideal garden city," filling them with anticipation for the new chapter of work and life about to begin.

As the employee count continues to rise, PDD Xiong'an Company is further opening management positions at multiple levels and adding new roles such as middle-office operations, data analysis, quality inspection specialists, and training supervisors, providing solid support for retaining and cultivating talent in the new area.

A representative from PDD Holdings Inc stated that the group will take root in and serve Xiong'an, increasing resource investment and industrial layout, actively exploring more collaborative potential, implementing more business scenarios, empowering the upstream and downstream of the industrial chain with digital technology, and building a modern, integrated supply chain system to contribute greater strength to the high-quality construction and development of Xiong'an New Area.

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