(ECNS) -- Chinese online group discounter Pinduoduo has denied speculation that Apple dealers have stopped supplying it products.
Online rumors alleged that Apple sent a notification to authorized dealers saying they should not supply products to the Nasdaq-listed online marketplace or face having their authorization revoked.
The company, which allows consumers to group together to get better discounts from merchants selling goods, said in a statement that it has been a victim of online rumors and spoofing.
Since the Double 11 online shopping festival on November 11 last year, Pinduoduo has sold more than 1.1 million new iPhones provided by authorized Apple dealers at a savings to customers of more than 500 million yuan ($74 million).
During the period, Pinduoduo implemented a rigorous review of Apple product distributors on the platform and made sure all new iPhone products sold were authentic with standard invoices provided.
New iPhone products on Pinduoduo were sold for 500 to 1,000 yuan less than the market price in the big sales season.
The company said the promotion was a reasonable decision to give up profits and reward consumers, so it should not be treated with vicious attacks as a result.
