PDD (PDD) SC 13G/A Pinduoduo / SC US (TTGP) ownership change

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

(Rule 13d-102)

Information Statement Pursuant to Rules 13d-1 and 13d-2

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

Pinduoduo Inc.

(Name of Issuer)

Class A Ordinary Shares, par value $0.000005 per share

(Title of Class of Securities)

722304102**

(CUSIP Number)

December 31, 2021

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

*   The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

**   This CUSIP number applies to the Issuer’s American depositary shares, each representing four Class A Ordinary Shares.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

1	NAME OF REPORTING PERSON   SCC GROWTH IV HOLDCO A, LTD. (“SCCG HOLDCO IV-A”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   CAYMAN ISLANDS

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER   0
	6	SHARED VOTING POWER   120,917,348
	7	SOLE DISPOSITIVE POWER   0
	8	SHARED DISPOSITIVE POWER   120,917,348

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   120,917,348
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   3.4%1
12	TYPE OF REPORTING PERSON   OO

¹  Based on a total of 3,545,065,888 Class A ordinary shares outstanding as of December 31, 2020, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2021.

1	NAME OF REPORTING PERSON   SEQUOIA CAPITAL CHINA GROWTH FUND V, L.P. (“SCCGF V”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   CAYMAN ISLANDS

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER   0
	6	SHARED VOTING POWER   6,377,696
	7	SOLE DISPOSITIVE POWER   0
	8	SHARED DISPOSITIVE POWER   6,377,696

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   6,377,6961
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   0.2%2
12	TYPE OF REPORTING PERSON   PN

¹  Represented by 1,594,424 American Depositary Shares.

²  Based on a total of 3,545,065,888 Class A ordinary shares outstanding as of December 31, 2020, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2021.

1	NAME OF REPORTING PERSON   SEQUOIA CAPITAL CHINA GROWTH PARTNERS FUND V, L.P. (“SCCGPF V”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   CAYMAN ISLANDS

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER   0
	6	SHARED VOTING POWER   349,304
	7	SOLE DISPOSITIVE POWER   0
	8	SHARED DISPOSITIVE POWER   349,304

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   349,3041
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   Less than 0.1%2
12	TYPE OF REPORTING PERSON   PN

¹  Represented by 87,326 American Depositary Shares.

²  Based on a total of 3,545,065,888 Class A ordinary shares outstanding as of December 31, 2020, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2021.

1	NAME OF REPORTING PERSON   SEQUOIA CAPITAL CHINA GROWTH V PRINCIPALS FUND, L.P. (“SCCG V PF”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   CAYMAN ISLANDS

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER   0
	6	SHARED VOTING POWER   272,996
	7	SOLE DISPOSITIVE POWER   0
	8	SHARED DISPOSITIVE POWER   272,996

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   272,9961
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   Less than 0.1%2
12	TYPE OF REPORTING PERSON   PN

¹  Represented by 68,249 American Depositary Shares.

²  Based on a total of 3,545,065,888 Class A ordinary shares outstanding as of December 31, 2020, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2021.

1	NAME OF REPORTING PERSON   SEQUOIA CAPITAL CHINA GROWTH FUND IV, L.P. (“SCCGF IV”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   CAYMAN ISLANDS

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER
	6	SHARED VOTING POWER   120,917,348 shares, of which 120,917,348 shares are directly owned by SCCG HOLDCO IV-A. SCCG HOLDCO IV-A is wholly owned by SCCGF IV.
	7	SOLE DISPOSITIVE POWER
	8	SHARED DISPOSITIVE POWER   120,917,348 shares, of which 120,917,348 shares are directly owned by SCCG HOLDCO IV-A. SCCG HOLDCO IV-A is wholly owned by SCCGF IV.

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   120,917,348
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   3.4%1
12	TYPE OF REPORTING PERSON   PN

¹  Based on a total of 3,545,065,888 Class A ordinary shares outstanding as of December 31, 2020, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2021.

1	NAME OF REPORTING PERSON   SC CHINA GROWTH V MANAGEMENT, L.P. (“SCCG V MGMT”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   CAYMAN ISLANDS

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER   0
	6	SHARED VOTING POWER   6,999,996 shares, of which 6,377,696 shares are directly owned by SCCGF V, 349,304 shares are directly owned by SCCGPF V and 272,996 shares are directly owned by SCCG V PF. The General Partner of each of SCCGF V, SCCGPF V and SCCG V PF is SCCG V MGMT.
	7	SOLE DISPOSITIVE POWER   0
	8	SHARED DISPOSITIVE POWER   6,999,996 shares, of which 6,377,696 shares are directly owned by SCCGF V, 349,304 shares are directly owned by SCCGPF V and 272,996 shares are directly owned by SCCG V PF. The General Partner of each of SCCGF V, SCCGPF V and SCCG V PF is SCCG V MGMT.

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   6,999,996
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   0.2%1
12	TYPE OF REPORTING PERSON   PN

¹  Based on a total of 3,545,065,888 Class A ordinary shares outstanding as of December 31, 2020, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2021.

1	NAME OF REPORTING PERSON   SC CHINA GROWTH IV MANAGEMENT, L.P. (“SCCG IV MGMT”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   CAYMAN ISLANDS

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER   0
	6	SHARED VOTING POWER   120,917,348 shares, of which 120,917,348 shares are directly owned by SCCG HOLDCO IV-A. SCCG HOLDCO IV-A is wholly owned by SCCGF IV. The General Partner of SCCGF IV is SCCG IV MGMT.
	7	SOLE DISPOSITIVE POWER   0
	8	SHARED DISPOSITIVE POWER   120,917,348 shares, of which 120,917,348 shares are directly owned by SCCG HOLDCO IV-A. SCCG HOLDCO IV-A is wholly owned by SCCGF IV. The General Partner of SCCGF IV is SCCG IV MGMT.

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   120,917,348
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   3.4%1
12	TYPE OF REPORTING PERSON   PN

¹  Based on a total of 3,545,065,888 Class A ordinary shares outstanding as of December 31, 2020, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2021.

1	NAME OF REPORTING PERSON   SC CHINA HOLDING LIMITED (“SCC HOLD”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   CAYMAN ISLANDS

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER   0
	6	SHARED VOTING POWER   127,917,344 shares, of which 120,917,348 shares are directly owned by SCCG HOLDCO IV-A, 6,377,696 are directly owned by SCCGF V, 349,304 shares are directly owned by SCCGPF V and 272,996 shares are directly owned by SCCG V PF. SCCG HOLDCO IV-A is wholly owned by SCCGF IV. The General Partner of each of SCCGF V, SCCGPF V and SCCG V PF is SCCG V MGMT. The General Partner of SCCGF IV is SCCG IV MGMT. SCC HOLD is the General Partner of each of SCCG V MGMT and SCCG IV MGMT.
	7	SOLE DISPOSITIVE POWER   0
	8	SHARED DISPOSITIVE POWER   127,917,344 shares, of which 120,917,348 shares are directly owned by SCCG HOLDCO IV-A, 6,377,696 are directly owned by SCCGF V, 349,304 shares are directly owned by SCCGPF V and 272,996 shares are directly owned by SCCG V PF. SCCG HOLDCO IV-A is wholly owned by SCCGF IV. The General Partner of each of SCCGF V, SCCGPF V and SCCG V PF is SCCG V MGMT. The General Partner of SCCGF IV is SCCG IV MGMT. SCC HOLD is the General Partner of each of SCCG V MGMT and SCCG IV MGMT.

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   127,917,344
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   3.6%1
12	TYPE OF REPORTING PERSON   OO

¹  Based on a total of 3,545,065,888 Class A ordinary shares outstanding as of December 31, 2020, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2021.

1	NAME OF REPORTING PERSON   SNP CHINA ENTERPRISES LIMITED (“SNP”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   BRITISH VIRGIN ISLANDS

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER   0
	6	SHARED VOTING POWER   127,917,344 shares, of which 120,917,348 shares are directly owned by SCCG HOLDCO IV-A, 6,377,696 are directly owned by SCCGF V, 349,304 shares are directly owned by SCCGPF V and 272,996 shares are directly owned by SCCG V PF. SCCG HOLDCO IV-A is wholly owned by SCCGF IV. The General Partner of each of SCCGF V, SCCGPF V and SCCG V PF is SCCG V MGMT. The General Partner of SCCGF IV is SCCG IV MGMT. SCC HOLD is the General Partner of each of SCCG V MGMT and SCCG IV MGMT. SNP wholly owns SCC HOLD.
	7	SOLE DISPOSITIVE POWER   0
	8	SHARED DISPOSITIVE POWER   127,917,344 shares, of which 120,917,348 shares are directly owned by SCCG HOLDCO IV-A, 6,377,696 are directly owned by SCCGF V, 349,304 shares are directly owned by SCCGPF V and 272,996 shares are directly owned by SCCG V PF. SCCG HOLDCO IV-A is wholly owned by SCCGF IV. The General Partner of each of SCCGF V, SCCGPF V and SCCG V PF is SCCG V MGMT. The General Partner of SCCGF IV is SCCG IV MGMT. SCC HOLD is the General Partner of each of SCCG V MGMT and SCCG IV MGMT. SNP wholly owns SCC HOLD.

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   127,917,344
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   3.6%1
12	TYPE OF REPORTING PERSON   OO

¹  Based on a total of 3,545,065,888 Class A ordinary shares outstanding as of December 31, 2020, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2021.

1	NAME OF REPORTING PERSON   URM MANAGEMENT LIMITED (“URM MANAGEMENT”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   CAYMAN ISLANDS

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER   0
	6	SHARED VOTING POWER   2,350
	7	SOLE DISPOSITIVE POWER   0
	8	SHARED DISPOSITIVE POWER   2,350

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   2,3501
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   Less than 0.1%2
12	TYPE OF REPORTING PERSON   OO

^{1 2}   Represented by 9,400 American Depository Shares. Based on a total of 3,545,065,888 Class A ordinary shares outstanding as of December 31, 2020, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2021.

1	NAME OF REPORTING PERSON   NEIL NANPENG SHEN (“NS”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   HONG KONG SAR

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER   4,949,564
	6	SHARED VOTING POWER   127,919,694 shares, of which 120,917,348 shares are directly owned by SCCG HOLDCO IV-A, 6,377,696 are directly owned by SCCGF V, 349,304 shares are directly owned by SCCGPF V, 272,996 shares are directly owned by SCCG V PF and 2,350 shares are directly owned by URM MANAGEMENT. SCCG HOLDCO IV-A is wholly owned by SCCGF IV. The General Partner of each of SCCGF V, SCCGPF V and SCCG V PF is SCCG V MGMT. The General Partner of SCCGF IV is SCCG IV MGMT. SCC HOLD is the General Partner of each of SCCG V MGMT and SCCG IV MGMT. SNP wholly owns SCC HOLD. NS wholly owns SNP and URM MANAGEMENT.
	7	SOLE DISPOSITIVE POWER   4,949,5641
	8	SHARED DISPOSITIVE POWER   127,919,694 shares, of which 120,917,348 shares are directly owned by SCCG HOLDCO IV-A, 6,377,696 are directly owned by SCCGF V, 349,304 shares are directly owned by SCCGPF V, 272,996 shares are directly owned by SCCG V PF and 2,350 shares are directly owned by URM MANAGEMENT. SCCG HOLDCO IV-A is wholly owned by SCCGF IV. The General Partner of each of SCCGF V, SCCGPF V and SCCG V PF is SCCG V MGMT. The General Partner of SCCGF IV is SCCG IV MGMT. SCC HOLD is the General Partner of each of SCCG V MGMT and SCCG IV MGMT. SNP wholly owns SCC HOLD. NS wholly owns SNP and URM MANAGEMENT.

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   132,869,258
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   3.7%2
12	TYPE OF REPORTING PERSON   IN

1	Represented by 31,040 American Depositary Shares and 4,825,404 Class A ordinary shares.
2	Based on a total of 3,545,065,888 Class A ordinary shares outstanding as of December 31, 2020, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2021.

1	NAME OF REPORTING PERSON   SC GGFII HOLDCO, LTD. (“SC GGFII HOLD”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   CAYMAN ISLANDS

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER   0
	6	SHARED VOTING POWER   80,320,056
	7	SOLE DISPOSITIVE POWER   0
	8	SHARED DISPOSITIVE POWER   80,320,056

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   80,320,056
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   2.3%1
12	TYPE OF REPORTING PERSON   OO

¹  Based on a total of 3,545,065,888 Class A ordinary shares outstanding as of December 31, 2020, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2021.

1	NAME OF REPORTING PERSON   SEQUOIA CAPITAL GLOBAL GROWTH FUND III - ENDURANCE PARTNERS, L.P. (“SC GGF III”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   CAYMAN ISLANDS

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER   0
	6	SHARED VOTING POWER   13,710,196
	7	SOLE DISPOSITIVE POWER   0
	8	SHARED DISPOSITIVE POWER   13,710,196

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   13,710,1961
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   0.4%2
12	TYPE OF REPORTING PERSON   PN

1	Represented by 3,427,549 American Depositary Shares.
2	Based on a total of 3,545,065,888 Class A ordinary shares outstanding as of December 31, 2020, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2021.

1	NAME OF REPORTING PERSON   SEQUOIA CAPITAL GLOBAL GROWTH FUND III - ENDURANCE PARTNERS PRINCIPALS FUND, L.P. (“SC GGPF III”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   CAYMAN ISLANDS

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER   0
	6	SHARED VOTING POWER   289,804
	7	SOLE DISPOSITIVE POWER   0
	8	SHARED DISPOSITIVE POWER   289,804

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   289,8041
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   Less than 0.1%2
12	TYPE OF REPORTING PERSON   PN

1	Represented by 72,451 American Depositary Shares.
2	Based on a total of 3,545,065,888 Class A ordinary shares outstanding as of December 31, 2020, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2021.

1	NAME OF REPORTING PERSON   SEQUOIA CAPITAL GLOBAL GROWTH FUND II, L.P. (“SC GGF II”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   CAYMAN ISLANDS

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER   0
	6	SHARED VOTING POWER   80,320,056 shares, of which 80,320,056 shares are directly owned by SC GGFII HOLD. SC GGFII HOLD is wholly owned by SC GGF II and SC GGPF II.
	7	SOLE DISPOSITIVE POWER   0
	8	SHARED DISPOSITIVE POWER   80,320,056 shares, of which 80,320,056 shares are directly owned by SC GGFII HOLD. SC GGFII HOLD is wholly owned by SC GGF II and SC GGPF II.

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   80,320,056
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   2.3%1
12	TYPE OF REPORTING PERSON   PN

¹  Based on a total of 3,545,065,888 Class A ordinary shares outstanding as of December 31, 2020, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2021.

1	NAME OF REPORTING PERSON   SEQUOIA CAPITAL GLOBAL GROWTH II PRINCIPALS FUND, L.P. (“SC GGPF II”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   CAYMAN ISLANDS

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER   0
	6	SHARED VOTING POWER   80,320,056 shares, of which 80,320,056 shares are directly owned by SC GGFII HOLD. SC GGFII HOLD is wholly owned by SC GGF II and SC GGPF II.
	7	SOLE DISPOSITIVE POWER   0
	8	SHARED DISPOSITIVE POWER   80,320,056 shares, of which 80,320,056 shares are directly owned by SC GGFII HOLD. SC GGFII HOLD is wholly owned by SC GGF II and SC GGPF II.

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   80,320,056
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   2.3%1
12	TYPE OF REPORTING PERSON   PN

¹  Based on a total of 3,545,065,888 Class A ordinary shares outstanding as of December 31, 2020, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2021.

1	NAME OF REPORTING PERSON   SEQUOIA CAPITAL GLOBAL GROWTH FUND III - ENDURANCE PARTNERS MANAGEMENT, L.P. (“SC GGF III MGMT”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   CAYMAN ISLANDS

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER   0
	6	SHARED VOTING POWER   14,000,000 shares, of which 13,710,196 shares are directly owned by SC GGF III and 289,804 shares are directly owned   by SC GGPF III. The General Partner of each of SC GGF III and SC GGPF III is SC GGF III MGMT.
	7	SOLE DISPOSITIVE POWER   0
	8	SHARED DISPOSITIVE POWER   14,000,000 shares, of which 13,710,196 shares are directly owned by SC GGF III and 289,804 shares are directly owned   by SC GGPF III. The General Partner of each of SC GGF III and SC GGPF III is SC GGF III MGMT.

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   14,000,000
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   0.4%1
12	TYPE OF REPORTING PERSON   PN

¹   Based on a total of 3,545,065,888 Class A ordinary shares outstanding as of December 31, 2020, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2021.

1	NAME OF REPORTING PERSON    SC GLOBAL GROWTH II MANAGEMENT, L.P. (“SC GG II MGMT”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   CAYMAN ISLANDS

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER   0
	6	SHARED VOTING POWER    80,320,056 shares, of which 80,320,056 shares are directly owned by SC GGFII HOLD. SC GGFII HOLD is wholly   owned by SC GGF II and SC GGPF II. The General Partner of each of SC GGF II and SC GGPF II is SC GG II MGMT.
	7	SOLE DISPOSITIVE POWER   0
	8	SHARED DISPOSITIVE POWER    80,320,056 shares, of which 80,320,056 shares are directly owned by SC GGFII HOLD. SC GGFII HOLD is wholly   owned by SC GGF II and SC GGPF II. The General Partner of each of SC GGF II and SC GGPF II is SC GG II MGMT.

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   80,320,056
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   2.3%1
12	TYPE OF REPORTING PERSON   PN

¹   Based on a total of 3,545,065,888 Class A ordinary shares outstanding as of December 31, 2020, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2021.

1	NAME OF REPORTING PERSON   SC US (TTGP), LTD. (“SC US TTGP”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   CAYMAN ISLANDS

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER   0
	6	SHARED VOTING POWER   94,320,056 shares, of which 80,320,056 shares are directly owned by SC GGFII HOLD, 13,710,196 shares are directly   owned by SC GGF III and 289,804 shares are directly owned by SC GGPF III. SC GGFII HOLD is wholly owned by   SC GGF II and SC GGPF II. The General Partner of each of SC GGF II and SC GGPF II is SC GG II MGMT. The   General Partner of each of SC GGF III and SC GGPF III is SC GGF III MGMT. SC US TTGP is the General Partner of   each of SC GG II MGMT and SC GGF III MGMT.
	7	SOLE DISPOSITIVE POWER   0
	8	SHARED DISPOSITIVE POWER   94,320,056 shares, of which 80,320,056 shares are directly owned by SC GGFII HOLD, 13,710,196 shares are directly   owned by SC GGF III and 289,804 shares are directly owned by SC GGPF III. SC GGFII HOLD is wholly owned by   SC GGF II and SC GGPF II. The General Partner of each of SC GGF II and SC GGPF II is SC GG II MGMT. The   General Partner of each of SC GGF III and SC GGPF III is SC GGF III MGMT. SC US TTGP is the General Partner of   each of SC GG II MGMT and SC GGF III MGMT.

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   94,320,056
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   2.7%1
12	TYPE OF REPORTING PERSON   OO

¹   Based on a total of 3,545,065,888 Class A ordinary shares outstanding as of December 31, 2020, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2021.

1	NAME OF REPORTING PERSON   ROELOF BOTHA (“RB”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   USA
NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH		5	SOLE VOTING POWER   269,725
		6	SHARED VOTING POWER    94,320,056 shares, of which 80,320,056 shares are directly owned by SC GGFII HOLD, 13,710,196 shares are directly owned by SC GGF III and 289,804 shares are directly owned by SC GGPF III. SC GGFII HOLD is wholly owned by SC GGF II and SC GGPF II. The General Partner of each of SC GGF II and SC GGPF II is SC GG II MGMT. The General Partner of each of SC GGF III and SC GGPF III is SC GGF III MGMT. SC US TTGP is the General Partner of each of SC GG II MGMT and SC GGF III MGMT. The directors and stockholders of SC US TTGP who exercise voting and investment discretion with respect to the shares held by SC GGFII HOLD, SC GGF III and SC GGPF III are Messrs. RB and DL.
		7	SOLE DISPOSITIVE POWER   269,7251
		8	SHARED DISPOSITIVE POWER   94,320,056 shares, of which 80,320,056 shares are directly owned by SC GGFII HOLD, 13,710,196 shares are directly owned by SC GGF III and 289,804 shares are directly owned by SC GGPF III. SC GGFII HOLD is wholly owned by SC GGF II and SC GGPF II. The General Partner of each of SC GGF II and SC GGPF II is SC GG II MGMT. The General Partner of each of SC GGF III and SC GGPF III is SC GGF III MGMT. SC US TTGP is the General Partner of each of SC GG II MGMT and SC GGF III MGMT. The directors and stockholders of SC US TTGP who exercise voting and investment discretion with respect to the shares held by SC GGFII HOLD, SC GGF III and SC GGPF III are Messrs. RB and DL.
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   94,589,781
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   2.7%2
12	TYPE OF REPORTING PERSON   IN

¹  Represented by 23,747 American Depositary Shares and 174,737 Class A ordinary shares.

²  Based on a total of 3,545,065,888 Class A ordinary shares outstanding as of December 31, 2020, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2021.

1	NAME OF REPORTING PERSON   DOUGLAS LEONE (“DL”)
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   USA
NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH		5	SOLE VOTING POWER   67,261
		6	SHARED VOTING POWER   94,320,056 shares, of which 80,320,056 shares are directly owned by SC GGFII HOLD, 13,710,196 shares are directly owned by SC GGF III and 289,804 shares are directly owned by SC GGPF III. SC GGFII HOLD is wholly owned by SC GGF II and SC GGPF II. The General Partner of each of SC GGF II and SC GGPF II is SC GG II MGMT. The General Partner of each of SC GGF III and SC GGPF III is SC GGF III MGMT. SC US TTGP is the General Partner of each of SC GG II MGMT and SC GGF III MGMT. The directors and stockholders of SC US TTGP who exercise voting and investment discretion with respect to the shares held by SC GGFII HOLD, SC GGF III and SC GGPF III are Messrs. RB and DL.
		7	SOLE DISPOSITIVE POWER   67,2611
		8	SHARED DISPOSITIVE POWER   94,320,056 shares, of which 80,320,056 shares are directly owned by SC GGFII HOLD, 13,710,196 shares are directly owned by SC GGF III and 289,804 shares are directly owned by SC GGPF III. SC GGFII HOLD is wholly owned by SC GGF II and SC GGPF II. The General Partner of each of SC GGF II and SC GGPF II is SC GG II MGMT. The General Partner of each of SC GGF III and SC GGPF III is SC GGF III MGMT. SC US TTGP is the General Partner of each of SC GG II MGMT and SC GGF III MGMT. The directors and stockholders of SC US TTGP who exercise voting and investment discretion with respect to the shares held by SC GGFII HOLD, SC GGF III and SC GGPF III are Messrs. RB and DL.
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   94,387,317
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   2.7%2
12	TYPE OF REPORTING PERSON   IN

¹  Represented by 5,555 American Depositary Shares and 45,041 Class A ordinary shares.

²  Based on a total of 3,545,065,888 Class A ordinary shares outstanding as of December 31, 2020, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2021.

ITEM 1.

(a) Name of Issuer:

Pinduoduo Inc.

(b) Address of Issuer’s Principal Executive Offices:

28/F, No. 533 Loushanguan Road

Changning District, Shanghai 200051

People’s Republic of China

ITEM 2.

(a) Name of Persons Filing:

SCC Growth IV Holdco A, Ltd.

Sequoia Capital China Growth Fund V, L.P.

Sequoia Capital China Growth Partners Fund V, L.P.

Sequoia Capital China Growth V Principals Fund, L.P.

Sequoia Capital China Growth Fund IV, L.P.

SC China Growth V Management, L.P.

SC China Growth IV Management, L.P.

SC China Holding Limited

SNP China Enterprises Limited

URM Management Limited

Neil Nanpeng Shen

SC GGFII Holdco, Ltd.

Sequoia Capital Global Growth Fund III - Endurance Partners, L.P.

Sequoia Capital Global Growth Fund III - Endurance Partners Principals Fund, L.P.

Sequoia Capital Global Growth Fund II, L.P.

Sequoia Capital Global Growth II Principals Fund, L.P.

Sequoia Capital Global Growth Fund III - Endurance Partners Management, L.P.

SC Global Growth II Management, L.P.

SC US (TTGP), Ltd.

Roelof Botha

Douglas Leone

SCCG HOLDCO IV-A is wholly owned by SCCGF IV. The General Partner of each of SCCGF V, SCCGPF V and SCCG V PF is SCCG V MGMT. The General Partner of SCCGF IV is SCCG IV MGMT. SCC HOLD is the General Partner of each of SCCG V MGMT and SCCG IV MGMT. SNP wholly owns SCC HOLD. NS wholly owns SNP and URM MANAGEMENT

SC GGFII HOLD is wholly owned by SC GGF II and SC GGPF II. The General Partner of each of SC GGF II and SC GGPF II is SC GG II MGMT. The General Partner of each of SC GGF III and SC GGPF III is SC GGF III MGMT. SC US TTGP is the General Partner of each of SC GG II MGMT and SC GGF III MGMT. The directors and stockholders of SC US TTGP who exercise voting and investment discretion with respect to the shares held by SC GGFII HOLD, SC GGF III and SC GGPF III are Messrs. RB and DL.

(b) Address of Principal Business Office or, if none, Residence:

2800 Sand Hill Road, Suite 101

Menlo Park, CA 94025

(c) Citizenship:

SCCG HOLDCO IV-A, SCCGF V, SCCGPF V, SCCG V PF, SCCGF IV, SCCG V MGMT, SCCG IV MGMT, SCC HOLD, URM MANAGEMENT, SC GGFII HOLD, SC GGF III, SC GGPF III, SC GGF II, SC GGPF II, SC GGF III MGMT, SC GG II MGMT and SC US TTGP: Cayman Islands

SNP: British Virgin Islands

NS: Hong Kong SAR

RB, DL: USA

(d) CUSIP Number:

722304102

ITEM 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

NOT APPLICABLE

ITEM 4. OWNERSHIP

SEE ROWS 5 THROUGH 11 OF COVER PAGES

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  ☐.

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

NOT APPLICABLE

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.

NOT APPLICABLE

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

NOT APPLICABLE

ITEM 9. NOTICE OF DISSOLUTION OF GROUP.

NOT APPLICABLE

ITEM 10.CERTIFICATION

NOT APPLICABLE

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: February 14, 2022

SCC Growth IV Holdco A, Ltd.
By:	Sequoia Capital China Growth Fund IV, L.P.
	its Member
By:	SC China Growth IV Management, L.P.
	its General Partner
By:	SC China Holding Limited
	its General Partner
By:	/s/ Neil Nanpeng Shen
	Neil Nanpeng Shen, Authorized Signatory
Sequoia Capital China Growth Fund V, L.P.
Sequoia Capital China Growth Partners Fund V, L.P.
Sequoia Capital China Growth V Principals Fund, L.P.
By:	SC China Growth V Management, L.P.
	General Partner of each
By:	SC China Holding Limited
	its General Partner
By:	/s/ Neil Nanpeng Shen
	Neil Nanpeng Shen, Authorized
	Signatory
Sequoia Capital China Growth Fund IV, L.P.
By:	SC China Growth IV Management, L.P.
	its General Partner
By:	SC China Holding Limited
	its General Partner
By:	/s/ Neil Nanpeng Shen
	Neil Nanpeng Shen, Authorized Signatory
SC China Growth V Management, L.P.
By:	SC China Holding Limited
	its General Partner
By:	/s/ Neil Nanpeng Shen
	Neil Nanpeng Shen, Authorized
	Signatory

SC China Growth IV Management, L.P.
By:	SC China Holding Limited
	its General Partner
By:	/s/ Neil Nanpeng Shen
	Neil Nanpeng Shen, Authorized
	Signatory
SC China Holding Limited
By:	/s/ Neil Nanpeng Shen
	Neil Nanpeng Shen, Authorized
	Signatory
SNP China Enterprises Limited
By:	/s/ Neil Nanpeng Shen
	Neil Nanpeng Shen, Authorized
	Signatory
URM Management Limited
By:	/s/ Neil Nanpeng Shen
	Neil Nanpeng Shen, Authorized Signatory
Neil Nanpeng Shen
By:	/s/ Neil Nanpeng Shen
	Neil Nanpeng Shen, Authorized Signatory
SC GGFII Holdco, Ltd.
By:	Sequoia Capital Growth Fund II, L.P.
	Sequoia Capital Global Growth II
	Principals Fund, L.P.
	its Members
By:	Sequoia Capital Global Growth II
	Management, L.P.
	its General Partner
By:	SC US (TTGP), Ltd.
	its General Partner
By:	/s/ Douglas Leone
	Douglas Leone, Managing Director

Sequoia Capital Global Growth Fund III - Endurance Partners, L.P.
By:	Sequoia Capital Global Growth Fund III - Endurance Partners Management, L.P.
	its General Partner
By:	SC US (TTGP), Ltd.
	its General Partner
By:	/s/ Douglas Leone
	Douglas Leone, Managing Director
Sequoia Capital Global Growth Fund III - Endurance Partners Principals Fund, L.P.
By:	SC US (TTGP), Ltd.
	its General Partner
By:	/s/ Douglas Leone
	Douglas Leone, Managing Director
Sequoia Capital Growth Fund II, L.P.
Sequoia Capital Global Growth II Principals Fund, L.P.
By:	Sequoia Capital Global Growth II Management, L.P.
	Its General Partner
By:	SC US (TTGP), Ltd.
	its General Partner
By:	/s/ Douglas Leone
	Douglas Leone, Managing Director
Sequoia Capital Global Growth Fund III - Endurance Partners Management, L.P.
By:	SC US (TTGP), Ltd.
	its General Partner
By:	/s/ Douglas Leone
	Douglas Leone, Managing Director
Sequoia Capital Global Growth II Management, L.P.
By:	SC US (TTGP), Ltd.
	its General Partner
By:	/s/ Douglas Leone
	Douglas Leone, Managing Director

SC US (TTGP), Ltd.
By:	/s/ Douglas Leone
	Douglas Leone, Managing Director
Douglas Leone
By:	/s/ Douglas Leone
	Douglas Leone, Managing Director
Roelof Botha
By:	/s/ Roelof Botha
	Roelof Botha, Managing Director