Recently, Pinduoduo's 10 billion subsidies for Apple Zone launched the "1 cent to grab 300 yuan coupon" activity. The voucher is valid for 1 year and can only be used for all iPhones in the 10 Billion Subsidy Zone, and users will receive priority notifications when the iPhone 12 is ready. At present, the event page shows that "the first batch of 100,000 300 yuan coupons have been robbed", and it is not yet known when the next batch of coupons will be released.
As of now, the Apple zone of Pinduoduo's tens of billions of subsidies has not yet seen the figure of the iPhone 12 series. On the page of the coupon grab, the words "iPhone12 is in short supply and urgently in stock" is eye-catching.

Pinduoduo tens of billions of subsidies - Apple Zone
The iPhone 12 was sold out in a short period of time after being listed on the third-party e-commerce platform, and even the official website postponed the delivery date of some models to November. The iPhone 12 series is in short supply in China, and some channel providers even add money to get the supply. The reason why the iPhone 12 has not been listed on the shelves for tens of billions of subsidies may be one of the reasons.
As for another reason, it may be the apple "new regulations" that have recently been rumored on the Internet.
Image source Blue Whale Network
In simple terms, the new regulations not only prohibit the flow of goods from offline physical stores to online e-commerce platforms, but also stipulate that machines must be activated on the spot during offline sales to prevent resale. At present, according to online news, the new regulations are basically determined. This means that the channels for e-commerce platforms to purchase goods from offline physical stores have been significantly affected, and the supply of goods cannot be guaranteed.
The new look of the iPhone 12 coupled with 5G has triggered a wave of replacements. However, there is no exact date for when the iPhone 12 series will hit the shelves with tens of billions of subsidies.