Here’s a more comprehensive, if somewhat convoluted, explanation:
https://www.quora.com/What-is-the-difference-between-pink-an...“Pink and magenta have the same hue. What distinction there is to be found between magenta and pink lies along other axes than that of hue [i.e. saturation and value]. All pinks are magenta and all magentas are purple, and by extension, pink is a purple. However, it does not work the other direction: it does not mean that all purples are magenta nor that all magentas are pink, let alone that all purples are pink.”
(Visit the link for a more detailed picture of the differences)