PDD Holdings Inc., a multinational commerce group, owns and operates a portfolio of businesses. It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace. It focuses on bringing businesses and people into the digital economy. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. The company was incorporated in 2015 and is based in Dublin, Ireland.

PDD Holdings Inc.

Revenue

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CapEx

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Adjusted Net Income

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Net Income

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TTM Active Buyers

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Total GMV

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Annual Spending per Active Buyer

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Average Monthly Active Users

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Key Performance Indicators

Online Marketing Services & Others Revenue

Online Marketing Services & Others Revenue % Chg.

Online Marketing Services & Others Revenue Common Size

Merchandise Sales Revenue

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Merchandise Sales Revenue Common Size

Total Online Marketing Services & Others

Total Online Marketing Services & Others % Chg.

Total Online Marketing Services & Others Common Size

Transaction Services Revenue

Transaction Services Revenue % Chg.

Transaction Services Revenue Common Size

Total Revenue

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Total Revenue % Chg.

Revenue	Sep '25	Jun '25
Online Marketing Services & Others Revenue	—	—
Merchandise Sales Revenue	—	—
Total Online Marketing Services & Others	53,347.6	55,703.2
Transaction Services Revenue	54,928.9	48,281.6
Total Revenue	108,276.5	103,984.8

Key Performance Indicators	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23	Jun '23	Mar '23	Dec '22	Sep '22	Jun '22	Mar '22	Dec '21	Sep '21
TTM Active Buyers	—	—
Average Monthly Active Users	—	—