PDD Holdings operates e-commerce platforms, including Pinduoduo in China and Temu in international markets, that use social features and group purchasing to connect consumers with manufacturers and suppliers. The model prioritizes low prices, direct sourcing, and interactive shopping experiences through mobile apps for a wide assortment of consumer goods. It primarily serves value-conscious shoppers in China and expanding global markets by streamlining supply chains from factory to buyer.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q2 2025 | 103,985 | — | 30,754 | -4.7% |
| Q3 2025 | 108,276.5 | — | 29,328.2 | 13.1% |
| Q4 2025 | 123,912.2 | — | 23,019.1 | -17.7% |
| Q1 2026 | 106,229 | — | 12,547 | -20.8% |
| Q2 2026 | 112,358 | 8.1% | 27,182 | -11.6% |
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