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PDD · Shops & e-commerce · China

PDD Holdings

Owns Temu and Pinduoduo, cheap online shopping apps.

Company Health

96
/100
Very healthy
A quick check of the business from its yearly reports (2022–2025). It doesn’t say whether the stock is a good buy.
Does it make money?
23 of 25 · Good
CN¥23 of every CN¥100 in sales was left as profit last year.
Is it growing?
25 of 25 · Good
Sales grew about 49% a year over the last 3 years.
Can it handle what it owes?
24 of 25 · Good
It would take about 1 year of the cash its business brings in to pay off everything it owes.

Who owns it

1 of 23 own it · 1 bought more lately
bought lately
owns it
doesn’t own it
Didn’t report owning it: Whale Rock, Appaloosa, Melqart, Coatue, D1 Capital, Light Street, Lone Pine, Third Point, TCI, Pershing Square, Duquesne, Greenlight, Giverny Capital, Fundsmith, Semper Augustus, Akre
Their letters don’t mention it: Arquitos, Laughing Water, Alluvial, Bireme, Kingdom Capital, Saga Partners
From each fund’s latest 13F report (Jun 30, 2026). Funds that don’t file one: from their own letters.

The numbers

From PDD Holdings’ yearly reports, in Chinese yuan. Tap a year to see its figures.

Sales and profit

Sales grew from CN¥59.5 billion in 2020 to CN¥432 billion in 2025, and it made a profit in 5 of the 6 years.
2025
Sales
CN¥432 billion
Profit
CN¥97.8 billion

Spare cash each year

It had CN¥28.2 billion in cash to spare in 2020.
2025
Not reported
Spare cash is the cash its business brought in, minus what it spent on buildings and equipment. Some years don’t say what it spent, so those bars may be a little high.

What it owns and what it owes

At the end of 2025 it owned CN¥630 billion, including CN¥109 billion in cash, and owed CN¥217 billion.

Key facts

From its yearly report for 2025.
Sales
CN¥432 billion
Profit
CN¥97.8 billion
Cash in the bank
CN¥109 billion
Everything it owes
CN¥217 billion
Year ends
December
Money shown in
Chinese yuan
Latest yearly report
20-F, filed Apr 29, 2026
Figures from PDD Holdings’ yearly reports to the SEC (EDGAR), collected Oct 12, 2026.
Not investment advice. Holdings come from public SEC reports and the funds’ own letters, and can be up to 4½ months old. How this works
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