PDD Holdings
E-commerce marketplaces (Pinduoduo, Temu) · Ireland
PDD runs Pinduoduo in China and Temu abroad, two shopping platforms where third-party merchants sell and pay PDD for marketing and completed sales.
What makes it different
Pinduoduo sells in China; Temu sells to the rest of the world.
Both apps connect shoppers straight to manufacturers, cutting out layers of distributors.
How big it is
How big is PDD Holdings?
25,474EmployeesFY2025
RMB431.8BRevenueFY2025
How it makes money FY2025
Half marketing fees, half sales fees.
- Online marketing and others50%RMB217.8B
- Transaction services50%RMB214.1B
How the business works
Take fees from merchants, worldwide.
- 1Merchants and shoppers
- 2Marketing and sales fees
- 3Temu beyond China
One merchant-fee model runs both Pinduoduo at home and Temu abroad.
Who owns it
- Entities affiliated with Zheng Huang24.8%
- Entities affiliated with Tencent13.8%
- Entities affiliated with PDD Partnership6.5%
CEO: Lei Chen and Jiazhen Zhao
Who it competes with
AmazonKey moments
- 2015Commercial operations begin
- 2018ADSs start trading on Nasdaq
- 2022Temu launches in North America
- 2023Renamed PDD Holdings Inc.
- 2023Temu enters Europe
Sources
Every number on this page comes from PDD Holdings's own reports.
Full profile
The rest of the story is in the app.
What PDD Holdings tracks7 metrics
Employees
Product development staff
Results, quarter by quarterwith a chart
Revenue
Profit
Margin
The full timeline15 moments
2022
2023
2025
PDD Holdings vs Amazonside by side
Revenue
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People
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