Industry Turnover:

• E-commerce: approx. 70%
• Online advertising: approx. 20%
• Other services: approx. 10%

TOP 3 Markets:

• China: approx. 75%
• USA: approx. 15%
• Southeast Asia: approx. 5%

PDD Holdings Inc., known for its e-commerce platform Pinduoduo, generates the majority of its turnover from the e-commerce sector. This includes the sale of products through their platform, which is characterized by group buying offers.

The Chinese market dominates the turnover distribution, as Pinduoduo is one of the leading platforms in China. The U.S. market has gained importance in recent years, particularly through expansion strategies and partnerships. Southeast Asia represents an emerging market where PDD Holdings is further expanding its presence.

Production Sites: Mainly in China

PDD Holdings Inc., known for its e-commerce platform Pinduoduo, is deeply rooted in China. The company itself does not produce physical products, but provides a platform where manufacturers and retailers can sell their goods directly to consumers.

Most products sold through Pinduoduo come from Chinese manufacturers. China is known for its extensive production capacity and cost-effective manufacturing, making it an ideal location for producing consumer goods offered on the platform.

In addition, PDD Holdings collaborates with a variety of suppliers and logistics partners to optimize supply chain efficiency and deliver products quickly to customers.

Revenue growth: 18% (estimated 2024)
Profit growth: 20% (estimated 2024)

PDD Holdings Inc. pursues a multi-pronged growth strategy based on expanding into international markets, diversifying its product offerings, and investing in technological innovations.

An essential part of the strategy is the exploration of new markets outside of China, particularly in Southeast Asia and Europe, to reduce dependence on the domestic market. This is supported by strategic partnerships and local adaptations of the business model.

Additionally, the company is heavily investing in research and development to further develop its platform with advanced technologies such as Artificial Intelligence and Big Data. These investments aim to enhance the shopping experience and increase supply chain efficiency.

PDD Holdings also focuses on expanding its product portfolio to target new customer segments and strengthen customer loyalty. This includes introducing new product categories as well as deepening existing offerings.

Main imported raw materials/materials: Electronics components, textiles, consumer goods
Main importing countries: China, Vietnam, South Korea

PDD Holdings Inc., known for its e-commerce platform, mainly imports electronics components, textiles, and consumer goods to meet the demand on its platform.

China is the most significant trading partner, as many products come directly from there, especially electronics and textiles. Vietnam and South Korea are also important partners, especially for specific electronics components and consumer goods produced in the region.

These import structures enable PDD Holdings to offer a wide range of cost-effective products, which is a crucial part of their business model.

Market share in China: 13% (estimated for 2024)
Revenue growth: 20% (estimated for 2024)
Gross margin: 75% (estimated for 2024)

PDD Holdings Inc., known for its platform Pinduoduo, has established itself as one of the leading e-commerce providers in China in recent years. The company's competitive advantage is based on its unique social commerce strategy, which offers group discounts and interactive shopping experiences. This strategy has enabled Pinduoduo to build a strong user base and differentiate itself from traditional e-commerce models.

Another key advantage is the high gross margin of 75%, which indicates efficient operations and a strong negotiating position with suppliers. The company also benefits from a strong presence in rural China, a market segment that is often neglected by other major e-commerce companies.

Despite these advantages, PDD Holdings faces intense competition from other major players such as Alibaba and JD.com. To maintain its competitive edge, the company continuously invests in technology and logistics to enhance the customer experience and reduce delivery times.

Institutional investor share: 75% (estimated, 2025)

Insider purchases/sales: No significant transactions reported (2025)

The institutional investor share in PDD Holdings Inc. is estimated to be 75%. This indicates a strong confidence from institutional investors in the company, which often suggests a positive outlook on future business development.

No significant insider purchases or sales were reported in 2025. This could indicate that the management is satisfied with the current valuation of the company and does not expect immediate changes in the corporate strategy.

Market share of PDD Holdings Inc.: Estimate 12% (2025)

Top competitors and their market shares:

1. Alibaba Group Holding Limited: 25%
2. JD.com, Inc.: 20%
3. PDD Holdings Inc.: 12%
4. Meituan: 10%
5. Vipshop Holdings Limited: 8%
6. Suning.com: 5%
7. Amazon China: 3%

PDD Holdings Inc. has secured a significant market share of around 12% in recent years. This is mainly due to their innovative platform strategy and focus on social e-commerce models that promote strong customer loyalty.

The moat of PDD Holdings lies in their unique social commerce strategy, which enables them to gain a broad user base through group discounts and viral marketing techniques. However, compared to larger competitors like Alibaba and JD.com, which have extensive logistics networks and a strong brand presence, the moat of PDD Holdings is less pronounced.

Alibaba and JD.com have a significant advantage through their comprehensive ecosystems and technological innovations. These companies heavily invest in logistics, cloud services, and AI, giving them a more robust and broader moat. PDD Holdings must continue to invest in technology and logistics to strengthen their competitive advantage and reduce the gap with the leading companies.

Revenue growth: 20% (2024) Net profit margin: 15% (2024) Market share in China: 25% (2024)

PDD Holdings Inc. achieved an impressive revenue growth of 20% in 2024, attributed to strong expansion and increasing acceptance of its platform. The net profit margin of 15% indicates that the company operates efficiently and is able to control its costs well.

The company has increased its market share in China to 25%, making it one of the leading players in the e-commerce sector. This positioning allows PDD Holdings to benefit from the growing demand for online shopping in China.

Furthermore, the company is heavily investing in technology and logistics to optimize its supply chains and enhance the customer experience. These strategic investments could lead to further efficiency improvements and a stronger market position in the long run.

Overall, the strong financial performance and strategic direction suggest that PDD Holdings Inc. could be an attractive investment opportunity for investors interested in engaging in the Chinese e-commerce market.

Dividend: No payout (as of 2023)

PDD Holdings Inc., the company behind the platform Pinduoduo, has not distributed any dividends to its shareholders so far. The company has focused on reinvesting its profits in the growth and expansion of its platform.

The reliability of a future dividend payment is difficult to estimate, as the company has not followed a dividend policy so far. Therefore, investors should focus more on the potential for capital growth rather than dividend yields.