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PDD Holdings: brands it owns and its ownership tree

PDD Holdings (NASDAQ: PDD) is a publicly listed company headquartered in Dublin, Ireland that owns 3 consumer brands.[1][2]

PDD Holdings is a Cayman Islands holding company, incorporated in April 2015, whose annual report gives its principal executive offices as Dublin, Ireland, and whose shares trade on Nasdaq as American depositary shares. It runs two online platforms, Pinduoduo in China and Temu elsewhere, which it says share the same value propositions and operating model and both primarily serve merchants in China. Revenue was RMB431.8 billion in 2025. Because Chinese rules restrict foreign investment in e-commerce services, the company says it does not directly own the Pinduoduo platform and has only contractual control over it, through a variable interest entity.

Company facts

Legal name
PDD Holdings Inc. (also Pinduoduo Inc., PDD)
Type
publicly listed company · see all publicly listed company owners
Headquarters
🇮🇪 Dublin, Ireland
Founded
2015
Tickers
NASDAQ: PDD
Revenue
CN¥431.8 billion (2025)[2]
SEC CIK
0001737806
Website
www.pddholdings.com
Last verified
· 2 sources

PDD Holdings in numbers

PDD Holdings financial history

Headline figures from PDD Holdings's annual reports filed with the US Securities and Exchange Commission, in CNY as reported, fiscal years ending 2020–2025. Revenue moved from CN¥59.5bn to CN¥431.8bn, an average of 48.7% a year (calculated).

Fiscal year endedRevenueOperating incomeOperating marginNet incomeTotal assetsLong-term debtFiling
CN¥431.8bn CN¥93.1bn 21.6% CN¥97.8bn CN¥630bn — 20-F
CN¥393.8bn CN¥108.4bn 27.5% CN¥112.4bn CN¥505bn — 20-F
CN¥247.6bn CN¥58.7bn 23.7% CN¥60bn CN¥348.1bn — 20-F
CN¥130.6bn CN¥30.4bn 23.3% CN¥31.5bn CN¥237.1bn — 20-F
CN¥93.9bn CN¥6.9bn 7.3% CN¥7.77bn CN¥181.2bn — 20-F
CN¥59.5bn CN¥-9,380,325,000 -15.8% CN¥-7,179,742,000 CN¥158.9bn — 20-F

Source: SEC XBRL company facts. A dash means the company did not report that line in a form we could read. Figures for a year can be restated in a later filing; the latest filing's number is shown.

Everything PDD Holdings owns

Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.

Everything PDD Holdings owns Tree of 3 brands under PDD Holdings. PDD Holdings Duo Duo Grocery Pinduoduo Temu

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Brand portfolio by category

Internet & digital (3)

Full portfolio, 3 brands, with sources →

Recent changes to this record

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PDD Holdings SEC filings

The documents behind the figures on this page, as listed in the SEC's EDGAR index. Each links to the filing itself.

Annual reports

Recent current and quarterly reports

FiledFormWhat it declares
6-KReport of a foreign private issuer
6-KReport of a foreign private issuer
6-KReport of a foreign private issuer
6-KReport of a foreign private issuer
6-KReport of a foreign private issuer
6-KReport of a foreign private issuer
6-KReport of a foreign private issuer
6-KReport of a foreign private issuer

Frequently asked questions

What brands does PDD Holdings own?

PDD Holdings owns 3 consumer brands tracked here, including Pinduoduo, Temu and Duo Duo Grocery.

Is PDD Holdings an Irish company?

Yes. PDD Holdings is headquartered in Dublin, Ireland and was founded in 2015.

Who owns PDD Holdings?

PDD Holdings is a publicly listed company owned by its shareholders; it trades as PDD on the NASDAQ.

Sources (2) & corrections

Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.

  1. [1] PDD Holdings Inc. Annual Report on Form 20-F filed 2026-04-29 — SEC EDGAR, SEC Form 20-F, published 29 April 2026; retrieved 3 October 2026.
  2. [2] PDD Holdings Inc.: Form 20-F for the year ended 2025-12-31 (revenue) — SEC EDGAR, SEC Form 20-F, published 29 April 2026; retrieved 4 October 2026.

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