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Chinese e-commerce company operating Pinduoduo (group-buying marketplace) and Temu, its global discount shopping app.
Chinese e-commerce company operating Pinduoduo (group-buying marketplace) and Temu, its global discount shopping app.
Earns mostly from advertising and commissions paid by merchants for visibility on its marketplaces, who bid for placement. Temu sources goods from Chinese factories and ships them to buyers abroad, and its low-value parcels relied on a US duty exemption that the US ended for Chinese goods in 2025.
In one line: China's Costco-meets-Groupon, plus a global Temu/Shein rival.
Moat: narrow (scale, network effects, distribution). Massive user base and direct-from-factory supply chain enable aggressively low prices.
Headquarters: Dublin, Ireland · Founded: 2015 · Employees: 25,474
Size PDD Holdings Inc. Sponsored ADR (PDD) is a United States Consumer Discretionary company (Department Stores) with a market value of $117B, the 111th largest of 3,117 United States companies the cockpit tracks. Shares closed at $83.03 on 6 Nov 2026.
Performance Over six months the shares fell 15.9%, against +9.4% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 13.5% over the last twelve months (peer median +1.1%); the operating margin is 22.2% (peer median 7.1%).
Valuation It trades at 7.5× forward earnings against a peer median of 15.3× (cheapest of 19).
Short interest Short interest is 2.2% of the free float (15 Oct 2026).
Next results Next results expected around 19 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $64.5B | $60.1B | $54.7B | $35.0B | $19.4B |
| Revenue growth | — | +10% | +57% | +80% | — |
| Gross profit | $36.3B | $33.8B | $33.3B | $22.0B | $14.7B |
| EBITDA | n/a | $13.4B | $15.4B | $8.55B | $4.92B |
| Net income | $13.4B | $13.6B | $15.6B | $8.47B | $4.68B |
| Free cash flow | n/a | $16.5B | $19.8B | $15.2B | $7.11B |
| Capital expenditure | n/a | $159M | $134M | $82.4M | $94.4M |
| Total debt | $714M | $770M | $1.45B | $1.43B | $2.44B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| PDD Holdings Inc. Sponsored ADR PDD | $117B | -16% | +14% | 22% | 7.5× | n/a |
| Alibaba Group Holding Limited Sponsored ADR BABA | $255B | -22% | +8% | 4% | 14.2× | n/a |
| JD.com, Inc. Sponsored ADR JD | $32.7B | -3% | +7% | 0% | 8.1× | 8.1% |
| Amazon AMZN | $2.80T | -5% | +15% | 13% | 26.3× | n/a |
| Kuaishou-w 1024.HK | $16.0B | -39% | +11% | 11% | 14.9× | -4.4% |
| Vipshop Holdings Ltd Sponsored ADR VIPS | $6.55B | -4% | +2% | 7% | 5.4× | -20.3% |
| Sea Limited Sponsored ADR SE | $49.1B | -13% | +43% | 8% | 18.0× | 11.7% |
| MercadoLibre MELI | $76.6B | -8% | +46% | 8% | 32.0× | 11.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PDD | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.1% | +1.4% | 7th highest of 21 |
| 6-month return | -15.9% | +9.4% | 6th lowest of 21 |
| Distance from 52-week high | -40.3% | -19.0% | 7th lowest of 21 |
| Revenue growth (TTM) | +13.5% | +1.1% | 5th highest of 21 |
| Operating margin | 22.2% | 7.1% | 2nd highest of 21 |
| Forward P/E | 7.5× | 15.3× | cheapest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| PDD Holdings Inc. Sponsored ADR PDD | United States | $117B | -16% | +14% | 22% | 7.5× | n/a | n/a |
| Dollarama DOL.TO | Canada | $41.3B | +23% | +18% | 23% | 40.3× | 6.6% | +12.5% |
| Marks and Spencer MKS.L | United Kingdom | $12.1B | +40% | +21% | 5% | 13.1× | 6.5% | +13.6% |
| Dillard's DDS | United States | $9.41B | +7% | 0% | 11% | 17.4× | 1.6% | +8.2% |
| Canadian Tire CTC-A.TO | Canada | $7.57B | +7% | +1% | 9% | 14.1× | 1.9% | +1.9% |
| Isetan Mitsukoshi 3099.T | Japan | $7.16B | +14% | 0% | 15% | 17.5× | 7.4% | -7.7% |
| Tokyu 9005.T | Japan | $6.14B | -3% | +5% | 9% | 10.0× | n/a | n/a |
| Macy's M | United States | $6.03B | +18% | 0% | 4% | 10.8× | -1.1% | +4.6% |
| Ollie's Bargain Outlet OLLI | United States | $5.37B | +10% | +14% | 12% | 19.8× | 1.5% | +7.9% |
| J Front Retailing 3086.T | Japan | $4.46B | +24% | -3% | 11% | 22.1× | 5.9% | +6.9% |
| Takashimaya 8233.T | Japan | $3.98B | +14% | +2% | 11% | 15.6× | 2.4% | -6.3% |
| Harvey Norman HVN.AX | Australia | $3.84B | +2% | +5% | 18% | 13.8× | 4.7% | +0.8% |
| CCOOP 000564.SZ | China | $3.55B | -23% | +19% | -46% | n/a | n/a | n/a |
| Kohl's KSS | United States | $2.61B | +59% | -3% | 4% | 15.3× | 0.0% | -0.5% |
| Ceconomy CEC.DE | Germany | $2.47B | +9% | +4% | 1% | 7.8× | 2.9% | +2.1% |
| H2O Retailing 8242.T | Japan | $2.10B | +17% | 0% | 5% | 12.3× | -9.7% | -1.6% |
| Beijing United Information Technology 603613.SS | China | $2.05B | -30% | -4% | 5% | n/a | n/a | n/a |
| Easyhome New Retail 000785.SZ | China | $1.97B | -18% | -23% | 3% | 19.3× | 1.0% | +4.4% |
| Seria 2782.T | Japan | $1.91B | +18% | +13% | 9% | 15.2× | -2.1% | +5.0% |
| Lotte Shopping 023530.KS | South Korea | $1.87B | -33% | +1% | 5% | 7.9× | 5.8% | -3.2% |
| Wangfujing 600859.SS | China | $1.65B | -21% | -10% | 5% | 244.5× | -13.6% | -2.4% |