PDD Holdings Inc (PDD)operates an e-commerce platform. It provides an online marketplace for agricultural products. The company also provides Pinduoduo, a mobile platform, which offers a range of priced merchandise. PDD offers a wide range of food and non-food products where the buyer can share information about the products on social networks and invite friends, social contacts and families to purchase the products together. It also provides smart farming, a logistic information platform, consumer insights, a supply chain and other services. The company provides its services to farmers, retailers, consumers, growers and others. PDD is headquartered in Dublin, Ireland.
Headquarters
Ireland
Address
First Floor, 25 St Stephen's Green, Dublin, Shanghai, D02XF99
Website
www.pddholdings.com
Telephone
353 1 5397938
No of Employees
12,992
Industry
Retailing
Ticker Symbol & Exchange
PDD (NASD)
Revenue (2022)
$35.0B
89.7%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
90.3%
(2022 vs 2021)
Market Cap*
$151.1B
Net Profit Margin (2022)
XYZ
0.3%
(2022 vs 2021)
* As of and is in US$
Products and Services
| Products | Services |
|---|---|
| Agriculture Products | E-Commerce Platform |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | New Products/Services | In July, the company launched a cross border e-commerce platform, Temu. |
| 2023 | Corporate Changes/Expansions | In July, Temu extended its global expansion in South Korea. |
| 2023 | Corporate Changes/Expansions | In May, the company relocated its headquarters from Shanghai to Dublin. |
Competitor Comparison
| Key Parameters | PDD Holdings Inc | Golden Eagle Retail Group Ltd | Parkson Retail Group Ltd | Hangzhou Onechance Tech Corp |
|---|---|---|---|---|
| Headquarters | Ireland | China | China | China |
| City | Dublin | Nanjing | Shanghai | Hangzhou |
| State/Province | Shanghai | Jiangsu | Shanghai | Zhejiang |
| No. of Employees | 12,992 | 2,015 | 3,826 | 2,174 |
| Entity Type | Public | Private | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Lei Chen | Chairman; Chief Executive Officer | Executive Board | 2021 | 42 |
| Zhao Jiazhen | Co-Chief Executive Officer; Director | Executive Board | 2023 | - |
| Junyun Xiao | Senior Vice President - Operations | Senior Management | 2016 | 42 |
| Jianchong Zhu | General Counsel | Senior Management | 2020 | 43 |
| Jun Liu | Vice President - Finance | Senior Management | 2022 | 39 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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