About PDD Holdings and Temu
PDD Holdings, a Chinese conglomerate and parent company of the e-commerce platform Temu, reported a net attributable profit of 45,495 million yuan (approximately $6.339 billion) for the first half of 2025. This represents a 24.2% decrease compared to the same period in the previous year.
Revenue and Segment Performance
The company’s total revenue reached 199,657 million yuan (approximately $27.821 billion), marking an 8.6% increase. The marketing services unit generated 104,425 million yuan (approximately $14.551 billion), a 14% increase, while the transactions unit saw a 3.2% rise to 95,232 million yuan (approximately $13.270 billion).
Expenses and Second Quarter Performance
PDD Holdings’ total expenses amounted to 157,779 million yuan (approximately $21.985 billion), a 25.9% increase. In the second quarter, the company reported profits of 30,753 million yuan (approximately $4.285 billion) and revenue of 103,985 million yuan (approximately $14.490 billion). These figures represent a 3.9% decrease in profits and a 7.1% increase in revenue compared to the same quarter in the previous year.
Executive Comments
Jiazhen Zhao, CEO and co-acting chairman of PDD Holdings, stated, “In the second quarter, we invested significant resources in implementing a comprehensive set of support measures for merchants.”
Jun Liu, the vice president of finance at PDD Holdings, added, “Revenue growth further moderated this quarter amidst intense competition. As we remain focused on long-term value creation, ongoing investments may continue to impact short-term profitability.”
Key Questions and Answers
- What is PDD Holdings? PDD Holdings is a Chinese conglomerate and parent company of the e-commerce platform Temu.
- What were PDD Holdings’ profits and revenue for the first half of 2025? PDD Holdings reported a net attributable profit of 45,495 million yuan (approximately $6.339 billion) and total revenue of 199,657 million yuan (approximately $27.821 billion) for the first half of 2025.
- Why did PDD Holdings’ profits decrease by 24% in the first half of 2025? The company’s profits decreased due to significant investments in support measures for merchants and intense competition.
- What were PDD Holdings’ second quarter profits and revenue? PDD Holdings reported profits of 30,753 million yuan (approximately $4.285 billion) and revenue of 103,985 million yuan (approximately $14.490 billion) in the second quarter of 2025.
- How did PDD Holdings’ revenue and profits compare to the same quarter in 2024? PDD Holdings’ second-quarter revenue increased by 7.1%, while profits decreased by 3.9% compared to the same quarter in 2024.
