PDD Holdings Inc.

The company behind China's Pinduoduo and the global bargain app Temu

What PDD does

PDD Holdings operates Pinduoduo, one of China's largest e-commerce platforms known for group buying and low prices, and Temu, its fast-growing international shopping app that ships inexpensive goods to consumers worldwide. The platforms connect huge numbers of shoppers directly with manufacturers and merchants.

How PDD makes money

PDD earns money mainly from online marketing services (merchants paying for visibility) and transaction fees on its platforms. Its model leans on connecting factories directly to consumers and on scale — enormous order volume at thin margins — with Temu extending that low-price, high-volume playbook to international markets.

Products & services

• Pinduoduo marketplace (China)
• Temu (international shopping app)
• online marketing services
• merchant transaction services