Welcome to our dedicated page for PDD Holdings news (Ticker: PDD), a resource for investors and traders seeking the latest updates and insights on PDD Holdings stock.
PDD Holdings reports recurring developments for a multinational commerce group that owns and operates digital commerce businesses, including marketplace and platform activities serving merchants and consumers. Company updates center on unaudited quarterly and annual results, revenue from online marketing services and transaction services, operating profit, net income attributable to ordinary shareholders, and non-GAAP performance measures.
Recurring news themes also include merchant support initiatives, investment in the platform ecosystem, supply chain investment, competitive conditions in commerce, and management commentary on long-term development across the company's digital economy businesses.
PDD Holdings (NASDAQ: PDD) has announced it will release its unaudited financial results for Q1 2025 before U.S. markets open on Tuesday, May 27, 2025. The company will host an earnings conference call at 7:30 AM ET (12:30 PM IST and 7:30 PM HKT) on the same day. Investors can access the live webcast and subsequent replay through the company's investor relations website at https://investor.pddholdings.com/investor-events.
PDD Holdings (NASDAQ: PDD) has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission on April 28, 2025.
The annual report is now accessible through two main channels:
- The company's investor relations website at https://investor.pddholdings.com/
- The SEC's website at https://www.sec.gov/
Shareholders can request a free hard copy of the annual report, which includes audited consolidated financial statements, by contacting the company's Investor Relations Department at investor@pddholdings.com.
PDD Holdings (NASDAQ: PDD) has reported strong financial results for Q4 and fiscal year 2024. In Q4, total revenues increased 24% year-over-year to RMB110.6 billion (US$15.2 billion), while operating profit rose 14% to RMB25.6 billion (US$3.5 billion).
Key Q4 metrics include:
- Net income grew 18% to RMB27.4 billion (US$3.8 billion)
- Online marketing services revenue up 17% to RMB57.0 billion
- Transaction services revenue increased 33% to RMB53.6 billion
For full-year 2024, PDD achieved:
- Total revenues of RMB393.8 billion (US$54.0 billion), up 59%
- Operating profit of RMB108.4 billion (US$14.9 billion), up 85%
- Net income of RMB112.4 billion (US$15.4 billion), up 87%
PDD Holdings (NASDAQ: PDD) has announced it will release its unaudited financial results for Q4 and fiscal year 2024 on March 20, 2025, before U.S. markets open. The company will host an earnings conference call at 7:30 AM ET (11:30 AM GMT and 7:30 PM HKT) on the same day. Investors can access the live webcast and replay through the company's investor relations website.
Bioptimus has secured a total funding of $76 million, including a recent $41 million investment led by Cathay Innovation. The company, which successfully launched the world's largest AI foundation model for pathology (H-Optimus-0) in July, is preparing to release a breakthrough multi-scale, multi-modal foundation model for biology in 2025.
The H-Optimus-0 model has demonstrated superior performance in independent benchmarks, including evaluations by Harvard Medical School's HEST program and the University of Leeds, particularly in predicting gene expression from morphology and subtyping ovarian cancer.
The company aims to break down traditional research silos by integrating data across multiple scales (molecules, cells, tissues, organisms) and modalities (imaging, genetics, etc.). The funding will support platform enhancement, strategic partnerships with pharmaceutical and biotech companies, and dataset expansion.
Range, an AI WealthTech platform, secured $28 million in Series B funding led by Cathay Innovation, bringing total funding to $40 million. The company's AI engine, Rai, delivers wealth management advice 10-20x faster while saving members 75-90% in fees compared to traditional advisors. Since its 2021 founding, Range has attracted over 1,000 high-net-worth members and manages nearly $3 billion in assets. The platform is experiencing 20% month-over-month membership growth and operates on a transparent flat-fee model, integrating investment services, tax planning, estate planning, retirement planning, and insurance needs.
PDD Holdings reported strong Q3 2024 financial results with total revenues reaching RMB99,354.4 million (US$14,157.9 million), up 44% year-over-year. The company's operating profit increased 46% to RMB24,292.5 million, while net income grew 61% to RMB24,980.7 million. Revenue growth was primarily driven by increases in online marketing services and transaction services. Despite intensified competition and external challenges, PDD continued to invest in its platform ecosystem through merchant support policies and trust and safety updates.
PDD Holdings (NASDAQ: PDD) has announced it will release its unaudited financial results for the third quarter ended September 30, 2024, before U.S. markets open on Thursday, November 21, 2024. The company will host an earnings conference call at 7:30 AM ET (12:30 PM IST and 8:30 PM HKT) on the same day. A live webcast will be available at the company's investor relations website, with a replay option available after the call.
PDD Holdings announced its unaudited financial results for Q2 2024, ending June 30, 2024. Total revenues were RMB97.1 billion (US$13.4 billion), up 86% from Q2 2023, driven by rises in online marketing and transaction services revenues. Operating profit increased by 156% to RMB32.6 billion (US$4.5 billion), with non-GAAP operating profit at RMB35.0 billion (US$4.8 billion), a 139% increase.
Net income attributable to shareholders was RMB32.0 billion (US$4.4 billion), a 144% increase year-over-year. Non-GAAP net income reached RMB34.4 billion (US$4.7 billion), up 125%. Basic earnings per American depositary share (ADS) were RMB23.14 (US$3.18), and diluted earnings per ADS were RMB21.61 (US$2.97).
Cash flows from operations were RMB43.8 billion (US$6.0 billion), a significant rise from RMB23.4 billion in Q2 2023. Company executives highlighted ongoing investments in high-quality development, trust, and safety despite potential short-term profitability declines due to increasing competition and economic challenges.