Welcome to our dedicated page for Pinduoduo SEC filings (Ticker: PDD), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
PDD Holdings SEC filings document a foreign issuer reporting record for a multinational commerce group listed on Nasdaq under the symbol PDD. The company's Form 6-K reports include earnings releases with unaudited financial results, revenue categories, operating profit, net income attributable to ordinary shareholders, non-GAAP measures, and management discussion of platform investment and competitive conditions.
Other filings cover annual general meeting materials, proxy statements and forms of proxy, auditor appointment disclosures, and share-based compensation plan matters, including the term extension of the 2015 Global Share Plan. These documents record governance, accounting oversight, capital-compensation arrangements, and current-report disclosures for the company.
PDD Holdings Inc. files its 2025 Form 20-F, detailing a fast-growing multinational commerce group built around the Pinduoduo and Temu platforms. Revenue reached RMB431,845.7 million (US$61,753.1 million) in 2025, up from RMB393,836.1 million in 2024 and RMB247,639.2 million in 2023, mainly from third-party merchants in China.
Net income was RMB97,842.5 million in 2025, compared with RMB112,434.5 million in 2024 and RMB60,026.5 million in 2023. The report explains PDD’s Cayman holding structure and heavy reliance on a PRC VIE for China operations, whose revenue contribution fell from 45.7% of total revenue in 2023 to 13.1% in 2025.
PDD highlights significant regulatory and structural risks, including dependence on PRC approvals, complex data, cybersecurity and antitrust regimes, potential changes to the VIE’s enforceability, cash-transfer and dividend restrictions from mainland entities, and past HFCA Act exposure if U.S. audit inspections again become constrained.
PDD Holdings Inc. director Ivonne MCM Rietjens reported an open-market sale of 560 American depositary shares (ADSs) of PDD. The ADSs were sold at an average price of $99.5936 per ADS. Following this transaction, the filing shows Rietjens holding zero ADSs directly. Each PDD ADS represents four Class A ordinary shares.
PDD Holdings Inc. director Kam Anthony Ping Leung sold shares in the company. On March 30, 2026, he completed an open-market sale of 1,533 ADSs at an average price of $99.4287 per ADS, leaving 0 ADSs held directly after the transaction.
Each ADS represents four Class A ordinary shares, so the sale reduced his direct economic interest in PDD common equity to zero.
PDD Holdings reported a proposed sale of 1,533 ADS, each representing four Class A ordinary shares. The ADS were acquired under a company share incentive plan on 03/01/2026 and the sale is being routed through Citigroup Global Markets. The filing date shown is 03/30/2026.
PDD Holdings Inc. submitted a Form 144 notice relating to the potential sale of ADSs, each representing four Class A ordinary shares. The filing lists Citigroup Global Markets as the broker and records an acquisition under the company share incentive plan on 03/01/2026.
The table in the excerpt shows a numeric entry of 560 alongside other numeric fields and a filing/date reference of 03/30/2026; trading venue is listed as NASDAQ. The excerpt provides limited transaction detail beyond these items.
PDD Holdings reported unaudited results showing that in fiscal 2025 total revenues grew 10% to RMB431,845.7 million (US$61,753.1 million), driven by higher online marketing and transaction services, but profitability declined. Operating profit fell 13% to RMB94,624.1 million (US$13,531.1 million) and net income attributable to ordinary shareholders dropped 12% to RMB99,364.5 million (US$14,208.9 million).
For fourth quarter 2025, revenues rose 12% to RMB123,912.2 million (US$17,719.2 million), while net income attributable to ordinary shareholders decreased 11% to RMB24,541.0 million (US$3,509.3 million) as costs of revenues and operating expenses grew faster than sales. Despite lower earnings and operating cash flow, cash, cash equivalents and short-term investments increased to RMB422.3 billion (US$60.4 billion) as of December 31, 2025.
PDD Holdings Inc. disclosed the initial equity holdings of Financial Director Li Jiong, consisting of two grants of restricted share units (RSUs) over American Depositary Shares (ADSs). The RSUs cover 2,130 and 6,963 underlying ADSs, each RSU settling into one ADS. One grant vests in four equal parts on October 1 of 2026, 2027, 2028 and 2029, and the other on March 1 of 2027, 2028, 2029 and 2030, in each case subject to continued service. Each ADS represents four Class A ordinary shares.
PDD Holdings Inc. director Lin Haifeng filed an initial ownership report on a Form 3. The filing shows direct holdings of 17,850 American depositary shares (ADSs) and 19,132 Class A ordinary shares of PDD Holdings. Each ADS represents four Class A ordinary shares, so the ADS position corresponds to a substantially larger underlying ordinary share interest in the company.
PDD Holdings Inc. director Kam Anthony Ping Leung has filed an initial Form 3 reporting his equity interests in the company. The filing lists multiple awards of restricted share units (RSUs) over ADSs with a zero exercise price and separate direct holdings of 1,533 ADSs. Each RSU settles into one ADS, and each ADS represents four Class A ordinary shares. The RSUs are scheduled to vest on various dates from September 1, 2026 through March 1, 2030, in installments tied to continued service.
PDD Holdings Co-CEO Zhao Jiazhen filed an initial ownership report showing multiple option grants over the company’s ADSs. Each option gives the right to receive one ADS at an exercise price of US$0.026, and each ADS represents four Class A ordinary shares.
Some option grants are already exercisable, while others vest in stages from 2026 through 2031, with expiration dates ranging from 2036 to 2044. Zhao also directly holds a small number of ADSs in addition to these option awards.