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PDD Holdings Inc (PDD) Stock News
The latest PDD headlines and market coverage — 4 recent stories, updated throughout the day.
- Benzinga·
PDD's Supply Chain Push Is Starting To Look More Amazon-Like
PDD Holdings Inc. (NASDAQ: PDD ) is starting to sound a lot less like a traditional e-commerce marketplace — and a lot more like a company chasing Amazon.com, Inc. (NASDAQ: AMZN ) -style operational control. During its latest earnings call , executives repeatedly discussed fulfillment, warehousing, product development, quality control and first-party brands as the company ramps up investments across China's manufacturing ecosystem. The messaging marked a notable shift for the Temu parent, which built its reputation around low-cost marketplace commerce but is now increasingly emphasizing deeper supply-chain ownership and vertically integrated operations. PDD Expands Beyond Marketplace Commerce One of the clearest signals came when PDD Co-CEO Jiazhen Zhao outlined what the company believes modern brand-building actually requires. "First brand building involves a range of capabilities from product design, standard setting, manufacturing to quality control, warehousing and fulfillment, even compliance, customer service and so on," Zhao said during the earnings call. That list reads far closer to Amazon's retail and logistics playbook than a traditional third-party marketplace model. Historically, ... Full story available on Benzinga.com
- Benzinga·
PDD Wants To Build 'Another Pinduoduo' — This Time By Reinventing China's Supply Chain
PDD Holdings Inc. (NASDAQ: PDD ) believes its next growth chapter may not come from selling more products online — but from reshaping how those products are made in the first place. During the company's first-quarter earnings call , PDD executives repeatedly framed 2026 as the beginning of a new era for the company, one centered around supply-chain control, first-party brands and deeper industrial transformation. "Our objective is to build another Pinduoduo in the next t hree years and to drive the transformation of the supply chain as a whole," PDD Co-CEO Lei Chen said during the call. The language stood out because it suggested management increasingly views the company's current marketplace model as maturing. Instead of relying solely on traffic growth and discount-driven commerce, PDD now appears focused on building a second act tied directly to manufacturing, logistics and branding infrastructure. PDD Calls 2026 A "New Starting Point" Executives also described 2026 as a reset year for the company itself. "2026 marks the new starting point for PDD's next decade," Chen said, adding that the company has "taken decisive steps ... Full story available on Benzinga.com
- Benzinga·
Temu Parent PDD Warns Of Heavy Spending Push, Stock Tanks
PDD Holdings Inc. (NASDAQ: PDD ) stock slid Wednesday after the Temu parent reported mixed fiscal first-quarter 2026 results, as slowing Chinese consumer demand and rising investment spending weighed on profitability. Revenue Growth Slows As Profit Declines Revenue rose 11% year over year to $15.4 billion, or 106.2 billion Chinese yuan. The revenue from online marketing services and other businesses increased 2.5% to $7.24 billion, while transaction services revenue climbed 19.9% to $8.16 billion. Total cost of revenue increased 15% to $6.8 billion, driven by higher fulfillment fees, server and bandwidth costs, and payment processing expenses. Operating expenses rose 2.9% to $5.77 billion. Adjusted operating profit grew 15% year over year to $3.1 billion. Adjusted operating margin improved to 19.85% from 19.09% a year earlier. However, net income fell 15% to $1.8 billion, while adjusted net income declined 17% to $2 billion. Adjusted earnings per ADS came in at 9.51 yuan, down from 11.41 yuan a year earlier ... Full story available on Benzinga.com
- Benzinga·
PDD Holdings Announces First Quarter 2026 Unaudited Financial Results
DUBLIN and SHANGHAI, May 27, 2026 (GLOBE NEWSWIRE) -- PDD Holdings Inc. ("PDD Holdings" or the "Company") (NASDAQ: PDD ), today announced its unaudited financial results for the first quarter ended March 31, 2026. First Quarter 2026 Highlights Total revenues in the quarter were RMB106.2 billion (US$ 1 15.4 billion), an increase of 11% from RMB95.7 billion in the same quarter of 2025. Operating profit in the quarter was RMB19.6 billion (US$2.8 billion), an increase of 22% from RMB16.1 billion in the same quarter of 2025. Non-GAAP 2 operating profit in the quarter was RMB21.1 billion (US$3.1 billion), an increase of 15% from RMB18.3 billion in the same quarter of 2025. Net income attributable to ordinary shareholders in the quarter was RMB12.5 billion (US$1.8 billion), a decrease of 15% from RMB14.7 billion in the same quarter of 2025. Non-GAAP net income attributable to ordinary shareholders in the quarter was RMB14.1 billion (US$2.0 billion), a decrease of 17% from RMB16.9 billion in the same quarter of 2025. "This quarter marks the start of deep transformations in our business, our internal processes and our organization," said Mr. Lei Chen, Co-Chairman and Co-Chief Executive Officer of PDD Holdings. "We are actively stepping up to our responsibilities as a platform enterprise to create greater value for our users, the industries and the society as a whole." "As we head into the next decade of our journey, supply chain investments will be our core strategic priority," said Mr. Jiazhen Zhao, Co-Chairman and Co-Chief Executive Officer of PDD Holdings. "We will commit significant resources to building the first-party brand business, unlocking new opportunities for our supply chain partners, and driving exceptional value for our customers." "We are investing resolutely in our supply chain capabilities," said Ms. Jun Liu, VP of Finance of PDD Holdings. "These investments