PDD Holdings (PDD)
Technology · Chinese digital platforms and marketplaces
A profitable, high-margin Chinese tech platform company with a $117B valuation trading at a 8.3x P/E multiple despite modest growth headwinds.
What PDD Holdings does
PDD Holdings is a leading Chinese technology company operating digital marketplace and platform services. The company generates significant profitability with a net margin of 21.62% and reported revenue growth of 9.86% year-over-year. PDD serves as a major platform operator in the Chinese tech ecosystem with a substantial market capitalization of approximately $117.5 billion.
Themes: ["China technology","e-commerce","digital advertising","social commerce","high-margin software"]
Fundamentals
- Price$85.88 as of 2026-07-09 close
- Market cap$120.6B as of 2026-07-10
- 1-year return-18.2% as of 2026-07-09 close
- P/E8.57 as of 2026-07-10
- Net margin+21.6% as of 2026-07-10
- Gross margin+56.0% as of 2026-07-10
- ROE+24.1% as of 2026-07-10
- Debt / equity0.00 as of 2026-07-10
- Revenue growth (YoY)+9.9% as of 2026-07-10
- Beta0.03 as of 2026-07-10
Key risks (from latest filing)
["Chinese regulatory environment and government policy changes affecting tech platforms","Recent stock price decline of -21.59% over 1 year indicating market sentiment challenges","Slowing revenue growth at 9.86% YoY suggests maturing market penetration and competitive pressures"]
Competitors & peers
- Alibaba Group
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.