PDD Holdings Inc ADR

PDD: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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PDD Earnings: Long-Term Growth Remains Resilient Despite Near-Term Weakness; Valuation Intact

Chelsey Tam

May 28, 2025

PDD Holdings, or PDD's, first-quarter EBIT fell 38% year on year mainly due to increased subsidies for electronics and home appliances products at Pinduoduo, heightened promotional activities, and supportive measures for merchants amid intense domestic competition and higher US tariffs.

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PDD Holdings Inc ADR

PDD Earnings: Long-Term Growth Remains Resilient Despite Near-Term Weakness; Valuation Intact

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