PDD Holdings Inc. Powers Through Q1 2026 with Steady Progress in First-Party Brand Business and Hundred Billion Support Program
PDD Holdings Inc., the parent company of China's leading e-commerce platform Pinduoduo, has reported solid results for its first quarter of 2026, marking a significant step forward in its three-year strategy to build another Pinduoduo.
According to the Q1 earnings call transcript, Group revenue reached RMB 106.2 billion, representing an 11% year-over-year increase. This steady growth is attributed to the company's sustained investment in its ecosystem and supply chain, as well as the rollout of innovative models and fresh investments.
The launch of PDD Holdings' first-party brand business marks a major milestone for the company, with an initial cash injection of RMB 15 billion and plans to invest RMB 100 billion over the next three years. This dedicated business unit is focused on accelerating the consolidation of supply chain resources, collaborating closely with global IPs for co-creation, and incubating new brands tailored to various markets and product categories.
Notably, PDD Holdings' Hundred Billion Support Program continues to generate value for merchants and the broader industry, with high levels of investment throughout Q1. The program has seen upgraded iterations of initiatives such as Duoduo Premium Produce, New Quality Supply, and Logistics Support to Remote Regions. Furthermore, the company has launched the 2026 Duoduo Premium Produce program in agriculture, aiming to deepen its support across the entire value chain.
Jiazhen Zhai, Co-Chairman and Co-CEO of PDD Holdings Inc., emphasized the importance of safety, compliance, and social responsibility in driving a deep transformation in business lines, teams, internal processes, and organizational management. The company is committed to creating positive value for users, the industry, and society as a whole.
The strategic focus on long-term value creation through sustained investment in the ecosystem and supply chain is reflected in PDD Holdings' solid Q1 results. With a clear roadmap for growth and a strong commitment to social responsibility, the company is poised for continued success in its second decade.
