PDD Holdings Inc. Unveils Robust Growth in Q4 2025: A Strategic Leap Towards High-Quality Brand-Oriented Development
PDD Holdings Inc., a leading e-commerce company, has unveiled its robust growth in the fourth quarter of 2025, marking a significant milestone in its strategic journey towards high-quality brand-oriented development.
In a recent conference call, PDD Holdings' leadership team presented an overview of their performance for the past quarter and fiscal year ended December 31, 2025. The company's revenue reached RMB 123.9 billion, growing 12% year-on-year, while full-year revenue reached RMB 431.8 billion, up 10% year-on-year.
However, both quarterly and annual net income decreased year-on-year, reflecting the company's sustained investment on both the supply side and demand side. As communicated in the past, PDD Holdings prioritizes long-term value generation by nurturing its ecosystem rather than short-term financial results.
The company's strategic focus has been to invest deeply in the supply chain and concentrate on high-quality brand-oriented growth, driving the entire supply ecosystem to move up the value chain. This approach has resulted in a stable development of the platform and supply chain ecosystem, with key participants such as agricultural regions and industrial belts becoming core pillars supporting the platform and ecosystem.
PDD Holdings' continued investment under the Hundred Billion Support Program has enabled businesses across all categories to pursue differentiated growth, transitioning from merely supplying products to pursuing quality and brand building. This has greatly improved supply chain efficiency and overall industrial capabilities, while creating room for profit and innovation for agricultural regions and industrial belts.
In the fourth quarter, the company's Duoduo Local Specialties team visited various agricultural regions, implementing customized support through 'one product one plan' solutions. This initiative addressed challenges such as standardization and added value in fresh products, promoting the development of planting standards, premium sales, and deep processing in these areas.
As a result, PDD Holdings has effectively enhanced the added value of agricultural products and left more profits on the production site, further driving the long-term development of specialty industries.
