Operations
As of August 23, 2026
Total Revenue
RMB 106.2B
Divisions
Transaction Services
53.0%
Online Marketing Services and Others
47.0%
Key Earnings Driver: Transaction Services
PDD Holdings’ Transaction Services revenue increased 20% year over year in Q1 2026, making it the primary contributor to revenue growth. Q2 results will show whether Transaction Services revenue growth continued and if supply chain investment is beginning to deliver, following Co-CEO Jiazhen Zhao’s identification of supply chain investment as a core strategic priority.
Key Operating Metrics¹
METRIC
STATUS
Transaction Services
🟢 Scaling
Online Marketing Services
🟡 Stable
Key Operating Metrics¹: Core operating metrics relevant to revenue sourced from official company filings, with status based on reported operating condition.