PDD stock: About, what they Do, Stock Price, Founders, CEO, CFO, Revenue, Founded, President, Analyst Forecast, what’s New, Updates And Everything To Know
Overview
PDD Holdings Inc., formerly known as Pinduoduo Inc., is a multinational commerce group that operates a portfolio of businesses, including the popular e-commerce platforms Pinduoduo and Temu. The company focuses on integrating businesses and consumers into the digital economy, offering a wide range of products from agricultural produce to electronic appliances.
Recent Performance
As of August 23, 2024, PDD’s stock closed at $139.87, reflecting a 4.97% drop from the previous day1. Despite this recent dip, the stock has shown significant growth over the past few years, driven by its innovative business model and also rapid expansion in both domestic and international markets2.
Financial Highlights
- Market Cap: $194.247 billion
- PE Ratio (TTM): 18.28
- Also EPS (TTM): 7.65
- 52-Week Range: $79.00 – $164.69
- Average Volume: 7,250,4451
Stock Price
As of August 23, 2024, PDD’s stock closed at $139.87, reflecting a 4.97% drop from the previous day1. Despite this recent dip, the stock has shown significant growth over the past few years.
Founders
PDD Holdings was founded by Colin Huang, a Chinese entrepreneur and software engineer. Huang has a background in computer science and has previously worked at Google3.
CEO
The current Co-CEOs of PDD Holdings are Lei Chen and Jiazhen Zhao. Lei Chen has been with the company since its inception and has held various leadership roles, also including Chief Technology Officer4. Jiazhen Zhao was appointed as Co-CEO in April 20235.
CFO
Jun Liu serves as the Vice President of Finance at PDD Holdings. She has been with the company since 2017 and has held various roles in the finance department4.
Revenue
For the fiscal year 2023, PDD Holdings reported a revenue of $34.981 billion6. The company has also been growing at an impressive rate, with its annual revenue increasing at a compound annual growth rate (CAGR) of 78% from 2018 to 20222.
Founded
PDD Holdings was founded in 2015 and is headquartered in Dublin, Ireland6.
President
The company does not currently have a designated President. The leadership is primarily managed by the Co-CEOs and other senior executives.
Growth Potential
PDD has been growing at an impressive rate, with its annual revenue increasing at a compound annual growth rate (CAGR) of 78% from 2018 to 20222. Analysts expect this trend to continue, projecting an 81% surge in revenue for 20232. The company’s unique approach to e-commerce, which also includes leveraging social media for bulk discounts and focusing on agricultural products, has helped it carve out a niche in the competitive Chinese market2.
Challenges and Opportunities
While PDD’s growth has been remarkable, it faces several challenges, including regulatory scrutiny and intense competition from other e-commerce giants like Alibaba. However, its innovative business strategies and expansion into new markets present significant opportunities for future growth2.
