PDD Holdings posts 2x growth in 2023 revenue, operating profit

PDD Holdings posts 2x growth in 2023 revenue, operating profit

Tech in Asia·2024-03-20 20:00

Here are three key takeaways from the fourth quarter 2023 results of Chinese ecommerce platform PDD Holdings:

1. Significant revenue growth:

The total revenue for 2023 was US$35 billion, which was a 90% increase from 2022. For Q4, PDD’s revenue of US$13 billion marked a 123% increase from the year-ago period.

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