Is PDD the Silent Giant That Could Crush Alibaba? Here’s What the Data Says!

PDD Holdings, Inc. presented its financial results for the fourth quarter and full fiscal year of 2024, showcasing a strategy focused on high-quality development and ecosystem advancement. The company reported stable financial performance in the last quarter, closing with a revenue increase to RMB 110.6 billion, a 24% year-over year gain. For the entire year, revenues climbed 59% to a total of RMB 393.8 billion, marking a moderation from previous growth rates. This performance is rooted in PDD’s efforts to solidify its platform and supply chain ecosystem through several initiatives, notably a CNY 10 billion fee reduction program, high-quality merchant support, and logistics enhancements for remote areas.