PDD Holdings Trading Volume Drops 31.89% But Ranks High in Turnover at 5.55 Billion

On June 10, 2025, PDD Holdings Inc. (PDD) experienced a 31.89% decline in trading volume, with a total turnover of 5.55 billion. Despite this, the stock managed to rise by 0.76%, marking its third consecutive day of gains and a cumulative increase of 3.08% over the past three days.

PDD Holdings is poised to become a significant competitor to Amazon, leveraging the global popularity of its subsidiary Temu. Launched in 2022, Temu has rapidly gained traction as a legitimate e-commerce platform, operating under the same Chinese parent company as Pinduoduo. This growth has positioned PDD Holdings as a potential leader in the global marketplace, challenging Amazon's dominance.

However, PDD Holdings faced challenges in Q2 2025, missing its revenue growth targets. This, coupled with increasing trade tariffs, has put pressure on the company's business model. The company's profits fell by 47% in Q1 2025 due to global and domestic challenges, indicating that its operating model may not be well-equipped to handle current protectionist measures.

Despite these setbacks, PDD Holdings reported a 59% increase in full-year 2024 revenue, showcasing its resilience and growth potential. The company's Q4 2024 earnings per share (EPS) beat expectations at 20.15 RMB, although revenue missed at 110.6 billion RMB. This mixed performance highlights the company's ability to navigate challenges while continuing to expand its market presence.