1Suppliers
8Customers
3Debt Items
6Related Chains

Source-Backed Evidence Depth

PDD Holdings Inc. (PDD) is shown with relationship data already present in ChainSifter's database. Counts below come from stored supply-chain records and filing/source URLs where available; missing source URLs are not filled in or estimated.

13Total relationships
2Distinct source URLs
5High confidence
0.737Average confidence
2026-10-28Latest database update
ChainSifter does not infer unreported suppliers, customers, ownership, acquisitions, debt exposure, revenue dependency, or future supply-chain events on this public page.

PDD Holdings Inc. Suppliers

TickerNameConfidenceEvidence
NETTF NetEase, Inc. 72% Reciprocal relationship from NETTF graph: d results of operations. (c) Major customers No single customer represented 10 % or more of the Group’s total net revenues for the years ended December 31, 2…

PDD Holdings Inc. Customers

TickerNameConfidenceEvidence
VIE-AND-ITS-SUBSIDIARIES VIE-AND-ITS-SUBSIDIARIES 92% The VIE and its subsidiaries contributed 45.7%, 22.5% and 13.1% of our consolidated total revenues in 2023, 2024 and 2025, respectively.
B-BUSINESS-OVERVIEW-PDD-HOLDINGS B-BUSINESS-OVERVIEW-PDD-HOLDINGS 62% e Cayman Islands is located at the offices of Vistra (Cayman) Limited, P.O. Box 31119 Grand Pavilion, Hibiscus Way, 802 West Bay Road, Grand Cayman, KY1-1205, Cayman Islands. Our agent for service of…
GROUP-THE-GROUP GROUP-THE-GROUP 62% ives provided to the consumers In order to promote its online platforms and attract more registered consumers who are not customers of the Group, the Group at its own discretion provides various form…
HANGZHOU-WEIMI-NETWORK-TECHNOLOGY-CO-LTD HANGZHOU-WEIMI-NETWORK-TECHNOLOGY-CO-LTD 62% cash, cash equivalents and restricted cash in the statements of cash flows 121,779,905 ​ 126,194,421 ​ 182,731,411 ​ 26,130,244 (i) For the year ended December 31, 2025, income taxes paid amounted to…
INVESTMENTS-THE-GROUP INVESTMENTS-THE-GROUP 62% and per share data) 2. Summary of Significant Accounting Policies (Continued) (h) Investments The Group’s short-term and long-term investments included in other non-current assets primarily consist o…
LEASES-THE-GROUP LEASES-THE-GROUP 62% ted by credit evaluations the Group performs on the selected online payment platforms that are highly reputable and market leaders. There has been no default of payments from these online payment pla…
ORGANIZATION-PDD-HOLDINGS-INC ORGANIZATION-PDD-HOLDINGS-INC 62% cash, cash equivalents and restricted cash in the statements of cash flows 121,779,905 ​ 126,194,421 ​ 182,731,411 ​ 26,130,244 (i) For the year ended December 31, 2025, income taxes paid amounted to…
OVERSEAS-PUBLICLY-LISTED-COMPANY OVERSEAS-PUBLICLY-LISTED-COMPANY 62% nt, are prohibited. In addition, the guidelines included concentrations involving companies with VIE structure within the ambit of the SAMR’s merger control review, if certain reporting thresholds ar…

PDD Holdings Inc. Debt Obligations

InstrumentDescriptionConfidenceEvidence
PDD-DEBT-11715 Xbrl Convertible 90% xbrl convertible detail from xbrl 2024-12-31.
PDD-DEBT-11714 Warrants outstanding: 8668000 90% xbrl warrant detail from xbrl 2016-12-31.
PDD-DEBT Debt stack $757.1M 90% Market cache reports total debt of $757.1M.

PDD Holdings Inc. Acquisitions

No acquisitions on recordNo completed or pending acquisitions found in our database for PDD Holdings Inc..

PDD Holdings Inc. Ownership

HolderNameConfidenceEvidence
PDD-OWNER-VANGUARD-CAPITAL-MANAGEMENT-LLC VANGUARD CAPITAL MANAGEMENT LLC 90% 13F overlay lists VANGUARD CAPITAL MANAGEMENT LLC as top holder; 578 tracked holders.

PDD Holdings Inc. Extended Supply Chain Network

TickerNameChain IndexHopsRelationship Types
BABAF Alibaba Group Holding Limited 100.00 2
NETTF NetEase, Inc. 100.00 1 ['supplier']
DAO Youdao, Inc. 50.00 2
MAT Mattel, Inc. 50.00 2
NTES NetEase, Inc. 36.29 1 ['spend']
EBCRY Embracer Group AB 14.78 2
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PDD
Unlock PDD Supply Chain Data
Verified relationships include:
NETTFNetEase, Inc.Supplier72%
VIE-AND-ITS-SUBSIDIARIESVIE-AND-ITS-SUBSIDIARIESCustomer92%
B-BUSINESS-OVERVIEW-PDD-HOLDINGSB-BUSINESS-OVERVIEW-PDD-H…Customer62%
+9 more relationships locked
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