| 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… |
| CAYMAN-LIMITED |
CAYMAN-LIMITED |
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… |
| PASSIVE-FOREIGN-INVESTMENT-COMPANY |
PASSIVE-FOREIGN-INVESTMENT-COMPANY |
62%
|
ticle 34 of the DSA. Such a decision could entail fines of up to 6% of the total worldwide annual turnover of the provider and an order requiring the provider to take measures to address the breach. … |
| PDD-HOLDINGS |
PDD-HOLDINGS |
62%
|
in the future if the PCAOB is unable to inspect or investigate completely auditors located in the Chinese mainland or Hong Kong. The delisting of the ADSs, or the threat of their being delisted, may … |
| PRC-THE-GROUP |
PRC-THE-GROUP |
62%
|
1,802,827 312,856 2,115,683 Balances as of December 31, 2025 (US$) 257,801 44,738 302,539 The income tax effects related to the accumulated other comprehensive income were insignificant for all per… |
| SHANGHAI-FUFEITONG-PAYMENT-SERVICE-CO-LTD |
SHANGHAI-FUFEITONG-PAYMENT-SERVICE-CO-LTD |
62%
|
and adversely affect our results of operations. Our platforms and internal systems rely on software that is highly technical and complex. In addition, our platforms and internal systems depend on the… |
| SHANGHAI-INFORMATION-TECHNOLOGY-CO-LTD |
SHANGHAI-INFORMATION-TECHNOLOGY-CO-LTD |
62%
|
1,802,827 312,856 2,115,683 Balances as of December 31, 2025 (US$) 257,801 44,738 302,539 The income tax effects related to the accumulated other comprehensive income were insignificant for all per… |
| SHANGHAI-XUNMENG-INFORMATION-TECHNOLOGY-CO-LTD |
SHANGHAI-XUNMENG-INFORMATION-TECHNOLOGY-CO-LTD |
62%
|
1,802,827 312,856 2,115,683 Balances as of December 31, 2025 (US$) 257,801 44,738 302,539 The income tax effects related to the accumulated other comprehensive income were insignificant for all per… |
| THEREFORE-PDD-HOLDINGS-INC |
THEREFORE-PDD-HOLDINGS-INC |
62%
|
and adversely affect our results of operations. Our platforms and internal systems rely on software that is highly technical and complex. In addition, our platforms and internal systems depend on the… |
