Who Owns PDD Holdings Inc.?
Updated onExplore the ownership hierarchy of PDD Holdings Inc.. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
PDD Holdings Inc.
PDD Holdings Inc. is a publicly traded multinational commerce group that operates e-commerce platforms including Pinduoduo in China and Temu globally.
PDD Holdings Inc. appears to be independent with no known parent company.
PDD Holdings Inc.
PDD Holdings Inc. is a publicly traded multinational commerce group that operates e-commerce platforms including Pinduoduo in China and Temu globally.
PDD Holdings Inc. appears to be independent with no known parent company.
Major Shareholders
PDD Holdings Inc.
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Zheng Huang (Colin Huang) Founder of PDD Holdings and its largest shareholder; S&P Global / Simply Wall St data show he controls about 445.1 million shares, or roughly 31.4% of the company’s equity, with no Class B shares outstanding so his voting power is broadly proportional to his economic stake. Media profiles and rich lists consistently describe him as a major shareholder. | Founder | 31.4% | 31.4% | Dec 2025 |
Tencent Holdings Limited Chinese technology conglomerate that became a strategic investor in PDD during pre‑IPO funding rounds; Investing.com’s PDD/Pinduoduo shareholder table and S&P Global / Simply Wall St data attribute about 195.9 million shares to Tencent, corresponding to a ~13.8% ownership stake, making it the second‑largest shareholder. | Corporate | 13.8% | 13.8% | Mar 2025 |
BlackRock, Inc. Global asset manager and the largest institutional holder; Yahoo Finance, Nasdaq and Investing.com data indicate BlackRock funds collectively own around 35.8 million PDD shares, or about 2.52% of shares outstanding as of the third quarter of 2025. | Institutional | 2.5% | 2.5% | Sep 2025 |
The Vanguard Group, Inc. U.S. index‑fund giant; major‑holder disclosures show Vanguard managing roughly 32.4 million PDD shares across its funds, representing about 2.28% of the company as of September 30, 2025. | Institutional | 2.3% | 2.3% | Sep 2025 |
Baillie Gifford & Co. Edinburgh‑based investment manager; listed among PDD’s largest institutional investors with approximately 31.8 million shares, or about 2.24% ownership, in shareholder breakdowns derived from S&P Global data and major‑holder summaries as of late 2025. | Institutional | 2.2% | 2.2% | Sep 2025 |
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