PDD Holdings Q1 2026 Earnings Call: Complete Transcript
PDD Holdings reported Q1 2026 revenue of RMB 106.2 billion, an 11% year-over-year increase, driven mainly by transaction services. The company is committing RMB 100 billion over three years to its new First Party Brand initiative, aiming to enhance supply chain integration and brand development. Management emphasized a long-term strategy focused on investments in the supply chain and high-quality development, rather than short-term financial performance, leading to a 22% increase in operating profit to RMB 19.6 billion.
https://www.benzinga.com/insights/news/26/05/52804676/pdd-holdings-q1-2026-earnings-call-complete-transcript