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PDD Holdings (Nasdaq:PDD), is a multinational commerce holding company. It owns a portfolio of companies, which include social commerce platform Pinduoduo in China, e-commerce marketplace Temu in the U.S.. PDD Holdings has been listed on the Nasdaq since 2018 with the ticker PDD. It is a constituent stock of the Nasdaq-100 Index.

In 2021, PDD Holdings fulfilled 61 billion orders, connecting more than 11 million merchants to almost 900 million users globally in 2021.

Management
As of July 2021, 6 members sit on PDD Holding’s board, the majority of whom are independent directors. The directors are Lei Chen, Haifeng Lin, Nanpeng Shen, Qi Lu, George Yong-Boon Yeo and Anthony Kam Ping Leung.

On July 1, 2020, PDD Holdings announced the appointment of Lei Chen as its CEO. Chen was appointed the chairman of the board on March 17, 2021.

Structure
PDD Holdings has built a global network of sourcing, logistic and fulfilment capabilities that is shared by its various business units, including Pinduoduo and Temu.

Pinduoduo was founded in 2015 through PDD Holding’s Hong Kong subsidiary (HongKong Walnut Street Limited) and China subsidiaries (Shanghai Xunmeng Information Technology Co., Ltd.). It started as an online fresh produce platform, and later became a social commerce platform cross multiple categories. Agriculture remains as an important business of Pinduoduo.

Temu is an online marketplace across all categories. It was launched in 2022 to serve the U.S. market through Delaware-incorporated Whaleco Inc. Temu features general merchandise sourced from merchants and brands globally and offered at wholesale prices to individual buyers.