PDD Holdings Inc. announced its latest financial results on the evening of March 25. The company reported full-year revenue of 431.8 billion yuan, representing a 10% year-over-year increase. However, net profit saw a decline compared to the previous year.

This report marks the first financial disclosure since PDD implemented a co-chairman governance structure. During the shareholders' meeting last December, the company announced an upgrade to its corporate governance framework, appointing Zhao Jiazhen and Chen Lei as Group Co-Chairmen and Co-CEOs.

Zhao Jiazhen stated that 2026 will serve as a new starting point for the company's next phase of development. PDD plans to invest additional "hundreds of billions in support," continuing to heavily invest in the Chinese supply chain. He expressed confidence that over the next three years, the company has the opportunity to effectively build another PDD.