PDD Holdings Inc.
Close on Nov 2, 2026Market cap $116.26BP/E 8.3Yield –
PDD Merchant Deposits (RMB million): 17,708M in FY2025, up 7.6% from a year earlier. That is the highest of the 9 years on record here.
Where the FY2025 figure comes from
“|| Merchant deposits | 17,708 | 18,545 | 2,733”
Source: PDD Holdings Inc. Form 6-K (tm2623874d1_ex99-1.htm, filed 2026-08-25) ↗
Security deposits to guarantee merchandise quality and compliance with platform regulations from millions of merchants.
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Merchant Deposits (RMB million) (M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 17,708 | +7.6% | PDD Holdings Inc. Form 6-K (tm2623874d1_ex99-1.htm, filed 2026-08-25) ↗ |
| FY2024 | Dec 31, 2024 | 16,461 | -2.5% | PDD Holdings Inc. Form 6-K (tm269789d1_ex99-1.htm, filed 2026-03-26) ↗ |
| FY2023 | Dec 31, 2023 | 16,879 | +12.1% | PDD Holdings Inc. Form 6-K (tm259886d1_ex99-1.htm, filed 2025-03-20) ↗ |
| FY2022 | Dec 31, 2022 | 15,058 | +10.9% | PDD Holdings Inc. Form 6-K (tm249325d1_ex99-1.htm, filed 2024-03-21) ↗ |
| FY2021 | Dec 31, 2021 | 13,578 | +24.3% | PDD Holdings Inc. Form 6-K (tm2310024d1_ex99-1.htm, filed 2023-03-22) ↗ |
| FY2020 | Dec 31, 2020 | 10,926 | +39.4% | PDD Holdings Inc. Form 6-K (tm229947d1_ex99-1.htm, filed 2022-03-22) ↗ |
| FY2019 | Dec 31, 2019 | 7,841 | +87.2% | PDD Holdings Inc. Form 6-K (a21-10044_1ex99d1.htm, filed 2021-03-18) ↗ |
| FY2018 | Dec 31, 2018 | 4,188 | +135.5% | PDD Holdings Inc. Form 6-K (a20-12514_1ex99d1.htm, filed 2020-03-12) ↗ |
| FY2017 | Dec 31, 2017 | 1,778 | – | PDD Holdings Inc. Form 6-K (a19-6538_1ex99d1.htm, filed 2019-03-15) ↗ |
Breakdown
What makes up merchant Deposits (RMB million)
Cite this data
StockData. (2026). PDD Merchant Deposits (RMB million) (M), annual FY2017–FY2025 [Data set]. Compiled from PDD SEC filings and investor materials. https://stockdatahq.com/stocks/pdd/kpis/sec-bs-merchant-deposits-rmb-m-16
See every metric in the PDD KPI table. Data updated Oct 27, 2026.