PDD Holdings Inc.
Close on Nov 2, 2026Market cap $116.26BP/E 8.2Yield –
PDD Pinduoduo Marketplace Operating Metrics (Legacy by Year
Pinduoduo Marketplace Operating Metrics (Legacy — Discontinued from Q1/Q2 2022): 12-Month Gross Merchandise Volume (GMV TTM — RMB billion)
PDD Pinduoduo Marketplace Operating Metrics (Legacy: 2,441 in FY2021, up 46.4% from a year earlier. No newer figure appears in the documents we track.
Where the FY2021 figure comes from
“|| ● | GMV 1 in the twelve-month period ended December 31, 2021 was RMB2,441.0 billion (US$ 2 383.0 billion), an increase of 46% from RMB1,667.6 billion in the twelve-month period ended December 31, 2020.”
Source: PDD Holdings Inc. Form 6-K (tm229947d1_ex99-1.htm, filed 2022-03-22) ↗
Reported continuously from FY2017 to FY2021Q4 (reaching RMB 2.441,0 billion in 2021); the company stopped reporting GMV from Q1 2022.
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Pinduoduo Marketplace Operating Metrics (Legacy — Discontinued from Q1/Q2 2022): 12-Month Gross Merchandise Volume (GMV TTM — RMB billion) | Year on year | Source |
|---|---|---|---|---|
| FY2021 | Dec 31, 2021 | 2,441 | +46.4% | PDD Holdings Inc. Form 6-K (tm229947d1_ex99-1.htm, filed 2022-03-22) ↗ |
| FY2020 | Dec 31, 2020 | 1,668 | +65.7% | PDD Holdings Inc. Form 6-K (tm229947d1_ex99-1.htm, filed 2022-03-22) ↗ |
| FY2019 | Dec 31, 2019 | 1,007 | +113.4% | PDD Holdings Inc. Form 6-K (a21-10044_1ex99d1.htm, filed 2021-03-18) ↗ |
| FY2018 | Dec 31, 2018 | 472 | +234.0% | PDD Holdings Inc. Form 6-K (a20-12514_1ex99d1.htm, filed 2020-03-12) ↗ |
| FY2017 | Dec 31, 2017 | 141 | – | PDD Holdings Inc. Form 6-K (a19-6538_1ex99d1.htm, filed 2019-03-15) ↗ |
Breakdown
What makes up pinduoduo Marketplace Operating Metrics (Legacy
- 12-Month GMV YoY Growth (% YoY Reported — Legacy FY2018–FY2021Q4)46.0% · FY2021
- 12-Month Active Buyers (Active Buyers TTM — million buyers — legacy FY2017–FY2022Q1)869 · FY2021
- Average Monthly Active Users — MAU (million — legacy FY2017–FY2022Q1)733 · FY2021
- Annual Spending per Active Buyer (RMB/buyer — legacy FY2017–FY2021Q4)2,810 · FY2021
- Total Orders (billion orders — legacy Form 20-F FY2017–FY2021)61 · FY2021
- Active Merchants (million merchants — legacy Form 20-F FY2018–FY2021)11.5 · FY2021
Cite this data
StockData. (2026). PDD Pinduoduo Marketplace Operating Metrics (Legacy, annual FY2017–FY2021 [Data set]. Compiled from PDD SEC filings and investor materials. https://stockdatahq.com/stocks/pdd/kpis/sec-ops-gmv-ttm-rmb-b-33
See every metric in the PDD KPI table. Data updated Oct 27, 2026.