PDD Holdings Inc.
Close on Nov 2, 2026Market cap $116.26BP/E 8.3Yield –
PDD Major Shareholder Ownership Structure: Ownership by Year
Major Shareholder Ownership Structure (Form 20-F Item 6.E): Ownership Percentage of Founder Zheng Huang / Colin Huang (%) (%)
PDD Major Shareholder Ownership Structure: Ownership: 24.8% in FY2025, unchanged from a year earlier. That is the lowest of the 8 years on record here.
Where the FY2025 figure comes from
“|| Entities affiliated with Zheng Huang (1) | | 1,409,744,080 | 24.8”
Source: PDD Holdings Inc. Form 20-F (pdd-20251231x20f.htm, filed 2026-04-29) ↗
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Major Shareholder Ownership Structure (Form 20-F Item 6.E): Ownership Percentage of Founder Zheng Huang / Colin Huang (%) (%) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 24.8% | 0.0 pts | PDD Holdings Inc. Form 20-F (pdd-20251231x20f.htm, filed 2026-04-29) ↗ |
| FY2024 | Dec 31, 2024 | 24.8% | -0.6 pts | PDD Holdings Inc. Form 20-F (pdd-20241231x20f.htm, filed 2025-04-28) ↗ |
| FY2023 | Dec 31, 2023 | 25.4% | -1.1 pts | PDD Holdings Inc. Form 20-F (pdd-20231231x20f.htm, filed 2024-04-25) ↗ |
| FY2022 | Dec 31, 2022 | 26.5% | -1.4 pts | PDD Holdings Inc. Form 20-F (pdd-20221231x20f.htm, filed 2023-04-26) ↗ |
| FY2021 | Dec 31, 2021 | 27.9% | -0.2 pts | PDD Holdings Inc. Form 20-F (pdd-20211231x20f.htm, filed 2022-04-25) ↗ |
| FY2020 | Dec 31, 2020 | 28.1% | -15.2 pts | PDD Holdings Inc. Form 20-F (pdd-20201231x20f.htm, filed 2021-04-30) ↗ |
| FY2019 | Dec 31, 2019 | 43.3% | -1.3 pts | PDD Holdings Inc. Form 20-F (pdd-20191231x20f.htm, filed 2020-04-24) ↗ |
| FY2018 | Dec 31, 2018 | 44.6% | – | PDD Holdings Inc. Form 20-F (a19-5195_120f.htm, filed 2019-04-24) ↗ |
Breakdown
What makes up major Shareholder Ownership Structure: Ownership
- Ordinary Shares Held by Entities Affiliated with Zheng Huang (shares)1,409,744,080 · FY2025
- Ownership Percentage of Strategic Shareholder Tencent (%)13.8% · FY2025
- Ownership Percentage of PDD Partnership (%)6.5% · FY2025
- All Directors and Executive Officers as a Group (%)0.9% · FY2025
- Class A Ordinary Shares Held by ADS Depositary (shares)3,122,029,820 · FY2025
Cite this data
StockData. (2026). PDD Major Shareholder Ownership Structure: Ownership (%), annual FY2018–FY2025 [Data set]. Compiled from PDD SEC filings and investor materials. https://stockdatahq.com/stocks/pdd/kpis/sec-own-zheng-huang-pct-381
See every metric in the PDD KPI table. Data updated Oct 27, 2026.