PDD Holdings Research and Development Expenses 2018-2025 | PDD

PDD Holdings annual/quarterly research and development expenses history and growth rate from 2018 to 2025. Research and development expenses can be defined as an expense arising from studies and product development processes.
  • PDD Holdings research and development expenses for the quarter ending September 30, 2025 were $0.609B, a 39.41% increase year-over-year.
  • PDD Holdings research and development expenses for the twelve months ending September 30, 2025 were $2.097B, a 27.1% increase year-over-year.
  • PDD Holdings annual research and development expenses for 2025 were $2.359B, a 36.01% increase from 2024.
  • PDD Holdings annual research and development expenses for 2024 were $1.734B, a 12.43% increase from 2023.
  • PDD Holdings annual research and development expenses for 2023 were $1.543B, a 2.46% increase from 2022.
Unlock Macrotrends Premium
40 years of data
Faster, ad-free pages
Unlimited data exports
Full-width charts
PDD Holdings Annual Research and Development Expenses
(Millions of US $)
2025 $2,359
2024 $1,734
2023 $1,543
2022 $1,506
2021 $1,411
2020 $1,056
2019 $556
2018 $162
2017 $21
PDD Holdings Quarterly Research and Development Expenses
(Millions of US $)
2025-09-30 $609
2025-06-30 $501
2025-03-31 $493
2024-12-31 $495
2024-09-30 $437
2024-06-30 $400
2024-03-31 $403
2023-12-31 $410
2023-09-30 $390
2023-06-30 $377
2023-03-31 $365
2022-12-31 $316
2022-09-30 $379
2022-06-30 $390
2022-03-31 $421
2021-12-31 $336
2021-09-30 $376
2021-06-30 $361
2021-03-31 $339
2020-12-31 $347
2020-09-30 $266
2020-06-30 $235
2020-03-31 $208
2019-12-31 $182
2019-09-30 $158
2019-06-30 $117
2019-03-31 $99
2018-12-31 $74
2018-09-30 $48
2018-06-30 $28
2018-03-31 $12
2017-12-31
Sector Industry Market Cap Revenue
Retail/Wholesale Internet Commerce $139.451B $61.753B
PDD Holdings Inc. is a multinational commerce group which owns and operates a portfolio of businesses. The company aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from the increased productivity and new opportunities. PDD Holdings Inc., formerly known as PINDUODUO INC, is based in DUBLIN.
Stock Name Country Market Cap PE Ratio
Amazon (AMZN) United States $2563.599B 33.25
Alibaba (BABA) China $303.989B 26.53
Booking Holdings (BKNG) United States $137.351B 18.98
MercadoLibre (MELI) Argentina $89.935B 45.02
Carvana (CVNA) United States $73.600B 41.83
EBay (EBAY) United States $42.739B 21.83
JD (JD) China $41.443B 13.91
Coupang (CPNG) United States $36.125B 164.67
Prosus (PROSY) Netherlands $24.474B 0.00
LY (YAHOY) Japan $17.313B 13.24
Chewy (CHWY) United States $10.504B 46.69
Wayfair (W) United States $9.372B 0.00
Maplebear (CART) United States $9.291B 21.57
MONOTARO (MONOY) Japan $5.726B 25.95
Global-e Online (GLBE) Israel $5.131B 81.70
Etsy (ETSY) United States $5.071B 23.31
Just Eat Takeaway (JTKWY) Netherlands $4.503B 0.00
CarGurus (CARG) United States $3.251B 18.07
StubHub Holdings (STUB) United States $2.237B 0.00
OCADO GROUP (OCDDY) United Kingdom $2.117B 0.00
Pattern Group (PTRN) United States $1.929B 0.00
Newegg Commerce (NEGG) United States $1.387B 0.00
Akso Health Group (AHG) China $1.264B 0.00
TripAdvisor (TRIP) United States $1.253B 20.22
D-MARKET Electronic Services & Trading (HEPS) Turkey $0.968B 0.00
Jumia Technologies (JMIA) Germany $0.857B 0.00
Dingdong (Cayman) (DDL) China $0.626B 20.39
Cars (CARS) United States $0.572B 7.44
Groupon (GRPN) United States $0.483B 0.00
Boohoo Group Plc (BHOOY) United Kingdom $0.483B 0.00
ContextLogic (LOGC) United States $0.380B 0.00
Fiverr (FVRR) Israel $0.371B 6.10
Bed Bath & Beyond (BBBY) United States $0.325B 0.00
Commerce (CMRC) United States $0.216B 0.00
ContextLogic (LOGCD) United States $0.210B 0.00
1stdibs (DIBS) United States $0.200B 0.00
QVC Group (QVCGB) United States $0.081B 0.00
Travelzoo (TZOO) United States $0.068B 16.29
Hour Loop (HOUR) United States $0.066B 37.60
PetMed Express (PETS) United States $0.049B 0.00
PSQ Holdings (PSQH) United States $0.025B 0.00
Token Cat - (TC) China $0.017B 0.00
QVC Group (QVCGA) United States $0.017B 0.00
Linkage Global (LGCB) Japan $0.014B 0.00
NextPlat (NXPL) United States $0.013B 0.00
Future FinTech Group (FTFT) Hong Kong, SAR China $0.008B 0.00
Yunji (YJ) China $0.008B 0.00
Cellyan Biotechnology (HKPD) Hong Kong, SAR China $0.007B 0.00
Treasure Global (TGL) United States $0.006B 0.00
Jowell Global (JWEL) China $0.005B 0.00
OLB (OLB) United States $0.005B 0.00
Globavend Holdings (GVH) Australia $0.004B 0.00
Onfolio Holdings (ONFO) United States $0.004B 0.00
Jeffs' Brands (JFBR) Israel $0.002B 0.00
WeBuy Global (WBUY) Singapore $0.001B 0.00
Oriental Culture Holding (OCG) Hong Kong, SAR China $0.001B 0.00
Almacenes Exito S.A (EXTOY) Colombia $0.000B 0.00