PDD Holdings (Nasdaq: PDD) is a multinational commerce group that owns and operates a portfolio of businesses, including Pinduoduo, a social commerce platform in China with agriculture as one of its pillars, and Temu, a global online marketplace. PDD Holdings 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 has built a network of sourcing, logistics, and fulfillment capabilities, that support its underlying businesses.

About Pinduoduo

Founded in 2015 by PDD Holdings, Pinduoduo started as a fresh agriculture platform before expanding to a leading social commerce player serving approximately 900 million users. As a company rooted in agriculture, Pinduoduo has worked with more than 16 million farmers and their communities to take part in and benefit from the fast-growing digital economy. True to its slogan "Together, More savings, More fun", Pinduoduo brings fun into consumers’ shopping journey.

About Temu

Temu (tee-moo) is an online marketplace that connects consumers with millions of sellers, manufacturers and brands around the world with the mission to empower them to live their best lives. Temu is committed to offering the most affordable quality products to enable consumers and sellers to fulfill their dreams in an inclusive environment. Temu was founded by PDD Holdings in Boston, Massachusetts in 2022.