PDD Holdings, listed on Nasdaq under the ticker PDD, has emerged in less than a decade as one of the most disruptive players in global e-commerce. Founded in 2015 with the launch of Pinduoduo in China, the company led by Lei Chen now operates two flagship platforms: Pinduoduo, which dominates the social and agricultural e-commerce segment in China, and Temu, its international spearhead launched in September 2022, now present in more than 80 markets. Strategic levers and compe