PDD’s Temu Expected to See Accelerated Growth

Leading Chinese online retailer PDD Holdings (NASDAQ: PDD), formerly Pinduoduo, is projected to see accelerated growth from its cross-border marketplace Temu. Temu, a subsidiary of PDD, was first launched in the U.S. in September 2022 and is currently available in 49 countries globally.

According to Visible Alpha consensus, Temu is projected to see its revenue grow at a CAGR of 37% between 2023 and 2030. Accounting for 0.3% of PDD’s total revenue in 2022, and an estimated 18% in fiscal 2023, Temu is projected to account for as much as 50% of PDD’s total revenue by 2030. The fast-growing shopping app is also expected to rapidly grow its number of orders and gross merchandise value. Analysts expect Temu to turn profitable in 2026, generating a projected operating income of CN¥5.6 billion, up from an estimated operating loss of -¥10.7 billion in 2025.

Sector: Consumer Services
Industry: Internet Retailers
Ticker: PDD_US