PDD Holdings (PDD) Q2 FY26 earnings call

PDD Holdings reported solid Q2 FY26 revenue growth, driven by transaction services, but net income saw a decline due to significant strategic investments in its platform and ecosystem. The company is focused on long-term, high-quality development, including the CNY 100 billion support program and building out supply chain capabilities, despite facing intense e-commerce competition and regulatory shifts in global markets. Management remains committed to these foundational investments to foster sustainable organic growth and enhance consumer and merchant value.