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PDD Holdings Inc. (PDD) Advertising Expense

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PDD Holdings Inc. Advertising Expense

PDD Holdings Inc. (PDD) reported Advertising Expense of CNY 74.93 billion for the 12-month period ending 2025-12-31, per its 20-F filed 2026-04-29.

Financial Statements › Expense Statement › Operating Expenses

us-gaap:AdvertisingExpense · last filed 2026-04-29

  • PDD Holdings Inc. advertising expense for the quarter ending 2020-12-31 was 14.08B CNY, a 58.58% increase year-over-year.
  • PDD Holdings Inc. advertising expense for the quarter ending 2019-12-31 was 8.88B CNY.

CNY

Period endAdvertising Expense 3 monthAdvertising Expense 9 monthAdvertising Expense 12 monthAdvertising Expense 12 month as first filed
2025-12-3174.93B CNY
20-F · filed 2026-04-29
2024-12-3168.47B CNY
20-F · filed 2026-04-29
2023-12-3156.42B CNY
20-F · filed 2026-04-29
76.43B CNY
20-F · filed 2024-04-25
2022-12-3118.92B CNY
20-F · filed 2025-04-28
49.97B CNY
20-F · filed 2023-04-26
2021-12-3141.46B CNY
20-F · filed 2024-04-25
2020-12-3114.08B CNY
derived: 20-F 12 month − 6-K 9 month · filed 2023-04-26
39.30B CNY
20-F · filed 2023-04-26
2020-09-3025.21B CNY
6-K · filed 2020-11-16
2019-12-318.88B CNY
derived: 20-F 12 month − 6-K 9 month · filed 2022-04-25
25.87B CNY
20-F · filed 2022-04-25
2019-09-3016.99B CNY
6-K · filed 2020-11-16
2018-12-3112.87B CNY
20-F · filed 2021-04-30
2017-12-311.26B CNY
20-F · filed 2020-04-24
2016-12-31113.69M CNY
20-F · filed 2019-04-24

USD

Period endAdvertising Expense 3 monthAdvertising Expense 9 monthAdvertising Expense 12 month
2025-12-31$10.71B
20-F · filed 2026-04-29
2024-12-31$9.38B
20-F · filed 2025-04-28
2023-12-31$10.76B
20-F · filed 2024-04-25
2022-12-31$7.25B
20-F · filed 2023-04-26
2021-12-31$6.51B
20-F · filed 2022-04-25
2020-12-31$2.31B
derived: 20-F 12 month − 6-K 9 month · filed 2021-04-30
$6.02B
20-F · filed 2021-04-30
2020-09-30$3.71B
6-K · filed 2020-11-16
2019-12-31$3.72B
20-F · filed 2020-04-24
2018-12-31$1.87B
20-F · filed 2019-04-24