PDD Holdings Inc. Research and Development Expense
PDD Holdings Inc. (PDD) reported Research and Development Expense of CNY 16.50 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:ResearchAndDevelopmentExpense · last filed 2026-04-29
- PDD Holdings Inc. research and development expense for the quarter ending 2020-12-31 was 1.95B CNY, a 53.36% increase year-over-year.
- PDD Holdings Inc. research and development expense for the quarter ending 2019-12-31 was 1.27B CNY.
CNY
| Period end | Research and Development Expense 3 month | Research and Development Expense 9 month | Research and Development Expense 12 month |
|---|---|---|---|
| 2025-12-31 | 16.50B CNY 20-F · filed 2026-04-29 | ||
| 2024-12-31 | 12.66B CNY 20-F · filed 2026-04-29 | ||
| 2023-12-31 | 10.95B CNY 20-F · filed 2026-04-29 | ||
| 2022-12-31 | 10.38B CNY 20-F · filed 2025-04-28 | ||
| 2021-12-31 | 8.99B CNY 20-F · filed 2024-04-25 | ||
| 2020-12-31 | 1.95B CNY derived: 20-F 12 month − 6-K 9 month · filed 2023-04-26 | 6.89B CNY 20-F · filed 2023-04-26 | |
| 2020-09-30 | 4.94B CNY 6-K · filed 2020-11-16 | ||
| 2019-12-31 | 1.27B CNY derived: 20-F 12 month − 6-K 9 month · filed 2022-04-25 | 3.87B CNY 20-F · filed 2022-04-25 | |
| 2019-09-30 | 2.60B CNY 6-K · filed 2020-11-16 | ||
| 2018-12-31 | 1.12B CNY 20-F · filed 2021-04-30 | ||
| 2017-12-31 | 129.18M CNY 20-F · filed 2020-04-24 | ||
| 2016-12-31 | 29.42M CNY 20-F · filed 2019-04-24 |
USD
| Period end | Research and Development Expense 3 month | Research and Development Expense 9 month | Research and Development Expense 12 month |
|---|---|---|---|
| 2025-12-31 | $2.36B 20-F · filed 2026-04-29 | ||
| 2024-12-31 | $1.73B 20-F · filed 2025-04-28 | ||
| 2023-12-31 | $1.54B 20-F · filed 2024-04-25 | ||
| 2022-12-31 | $1.51B 20-F · filed 2023-04-26 | ||
| 2021-12-31 | $1.41B 20-F · filed 2022-04-25 | ||
| 2020-12-31 | $328.55M derived: 20-F 12 month − 6-K 9 month · filed 2021-04-30 | $1.06B 20-F · filed 2021-04-30 | |
| 2020-09-30 | $727.64M 6-K · filed 2020-11-16 | ||
| 2019-12-31 | $555.94M 20-F · filed 2020-04-24 | ||
| 2018-12-31 | $162.32M 20-F · filed 2019-04-24 |