PDD Holdings Inc. (PDD) Q2 2026 Earnings Call August 24, 2026 7:30 AM EDT
Company Participants
Jiazhen Zhao – Co-CEO & Co-Chairman of the Board
Lei Chen – General Counsel, Co-CEO & Co-Chairman of the Board
Jun Liu – Vice President of Finance
Conference Call Participants
Thomas Chong – Jefferies LLC, Research Division
Alicis a Yap – Citigroup Inc., Research Division
Joyce Ju – BofA Securities, Research Division
Presentation
Operator
Ladies and gentlemen, thank you for standing by, and welcome to PDD Holdings, Inc. Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded.
I would now like to hand the conference over to your host today.
Sir, please go ahead.
Unknown Executive
Thank you, operator, and hello, everyone, and thank you for joining us today. PDD Holdings’ earnings release was distributed earlier and is available on our website at investor.pddholdings.com as well as through the GlobeNewswire services. Before we begin, I’d like to refer you to our safe harbor statement in the earnings press release, which applies to this call as we’ll make certain forward-looking statements. Also, this call includes discussions of certain non-GAAP financial measures. Please refer to our earnings release, which contains a reconciliation of non-GAAP measures to GAAP measures.
Joining us today on the call are Mr. Chen Lei, our Co-Chairman and Co-Chief Executive Officer; Mr. Zhao Jiazhen, our Co-Chairman and Co-Chief Executive Officer; as well as Mr. Liu Jun, our Financial Director. Lei and Zhao Jiazhen will make some general remarks on our performance for the past quarter and our strategic focus. Jun will then walk us through our financial results for the second quarter ended June 30, 2026. On today’s call, certain management remarks will be in Chinese and we will help translate. Please kindly note that English translation is for reference only. And in case of any discrepancy, statements in the original language











