Quick Answer
PDD Holdings Inc. reported R&D Expense of $12.66 billion for fiscal year 2024.
PDD Holdings Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2024 | $12.66B | +15.6% |
| 2023 | $10.95B | +5.5% |
| 2022 | $10.38B | +15.5% |
| 2021 | $8.99B | +30.5% |
| 2020 | $6.89B | +78.1% |
| 2019 | $3.87B | +246.8% |
| 2018 | $1.12B | +763.9% |
| 2017 | $129.18M | +339.1% |
| 2016 | $29.42M | — |
- PDD Holdings Inc. showed an increase of +15.6% in R&D Expense compared to the prior fiscal year.
- Over the 2016–2024 period, PDD Holdings Inc.’s r&d expense has grown by 42928.3% (from $29.42 million to $12.66 billion).
- The most recent figure is from PDD Holdings Inc.’s fiscal year 2024 report (Form 20-F), filed with the SEC on April 28, 2025.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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