Latest period
$0.00
YoY change
+20.1%
5Y CAGR
+90.1%
Peak year (2021)
$514.33M
Cumulative CapEx
$996.71M
CapEx history chart for PDD Holdings (PDD) from 2016 to 2025
Latest: $161.56M
CapEx growth chart for PDD Holdings (PDD) from 2016 to 2025
Latest: +20.1%
CapEx history table for PDD Holdings (PDD) from 2016 to 2025
| 2025 | $161.56M | +20.1% | +$27.04M | ||
| 2024 | $134.51M | +66.4% | +$53.68M | ||
| 2023 | $80.83M | -9.6% | −$8.61M | ||
| 2022 | $89.44M | -82.6% | −$424.88M | ||
| 2021 | $514.33M | +7810.0% | +$507.83M | ||
| 2020 | $6.50M | +66.9% | +$2.61M | ||
| 2019 | $3.90M | -1.5% | −$57.54K | ||
| 2018 | $3.95M | +193.0% | +$2.60M | ||
| 2017 | $1.35M | +300.5% | +$1.01M | ||
| 2016 | $336.85K | — | — |
- 2025$161.56M+20.1%
- 2024$134.51M+66.4%
- 2023$80.83M-9.6%
- 2022$89.44M-82.6%
- 2021$514.33M+7810.0%
- 2020$6.50M+66.9%
- 2019$3.90M-1.5%
- 2018$3.95M+193.0%
- 2017$1.35M+300.5%
- 2016$336.85K—
CapEx values are taken from PDD Holdings's reported cash flow statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts converted to USD using IAS 21 average exchange rates (P&L / cash flow) or closing rates (balance sheet). Originally filed in CNY.
About CapEx at PDD Holdings (PDD)
According to PDD Holdings's latest reported financial statements, the company's current CapEx (TTM) is $0.00. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of PDD Holdings (PDD) CapEx is 1.15B CNY – grew 18.4% year-over-year.
PDD Holdings CapEx compound annual growth for the 2020–2025 (5 years) window is +92.7%, sustaining 2 straight years of year-over-year growth.
PDD Holdings CapEx peaked at 3.29B CNY in 2021; the latest annual figure is 1.15B CNY in 2025 (65.2% below peak).
3.29B CNY stands as the all-time-high annual CapEx, posted in 2021, against a low of 2.30M CNY during 2016.
PDD Holdings Capital Expenditures by Year
PDD Holdings Capital Expenditures 2025: $161.56M
PDD Holdings posted CapEx of 1.15B CNY ($161.56M) in 2025, grew 18.4% from 2024.
PDD Holdings Capital Expenditures 2024: $134.51M
In 2024, PDD Holdings reported CapEx of 967.14M CNY ($134.51M), surged 65.6% from 2023.
PDD Holdings Capital Expenditures 2023: $80.83M
PDD Holdings CapEx in 2023 was 583.88M CNY ($80.83M), declined 8.2% below 2022.
PDD Holdings Capital Expenditures 2022: $89.44M
2022's CapEx for PDD Holdings came in at 635.72M CNY ($89.44M), plunged 80.7% below 2021.
PDD Holdings Capital Expenditures 2021: $514.33M
PDD Holdings CapEx in 2021 was 3.29B CNY ($514.33M).
See more financial history for PDD Holdings (PDD).
Sector peers by CapEx
Consumer Cyclical peers of PDD Holdings (PDD), ranked by their latest CapEx
| $131.82B | |
| $18.33B | |
| $8.53B | |
| $3.68B | |
| $3.37B | |
| $2.21B | |
| $1.96B | |
| $322.00M |
- $131.82B
- $18.33B
- $8.53B
- $3.68B
- $3.37B
- $2.21B
- $1.96B
- $322.00M
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