Pinduoduo Inc (9PDA) - Total Assets
Based on the latest financial reports, Pinduoduo Inc (9PDA) holds total assets worth €637.70 Billion EUR (≈ $745.54 Billion USD) as of March 2026. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Explore 9PDA operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Pinduoduo Inc - Total Assets Trend (2016–2025)
This chart illustrates how Pinduoduo Inc's total assets have evolved over time, based on quarterly financial data. See what is Pinduoduo Inc's book value for net asset value and shareholders' equity analysis.
Pinduoduo Inc - Asset Composition Analysis
Current Asset Composition (December 2025)
Pinduoduo Inc's total assets of €637.70 Billion consist of 82.4% current assets and 17.6% non-current assets.
| Asset Category | Amount (EUR) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | €0.00 | 17.3% |
| Accounts Receivable | €5.11 Billion | 0.8% |
| Inventory | €0.00 | 0.0% |
| Property, Plant & Equipment | €0.00 | 0.0% |
| Intangible Assets | €0.00 | 0.0% |
| Goodwill | €0.00 | 0.0% |
Asset Composition Trend (2016–2025)
This chart illustrates how Pinduoduo Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see 9PDA market cap overview.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Pinduoduo Inc's current assets represent 82.4% of total assets in 2025, a decrease from 99.0% in 2016.
- Cash Position: Cash and equivalents constituted 17.3% of total assets in 2025, down from 74.5% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2016.
- Asset Diversification: The largest asset category is accounts receivable at 0.8% of total assets.
Pinduoduo Inc Competitors by Total Assets
Key competitors of Pinduoduo Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
eBay Inc
NASDAQ:EBAY
|
USA | $17.89 Billion |
|
Naspers Limited
JSE:NPN
|
South Africa | ZAC80.21 Billion |
|
Z HOLDINGS CORP. ADR 2
F:YOJ0
|
Germany | €10.47 Trillion |
|
Wayfair Inc
NYSE:W
|
USA | $2.87 Billion |
|
SWIGGY LIMITED
NSE:SWIGGY
|
India | Rs157.92 Billion |
|
MERCARI INC. UNSP.ADR/1/2
F:6TP0
|
Germany | €615.14 Billion |
|
Harris Technology Group Ltd
AU:HT8
|
Australia | AU$7.22 Million |
|
Kogan.com Ltd
AU:KGN
|
Australia | AU$190.15 Million |
Pinduoduo Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 2.54 | 2.27 | 1.84 |
| Quick Ratio | 2.54 | 2.27 | 1.84 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | €324.91 Billion | €250.75 Billion | €67.50 Billion |
Pinduoduo Inc - Advanced Valuation Insights
This section examines the relationship between Pinduoduo Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.94 |
| Latest Market Cap to Assets Ratio | 0.16 |
| Asset Growth Rate (YoY) | 24.8% |
| Total Assets | €630.04 Billion |
| Market Capitalization | $102.48 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Pinduoduo Inc's assets below their book value (0.16x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Pinduoduo Inc's assets grew by 24.8% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Pinduoduo Inc (2016–2025)
The table below shows the annual total assets of Pinduoduo Inc from 2016 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | €630.04 Billion ≈ $736.59 Billion |
+24.75% |
| 2024-12-31 | €505.03 Billion ≈ $590.44 Billion |
+45.09% |
| 2023-12-31 | €348.08 Billion ≈ $406.94 Billion |
+46.79% |
| 2022-12-31 | €237.12 Billion ≈ $277.22 Billion |
+30.85% |
| 2021-12-31 | €181.21 Billion ≈ $211.85 Billion |
+14.03% |
| 2020-12-31 | €158.91 Billion ≈ $185.78 Billion |
+108.93% |
| 2019-12-31 | €76.06 Billion ≈ $88.92 Billion |
+76.13% |
| 2018-12-31 | €43.18 Billion ≈ $50.48 Billion |
+224.32% |
| 2017-12-31 | €13.31 Billion ≈ $15.57 Billion |
+651.91% |
| 2016-12-31 | €1.77 Billion ≈ $2.07 Billion |
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About Pinduoduo Inc
PDD Holdings Inc., a multinational commerce group that owns and operates a portfolio of businesses. The company operates Pinduoduo platform, which provides various product categories and interactive shopping experiences; and Temu, an online platform, which enables merchants to streamline their manufacturing and commercial operations. The company was formerly known as Pinduoduo Inc. and changed it… Read more