Company data sheet · Temu (PDD)
Temu (PDD): five lost years, and the economy wasn't the reason.
- Industry
- Business Services
- Headquarters
- China
- Ticker
- PDD (Nasdaq)
- Sources
- SEC filings (2018–2026), Stratrix's verified Decision Cases, market data and official economic statistics for China
- Data as of
- October 18, 2026
- From profit to five straight losses. Temu (PDD) lost money every year from 2016 to 2020: CN¥25.2 billion in all. 2021 was its first profit in six years: CN¥7.8 billion.
- It outgrew its own economy many times over. Revenue rose from CN¥0.5 billion in 2016 to CN¥432 billion in 2025: 855.4 times as much. China's economy, counted the same way in money terms, grew about 83%. Whatever drove it, the economy around it does not account for growth of that size.
- It wasn't the cycle. The losses began in 2016, a year China economy grew 6.8%. When a company falls while its economy grows, look inside the company first.
- Ahead of almost everyone like it. From 2016 to 2025, its revenue grew 81154% in US dollars; the median among 58 large service companies grew 90%. It outgrew 98% of them.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | CN¥0.5 billion | −CN¥0.3 billion | |
| 2017 | CN¥1.7 billion | −CN¥0.5 billion | |
| 2018 | CN¥13.1 billion | −CN¥10.2 billion | |
| 2019 | CN¥30.1 billion | −CN¥7 billion | |
| 2020 | CN¥59.5 billion | −CN¥7.2 billion | |
| 2021 | CN¥93.9 billion | CN¥7.8 billion | |
| 2022 | CN¥131 billion | CN¥31.5 billion | |
| 2023 | CN¥248 billion | CN¥60 billion | |
| 2024 | CN¥394 billion | CN¥112 billion | |
| 2025 | CN¥432 billion | CN¥97.8 billion |
As reported in its annual filings, in CNY. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Economic context: 3 measures for China, every year since 2016, from the official sources.
- Peer comparison: against 74 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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