# PDD Holdings funding: rounds and investors

> PDD Holdings has raised $1.1B across 1 round since 2020. Investors include IDG Capital, HSG and Hill House Capital. Every round with its source.

Source: https://millionrounds.com/company/pdd-holdings (Millionrounds; every figure on the page links to its filing or article)

[Funded startup](https://millionrounds.com/companies)

# Who invested in *PDD Holdings*

One round we have observed, with the 5 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

E-commerce

Funding summary Updated 26 Oct 2026

**$1.1B** raised across 1 round since 2020, from 1 source

- **Latest round:** Round, $1.1B Mar 2020
- **Investors:** 5

See who backed them

## The rounds

- **Mar 2020** Round **$1.1B** [IDG Capital](https://millionrounds.com/fund/idg-capital) [HSG](https://millionrounds.com/fund/hsg) [Hill House Capital](https://millionrounds.com/fund/hill-house-capital) [Cathay Innovation](https://millionrounds.com/fund/cathay-innovation) [Cathay Capital](https://millionrounds.com/fund/cathay-capital) Source recorded

## Everyone who backed them

[IDG Capital](https://millionrounds.com/fund/idg-capital) Private equity **1** round

[HSG](https://millionrounds.com/fund/hsg) VC firm **1** round

[Hill House Capital](https://millionrounds.com/fund/hill-house-capital) Family office **1** round

[Cathay Innovation](https://millionrounds.com/fund/cathay-innovation) VC firm **1** round

[Cathay Capital](https://millionrounds.com/fund/cathay-capital) Private equity **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=pdd-holdings).

## Quick answers about PDD Holdings

### Who invested in PDD Holdings?

PDD Holdings's investors include IDG Capital, HSG, Hill House Capital, Cathay Innovation and Cathay Capital.

### How much has PDD Holdings raised?

PDD Holdings has raised $1.1B across 1 round since 2020.

### When did PDD Holdings last raise?

PDD Holdings's most recent round was an Undisclosed round of $1.1B in Mar 2020.

### What was PDD Holdings's biggest round?

Its most recent round, $1.1B in Mar 2020, is also its largest on record.

### Who backed PDD Holdings first?

PDD Holdings's first round on record, in Mar 2020, was backed by IDG Capital, HSG and Hill House Capital and 2 others.

### What stage is PDD Holdings at?

PDD Holdings's latest named round is an Undisclosed round, in Mar 2020.

## Companies like PDD Holdings

In the same sector, and raised in the last eighteen months.

[**Tru** $7.8M · Sept 2026](https://millionrounds.com/company/tru)[**Neato** $25M · May 2026](https://millionrounds.com/company/neato)[**RXC** $4.8M · Jan 2026](https://millionrounds.com/company/rxc)[**Flora Lounge** Jan 2026](https://millionrounds.com/company/flora-lounge)[**Lorazzo** $546K · Jan 2026](https://millionrounds.com/company/lorazzo)[**Secret Alchemist** $2.5M · Jan 2026](https://millionrounds.com/company/secret-alchemist)

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