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PDD HOLDINGS INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings. Page generated 02 October 2026.

  • 12Reported items
  • 135Asset managers
  • 2,535Fund votes
  • 2024-12-20Meeting date

Proxy season: 2024-2025 2025-2026

Explore PDD HOLDINGS INC. in the interactive database Compare manager voting policies

How asset managers voted at the PDD HOLDINGS INC. 2024-2025 meeting

Each item below shows how the 135 asset managers that disclosed a PDD HOLDINGS INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of PDD HOLDINGS INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. As an ordinary resolution: THAT Dr. Ivonne M.C.M. Rietjens be re-elected as a director of the Company.

DIRECTOR ELECTIONS

97% fund support · no official result

FOR 97%

The 86 asset managers below cast 97% of the shares they voted on this item FOR (57,043,836 for, 2,014,593 against).

FOR: 57,043,836 (96.6%)AGAINST: 2,014,593 (3.4%)
Largest asset managers voting on “As an ordinary resolution: THAT Dr. Ivonne M.C.M. Rietjens be re-elected as a director of the Company.” at PDD HOLDINGS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard21,066,4650 00For
Fidelity18,168,06357,461 00For
TIAA2,603,1090 00For
Dimensional2,133,6000 00For
T. Rowe Price01,839,865 00Against
EUPAC FUND1,636,9650 00For
State Street1,324,51546 00For
First Trust1,116,4740 00For
Delaware/Macquarie1,100,0000 00For
ProShares772,4050 00For
Artisan734,9510 00For
AllianceBernstein531,6400 00For
American Century525,3310 00For
Capital Group514,1890 00For
Victory Capital348,4740 00For
MATTHEWS INTERNATIONAL FUNDS337,6300 00For
BNY Mellon290,8170 00For
MFS270,6320 00For
WisdomTree252,6420 00For
Principal216,0350 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST201,2770 00For
Northern Trust170,1030 00For
Columbia Threadneedle158,7830 00For
Guggenheim153,2950 00For
Morgan Stanley148,6990 00For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

2. As an ordinary resolution: THAT Mr. Anthony Kam Ping Leung be re-elected as a director of the Company.

DIRECTOR ELECTIONS

97% fund support · no official result

FOR 97%

The 86 asset managers below cast 97% of the shares they voted on this item FOR (57,033,860 for, 2,024,569 against).

FOR: 57,033,860 (96.6%)AGAINST: 2,024,569 (3.4%)
Largest asset managers voting on “As an ordinary resolution: THAT Mr. Anthony Kam Ping Leung be re-elected as a director of the Company.” at PDD HOLDINGS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard21,066,4650 00For
Fidelity18,168,06357,461 00For
TIAA2,603,1090 00For
Dimensional2,133,6000 00For
T. Rowe Price01,839,865 00Against
EUPAC FUND1,636,9650 00For
State Street1,324,51546 00For
First Trust1,116,4740 00For
Delaware/Macquarie1,100,0000 00For
ProShares772,4050 00For
Artisan734,9510 00For
AllianceBernstein531,6400 00For
American Century525,3310 00For
Capital Group514,1890 00For
Victory Capital348,4740 00For
MATTHEWS INTERNATIONAL FUNDS337,6300 00For
BNY Mellon290,8170 00For
MFS270,6320 00For
WisdomTree252,6420 00For
Principal206,0599,976 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST201,2770 00For
Northern Trust170,1030 00For
Columbia Threadneedle158,7830 00For
Guggenheim153,2950 00For
Morgan Stanley148,6990 00For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

3. As an ordinary resolution: THAT Mr. George Yong-Boon Yeo be re-elected as a director of the Company.

DIRECTOR ELECTIONS

95% fund support · no official result

FOR 95%

The 86 asset managers below cast 95% of the shares they voted on this item FOR (56,151,034 for, 2,907,395 against).

FOR: 56,151,034 (95.1%)AGAINST: 2,907,395 (4.9%)
Largest asset managers voting on “As an ordinary resolution: THAT Mr. George Yong-Boon Yeo be re-elected as a director of the Company.” at PDD HOLDINGS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard21,066,4650 00For
Fidelity18,168,06357,461 00For
TIAA2,603,1090 00For
Dimensional2,133,6000 00For
T. Rowe Price01,839,865 00Against
EUPAC FUND1,636,9650 00For
State Street1,324,51546 00For
First Trust1,116,4740 00For
Delaware/Macquarie1,100,0000 00For
ProShares772,4050 00For
Artisan734,9510 00For
AllianceBernstein531,6400 00For
American Century525,3310 00For
Capital Group514,1890 00For
Victory Capital348,4740 00For
MATTHEWS INTERNATIONAL FUNDS337,6300 00For
BNY Mellon9,405281,412 00Against
MFS270,6320 00For
WisdomTree252,6420 00For
Principal206,0599,976 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST201,2770 00For
Northern Trust0170,103 00Against
Columbia Threadneedle0158,783 00Against
Guggenheim153,2950 00For
Morgan Stanley148,6990 00For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

4. As an ordinary resolution: THAT Mr. Haifeng Lin be re-elected as a director of the Company.

DIRECTOR ELECTIONS

12% fund support · no official result

12%AGAINST 88%

The 86 asset managers below cast 12% of the shares they voted on this item FOR (7,064,687 for, 51,993,742 against).

FOR: 7,064,687 (12.0%)AGAINST: 51,993,742 (88.0%)
Largest asset managers voting on “As an ordinary resolution: THAT Mr. Haifeng Lin be re-elected as a director of the Company.” at PDD HOLDINGS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard021,066,465 00Against
Fidelity374,02717,851,497 00Against
TIAA2,603,1090 00For
Dimensional02,133,600 00Against
T. Rowe Price01,839,865 00Against
EUPAC FUND1,636,9650 00For
State Street771,324,484 00Against
First Trust01,116,474 00Against
Delaware/Macquarie01,100,000 00Against
ProShares0772,405 00Against
Artisan734,9510 00For
AllianceBernstein0531,640 00Against
American Century0525,331 00Against
Capital Group514,1890 00For
Victory Capital0348,474 00Against
MATTHEWS INTERNATIONAL FUNDS0337,630 00Against
BNY Mellon281,4129,405 00For
MFS0270,632 00Against
WisdomTree0252,642 00Against
Principal0216,035 00Against
CAUSEWAY CAPITAL MANAGEMENT TRUST0201,277 00Against
Northern Trust170,1030 00For
Columbia Threadneedle158,7830 00For
Guggenheim0153,295 00Against
Morgan Stanley148,6990 00For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

5. As an ordinary resolution: THAT Mr. Jiazhen Zhao be re-elected as a director of the Company.

DIRECTOR ELECTIONS

17% fund support · no official result

FOR 17%AGAINST 83%

The 86 asset managers below cast 17% of the shares they voted on this item FOR (10,139,433 for, 48,918,996 against).

FOR: 10,139,433 (17.2%)AGAINST: 48,918,996 (82.8%)
Largest asset managers voting on “As an ordinary resolution: THAT Mr. Jiazhen Zhao be re-elected as a director of the Company.” at PDD HOLDINGS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard021,066,465 00Against
Fidelity431,48817,794,036 00Against
TIAA2,603,1090 00For
Dimensional02,133,600 00Against
T. Rowe Price1,839,8650 00For
EUPAC FUND1,636,9650 00For
State Street771,324,484 00Against
First Trust01,116,474 00Against
Delaware/Macquarie01,100,000 00Against
ProShares0772,405 00Against
Artisan734,9510 00For
AllianceBernstein531,6400 00For
American Century0525,331 00Against
Capital Group514,1890 00For
Victory Capital0348,474 00Against
MATTHEWS INTERNATIONAL FUNDS0337,630 00Against
BNY Mellon281,4129,405 00For
MFS270,6320 00For
WisdomTree0252,642 00Against
Principal9,976206,059 00Against
CAUSEWAY CAPITAL MANAGEMENT TRUST0201,277 00Against
Northern Trust170,1030 00For
Columbia Threadneedle158,7830 00For
Guggenheim0153,295 00Against
Morgan Stanley148,6990 00For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

6. As an ordinary resolution: THAT Mr. Lei Chen be re-elected as a director of the Company.

DIRECTOR ELECTIONS

17% fund support · no official result

FOR 17%AGAINST 83%

The 86 asset managers below cast 17% of the shares they voted on this item FOR (10,019,507 for, 49,038,922 against).

FOR: 10,019,507 (17.0%)AGAINST: 49,038,922 (83.0%)
Largest asset managers voting on “As an ordinary resolution: THAT Mr. Lei Chen be re-elected as a director of the Company.” at PDD HOLDINGS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard021,066,465 00Against
Fidelity431,48817,794,036 00Against
TIAA2,603,1090 00For
Dimensional02,133,600 00Against
T. Rowe Price1,839,8650 00For
EUPAC FUND1,636,9650 00For
State Street771,324,484 00Against
First Trust01,116,474 00Against
Delaware/Macquarie01,100,000 00Against
ProShares0772,405 00Against
Artisan734,9510 00For
AllianceBernstein531,6400 00For
American Century0525,331 00Against
Capital Group514,1890 00For
Victory Capital0348,474 00Against
MATTHEWS INTERNATIONAL FUNDS0337,630 00Against
BNY Mellon281,4129,405 00For
MFS270,6320 00For
WisdomTree0252,642 00Against
Principal9,976206,059 00Against
CAUSEWAY CAPITAL MANAGEMENT TRUST0201,277 00Against
Northern Trust170,1030 00For
Columbia Threadneedle158,7830 00For
Guggenheim0153,295 00Against
Morgan Stanley148,6990 00For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

7. THAT Dr. Ivonne M.C.M. Rietjens be re-elected as a director of the Company.

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99% fund support · no official result

FOR 98%

The 54 asset managers below cast 99% of the shares they voted on this item FOR (29,126,714 for, 421,284 against).

FOR: 29,126,714 (98.5%)AGAINST: 421,284 (1.4%)ABSTAIN: 33,213 (0.1%)
Largest asset managers voting on “THAT Dr. Ivonne M.C.M. Rietjens be re-elected as a director of the Company.” at PDD HOLDINGS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock12,374,8420 00For
Vanguard9,470,4430 00For
Krane Shares Trust3,058,0730 00For
BAILLIE GIFFORD FUNDS1,003,0370 00For
Charles Schwab926,3010 00For
Jackson National614,44837,572 00For
Global X583,6080 00For
JPMorgan0362,371 00Against
Hartford246,1450 00For
John Hancock151,9250 00For
Russell Investments80,9780 00For
MASTER INVESTMENT PORTFOLIO73,7300 00For
VanEck Funds68,0000 00For
NEOS ETF Trust45,2420 00For
SEI44,2210 00For
Fidelity40,7590 00For
VanEck ETF Trust37,7120 00For
TRUST FOR PROFESSIONAL MANAGERS35,3020 00For
Pacer Funds Trust33,1160 00For
Innovator ETFs Trust23,9980 00For
CARILLON SERIES TRUST22,5000 00For
FengHe Fund Management Pte. Ltd.00 21,3000Abstain
Neuberger Berman020,800 00Against
Listed Funds Trust20,6660 00For
Brookfield Investment Funds20,0310 00For

Showing the 25 largest of 54 asset managers. See all 54 in the interactive database.

8. THAT Mr. Anthony Kam Ping Leung be re-elected as a director of the Company.

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

83% fund support · no official result

FOR 83%AGAINST 17%

The 54 asset managers below cast 83% of the shares they voted on this item FOR (24,408,192 for, 5,139,805 against).

FOR: 24,408,192 (82.5%)AGAINST: 5,139,805 (17.4%)ABSTAIN: 33,213 (0.1%)
Largest asset managers voting on “THAT Mr. Anthony Kam Ping Leung be re-elected as a director of the Company.” at PDD HOLDINGS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock12,374,8420 00For
Vanguard9,470,4430 00For
Krane Shares Trust03,058,073 00Against
BAILLIE GIFFORD FUNDS1,003,0370 00For
Charles Schwab0926,301 00Against
Jackson National618,84533,175 00For
Global X0583,608 00Against
JPMorgan362,3710 00For
Hartford27,695218,450 00Against
John Hancock151,9250 00For
Russell Investments80,9780 00For
MASTER INVESTMENT PORTFOLIO73,7300 00For
VanEck Funds068,000 00Against
NEOS ETF Trust44,1161,126 00For
SEI044,221 00Against
Fidelity040,759 00Against
VanEck ETF Trust037,712 00Against
TRUST FOR PROFESSIONAL MANAGERS35,3020 00For
Pacer Funds Trust33,1160 00For
Innovator ETFs Trust023,998 00Against
CARILLON SERIES TRUST22,5000 00For
FengHe Fund Management Pte. Ltd.00 21,3000Abstain
Neuberger Berman020,800 00Against
Listed Funds Trust20,6660 00For
Brookfield Investment Funds20,0310 00For

Showing the 25 largest of 54 asset managers. See all 54 in the interactive database.

9. THAT Mr. George Yong-Boon Yeo be re-elected as a director of the Company.

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

81% fund support · no official result

FOR 81%AGAINST 19%

The 54 asset managers below cast 81% of the shares they voted on this item FOR (23,921,637 for, 5,626,355 against).

FOR: 23,921,637 (80.9%)AGAINST: 5,626,355 (19.0%)ABSTAIN: 33,218 (0.1%)
Largest asset managers voting on “THAT Mr. George Yong-Boon Yeo be re-elected as a director of the Company.” at PDD HOLDINGS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock12,374,8420 00For
Vanguard9,463,1297,314 00For
Krane Shares Trust03,058,073 00Against
BAILLIE GIFFORD FUNDS1,003,0370 00For
Charles Schwab0926,301 00Against
Jackson National614,44837,572 00For
Global X0583,608 00Against
JPMorgan0362,371 00Against
Hartford0246,145 00Against
John Hancock151,9250 00For
Russell Investments080,978 00Against
MASTER INVESTMENT PORTFOLIO73,7300 00For
VanEck Funds068,000 00Against
NEOS ETF Trust44,1161,126 00For
SEI044,221 00Against
Fidelity040,759 00Against
VanEck ETF Trust037,712 00Against
TRUST FOR PROFESSIONAL MANAGERS35,3020 00For
Pacer Funds Trust33,1160 00For
Innovator ETFs Trust023,998 00Against
CARILLON SERIES TRUST22,5000 00For
FengHe Fund Management Pte. Ltd.00 21,3000Abstain
Neuberger Berman020,800 00Against
Listed Funds Trust20,6660 00For
Brookfield Investment Funds20,0310 00For

Showing the 25 largest of 54 asset managers. See all 54 in the interactive database.

10. THAT Mr. Haifeng Lin be re-elected as a director of the Company.

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

82% fund support · no official result

FOR 81%AGAINST 18%

The 54 asset managers below cast 82% of the shares they voted on this item FOR (24,100,551 for, 5,447,446 against).

FOR: 24,100,551 (81.5%)AGAINST: 5,447,446 (18.4%)ABSTAIN: 33,213 (0.1%)
Largest asset managers voting on “THAT Mr. Haifeng Lin be re-elected as a director of the Company.” at PDD HOLDINGS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock12,374,8420 00For
Vanguard9,470,4430 00For
Krane Shares Trust03,058,073 00Against
BAILLIE GIFFORD FUNDS1,003,0370 00For
Charles Schwab0926,301 00Against
Jackson National205,593446,427 00Against
Global X0583,608 00Against
JPMorgan362,3710 00For
Hartford246,1450 00For
John Hancock0151,925 00Against
Russell Investments80,9780 00For
MASTER INVESTMENT PORTFOLIO73,7300 00For
VanEck Funds068,000 00Against
NEOS ETF Trust45,2420 00For
SEI044,221 00Against
Fidelity40,7590 00For
VanEck ETF Trust037,712 00Against
TRUST FOR PROFESSIONAL MANAGERS35,3020 00For
Pacer Funds Trust33,1160 00For
Innovator ETFs Trust23,9980 00For
CARILLON SERIES TRUST022,500 00Against
FengHe Fund Management Pte. Ltd.00 21,3000Abstain
Neuberger Berman020,800 00Against
Listed Funds Trust20,6660 00For
Brookfield Investment Funds20,0310 00For

Showing the 25 largest of 54 asset managers. See all 54 in the interactive database.

11. THAT Mr. Jiazhen Zhao be re-elected as a director of the Company.

DIRECTOR ELECTIONS

98% fund support · no official result

FOR 98%

The 54 asset managers below cast 98% of the shares they voted on this item FOR (28,926,975 for, 621,022 against).

FOR: 28,926,975 (97.8%)AGAINST: 621,022 (2.1%)ABSTAIN: 33,213 (0.1%)
Largest asset managers voting on “THAT Mr. Jiazhen Zhao be re-elected as a director of the Company.” at PDD HOLDINGS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock12,374,8420 00For
Vanguard9,470,4430 00For
Krane Shares Trust3,058,0730 00For
BAILLIE GIFFORD FUNDS1,003,0370 00For
Charles Schwab926,3010 00For
Jackson National238,768413,252 00Against
Global X583,6080 00For
JPMorgan362,3710 00For
Hartford246,1450 00For
John Hancock0151,925 00Against
Russell Investments80,9780 00For
MASTER INVESTMENT PORTFOLIO73,7300 00For
VanEck Funds68,0000 00For
NEOS ETF Trust45,2420 00For
SEI44,2210 00For
Fidelity40,7590 00For
VanEck ETF Trust37,7120 00For
TRUST FOR PROFESSIONAL MANAGERS35,3020 00For
Pacer Funds Trust33,1160 00For
Innovator ETFs Trust23,9980 00For
CARILLON SERIES TRUST022,500 00Against
FengHe Fund Management Pte. Ltd.00 21,3000Abstain
Neuberger Berman20,8000 00For
Listed Funds Trust20,6660 00For
Brookfield Investment Funds20,0310 00For

Showing the 25 largest of 54 asset managers. See all 54 in the interactive database.

12. THAT Mr. Lei Chen be re-elected as a director of the Company.

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

98% fund support · no official result

FOR 98%

The 54 asset managers below cast 98% of the shares they voted on this item FOR (28,911,580 for, 636,418 against).

FOR: 28,911,580 (97.7%)AGAINST: 636,418 (2.2%)ABSTAIN: 33,213 (0.1%)
Largest asset managers voting on “THAT Mr. Lei Chen be re-elected as a director of the Company.” at PDD HOLDINGS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock12,374,8420 00For
Vanguard9,470,4430 00For
Krane Shares Trust3,058,0730 00For
BAILLIE GIFFORD FUNDS1,003,0370 00For
Charles Schwab926,3010 00For
Jackson National238,768413,252 00Against
Global X583,6080 00For
JPMorgan362,3710 00For
Hartford246,1450 00For
John Hancock0151,925 00Against
Russell Investments80,9780 00For
MASTER INVESTMENT PORTFOLIO73,7300 00For
VanEck Funds68,0000 00For
NEOS ETF Trust44,1161,126 00For
SEI44,2210 00For
Fidelity40,7590 00For
VanEck ETF Trust37,7120 00For
TRUST FOR PROFESSIONAL MANAGERS35,3020 00For
Pacer Funds Trust33,1160 00For
Innovator ETFs Trust23,9980 00For
CARILLON SERIES TRUST022,500 00Against
FengHe Fund Management Pte. Ltd.00 21,3000Abstain
Neuberger Berman20,8000 00For
Listed Funds Trust20,6660 00For
Brookfield Investment Funds20,0310 00For

Showing the 25 largest of 54 asset managers. See all 54 in the interactive database.

Largest PDD HOLDINGS INC. shareholders voting in 2024-2025

Ranked by the number of PDD HOLDINGS INC. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 5,503,491,148 shares outstanding at the time of that meeting.

Top PDD HOLDINGS INC. shareholders by shares voted, 2024-2025
#Asset manager % of shares outstanding
1Vanguard 0.38%
2Fidelity 0.33%
3TIAA 0.05%
4Dimensional 0.04%
5T. Rowe Price 0.03%
6EUPAC FUND 0.03%
7State Street 0.02%
8First Trust 0.02%
9Delaware/Macquarie 0.02%
10ProShares 0.01%

Reported PDD HOLDINGS INC. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

PDD HOLDINGS INC. beneficial owners on record for the 2024-2025 proxy season
Holder % outstanding Disclosure
BlackRock 0.61% 13F
Vanguard Group 0.53% 13F
FMR (Fidelity) 0.50% 13F
Goldman Sachs 0.32% 13F
Citadel Advisors 0.23% 13F
State Street 0.21% 13F
Norges Bank 0.13% 13F
T. Rowe Price 0.13% 13F
JPMorgan Chase 0.12% 13F
Morgan Stanley 0.11% 13F

Percentages above are of 5,503,491,148 shares outstanding, as reported by PDD HOLDINGS INC. on its Form 20-F dated 2023-12-31 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from PDD HOLDINGS INC.’s 20-F dated 2023-12-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At PDD HOLDINGS INC.'s shareholder meeting held 2024-12-20, in the 2024-2025 proxy season, 135 asset managers reported how they voted in their SEC Form N-PX filings, covering 2,535 separate fund positions. Their filings are grouped here into 12 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — As an ordinary resolution: THAT Dr. Ivonne M.C.M. Rietjens be re-elected as a director of the… — the reporting funds cast 97% of the shares they voted in favour (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

PDD HOLDINGS INC. proxy season coverage: 2024-2025 (this page) · 2025-2026.