LIVE
JD
JD.com, Inc. · Technology
$27.57
-14.85% this month
VERSUS
⟷
COMPARE
PDD
PDD Holdings Inc. · Technology
$79.56
-18.27% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
JD
3
PDD
1
Comparison scoreboard
JD LEADS 3/5AI Score
JD 40.8
PDD ✓42.0
1Y Return
JD ✓-12.14%
PDD -22.19%
Fwd P/E
JD ✓0.94
PDD 0.95
Target Up.
JD ✓+49.85%
PDD +48.51%
Op. Margin
JD N/A
PDD N/A
Metrics last refreshed: 6/20/2026
Quick take
JD vs PDD Stock Comparison: AI Score, Valuation, Performance and Upside
JD.com and PDD Holdings are both major China e-commerce players with fundamentally different models. JD competes on authenticity, fulfillment speed, and service quality. PDD competes on price — offering factory-direct pricing that's impossible to match with JD's inventory model. PDD has been growing faster and taking market share, while JD's premium service model defends in categories where product authenticity matters most.
JD vs PDD is the China e-commerce fulfillment leader with owned logistics, authentic product guarantee, and electronics dominance serving quality-conscious Chinese consumers (JD.com) versus the value disruption platform using factory-direct Pinduoduo market share gains in China and Temu global expansion targeting price-sensitive consumers worldwide (PDD Holdings) — premium fulfillment quality vs ultra-value factory-direct disruption.
Live analysis · updated 6/20/2026
JD holds the edge across 3 of 5 key metrics in this comparison. JD leads on both 1-year return (-12.14%) and forward P/E (0.94x vs 0.95x for PDD), a relatively favorable combination of momentum and valuation. Analyst consensus implies similar upside for both: +49.85% for JD and +48.51% for PDD.
Normalized 1Y performance
JD
PDD
Recent returns
JD
PDD
Analyst price targets & sentiment
JD · 36 analysts
STRONG BUYHOLDSTRONG SELL
Strong Buy (1.4/5.0)
Price target range
analyst low$27.10
analyst high$61.23
analyst mean$41.31
current price$27.57
+49.9% upside to analyst mean
PDD · 34 analysts
STRONG BUYHOLDSTRONG SELL
Buy (1.9/5.0)
Price target range
analyst low$86.90
analyst high$170.27
analyst mean$118.15
current price$79.56
+48.5% upside to analyst mean
Who should consider this stock?
JD may suit investors who:
- →prefer China's e-commerce fulfillment quality leader with same-day delivery, authenticity guarantees, and electronics/appliance category dominance serving value-conscious but quality-demanding consumers
- →value JD Logistics as a separately monetizable business building scale beyond JD.com to serve third-party merchants and businesses
- →want China tech exposure to a more defensive e-commerce model — JD's premium service appeal is more durable than pure commodity value during China consumer confidence recoveries
- →are comfortable with China macro consumer slowdown reducing electronics purchases, PDD market share pressure in value segments, and inventory model working capital risk
PDD may suit investors who:
- →prefer China's highest-growth e-commerce company with Pinduoduo's factory-direct disruption continuing to take market share and Temu creating global e-commerce distribution
- →value PDD's demonstrated ability to rapidly take Chinese e-commerce market share from larger incumbents — outgrowing JD and Alibaba consistently on order volume
- →want global e-commerce disruption exposure through Temu's aggressive expansion attempting to replicate Pinduoduo's factory-direct model for US, European, and global consumers
- →are comfortable with Temu profitability uncertainty, US-China trade tariff risk to de minimis duty exemptions, and China regulatory risk as PDD's scale attracts government attention
Performance & AI score
| Metric | JD | PDD |
|---|---|---|
| AI score | 40.8 | 42.0 |
| AI rank | #1012 | #899 |
| Latest close | $27.57 | $79.56 |
| 1M return | -14.85% | -18.27% |
| 6M return | -0.16% | -24.23% |
| 1Y return | -12.14% | -22.19% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | JD | PDD |
|---|---|---|
| 1Y ago | $9.1K (-9.0%) started 2025-06-18 | $7.78K (-22.2%) started 2025-06-18 |
| 5Y ago | $5.05K (-49.5%) started 2021-06-18 | $6.36K (-36.4%) started 2021-06-18 |
| 10Y ago | $17.17K (+71.7%) started 2016-06-20 | $29.8K (+198.0%) started 2018-07-26 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | JD | PDD |
|---|---|---|
| Market cap | $37.23B | $113.25B |
| Trailing P/E | 20.12 | 8.36 |
| Forward P/E | 0.94 | 0.95 |
| Price/Sales | 0.03 | 0.26 |
| EV/Revenue | 0.01 | -0.71 |
| Analyst target | $41.31 | $118.15 |
| Target upside | +49.85% | +48.51% |
Growth, profitability & risk
| Metric | JD | PDD |
|---|---|---|
| Revenue growth | 4.90% | 11.00% |
| Earnings growth | -50.70% | -14.90% |
| EPS growth | -50.70% | -14.90% |
| FCF margin | +0.53% | +16.19% |
| Operating margin | N/A | N/A |
| Profit margin | 1.05% | 21.62% |
| ROIC proxy | 6.00% | 25.40% |
| Return on equity | 6.00% | 25.40% |
| Dividend yield | 3.52% | 0.00% |
| Beta | 0.38 | -0.03 |
| Debt/equity | 38.48 | 1.21 |
| Current ratio | 1.18 | 2.54 |
| Quick ratio | 0.74 | 2.13 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
JD max drawdown29.78%
PDD max drawdown42.40%
JD max wkly drop10.23%
PDD max wkly drop16.02%
5Y risk snapshot
JD max drawdown75.63%
PDD max drawdown80.88%
JD max wkly drop29.05%
PDD max wkly drop38.90%
10Y risk snapshot
JD max drawdown79.12%
PDD max drawdown87.41%
JD max wkly drop29.05%
PDD max wkly drop38.90%
Performance metrics by period
| Period | Metric | JD | PDD |
|---|---|---|---|
| 1Y | Growth | -12.14% | -22.19% |
| CAGR | -12.15% | -22.20% | |
| Sharpe ratio | -0.39 | -0.75 | |
| Max drawdown | 29.78% | 42.40% | |
| Max daily drop | 6.24% | 10.38% | |
| Max wkly drop | 10.23% | 16.02% | |
| 5Y | Growth | -56.06% | -36.37% |
| CAGR | -15.17% | -8.65% | |
| Sharpe ratio | -0.13 | 0.13 | |
| Max drawdown | 75.63% | 80.88% | |
| Max daily drop | 15.83% | 28.51% | |
| Max wkly drop | 29.05% | 38.90% | |
| 10Y | Growth | +49.41% | +197.98% |
| CAGR | +4.10% | +14.83% | |
| Sharpe ratio | 0.22 | 0.47 | |
| Max drawdown | 79.12% | 87.41% | |
| Max daily drop | 15.83% | 28.51% | |
| Max wkly drop | 29.05% | 38.90% |
Business comparison
| Category | JD | PDD |
|---|---|---|
| Company | JD.com, Inc. | PDD Holdings Inc. |
| Sector | Technology | Technology |
| Industry | N/A | N/A |
| Core business | JD.com is China's second-largest e-commerce company by revenue and the leader in fulfilled e-commerce — it owns warehouses, logistics fleets, and last-mile delivery nationwide. JD's model is self-operated: JD buys inventory, stores it in 1,500+ warehouses, and delivers directly to consumers — guaranteeing authenticity and same-day or next-day delivery in major cities. JD's consumer electronics and appliance category leadership is based on this authenticity guarantee. JD Logistics is now a separately listed business that serves third-party customers beyond JD.com. | PDD Holdings operates Pinduoduo (China's second-largest e-commerce platform by order volume) and Temu (aggressive global cross-border expansion). Pinduoduo's factory-direct model eliminates supply chain intermediaries — connecting consumers directly to manufacturers for extreme value pricing. Temu replicates this model globally, offering Chinese-manufactured goods to US and European consumers at dramatically reduced prices. PDD has consistently taken market share from both JD.com and Alibaba by serving price-sensitive Chinese consumers with group-buying mechanics and agricultural goods. |
| Investor focus | Investors track active customer count, annual revenue growth, gross margin, and JD Logistics external customer growth as a separate business. | Investors track Pinduoduo China GMV and active buyers, Temu global expansion and profitability, and PDD's overall revenue growth trajectory. |
JD strengths
- →Fulfillment excellence: JD's owned logistics enable same-day delivery in 100+ cities and authentic product guarantees — premium attributes Chinese consumers increasingly value
- →Electronics and appliance category dominance: JD's authenticity guarantee is especially valued in high-value purchases where counterfeit risk matters most
- →JD Logistics as separate business: the logistics operation that powers JD.com also serves external customers, creating an asset-monetization growth business
PDD strengths
- →Value disruption model wins Chinese market share: Pinduoduo's factory-direct pricing consistently undercuts JD and Alibaba for price-sensitive Chinese consumers seeking maximum value
- →Agricultural products and rural market penetration: PDD dominated China's agricultural goods e-commerce — a category JD and Alibaba underserved — building a massive rural consumer base
- →Temu's global reach: Temu is among the most downloaded apps in the US, Europe, and globally — creating a new consumer segment of value-oriented shoppers comfortable with direct-from-China shipping
Risks to watch — JD
- →PDD's Pinduoduo growth has taken consumer attention in the value segments that JD previously served at different price points
- →China macro consumer slowdown reduces discretionary electronics and appliance purchases that are JD's core categories
- →JD's inventory model carries higher working capital risk than marketplace models — inventory write-downs and excess stock create margin pressure
Risks to watch — PDD
- →Temu's profitability is uncertain: massive US marketing spend (Super Bowl ads) and below-cost merchandise create losses that PDD cross-subsidizes from Pinduoduo profits — this is unsustainable indefinitely
- →US-China trade tensions and potential tariffs are existential risk to Temu's model — de minimis duty exceptions enabling Temu's low-cost shipping to US consumers could be eliminated
- →Regulatory risk in China: PDD faces increasing regulatory scrutiny as Pinduoduo's scale grows — Chinese big tech regulation has affected Alibaba and could similarly constrain PDD
Frequently asked questions
Free public comparison
Want deeper AI forecasts?
This comparison page is public and free forever. Subscribers can unlock saved watchlists, full AI rankings, detailed forecasts, and interactive analysis tools.
Related comparisons
More comparisons
Browse all 1,000 comparisons →