PDD(PDD) - 2025 Q4 - Earnings Call Transcript

PDD (NasdaqGS:PDD) Q4 2025 Earnings call March 25, 2026 07:30 AM ET Company ParticipantsAlicia Yap - Managing DirectorJiazhen Zhao - Co-Chairman and Co-CEOJiong Li - Financial DirectorKenneth Fong - Managing DirectorLei Chen - Co-Chairman and Co-CEONone - Company RepresentativeNone - TranslatorConference Call ParticipantsJoyce Ju - VP and Equity AnalystOperatorLadies and gentlemen, thank you for standing by and welcome to PDD Holdings Inc. fourth quarter and fiscal year 2025 earnings conference call. At thi ...