• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form SC 13G/A filed by PDD Holdings Inc. (Amendment)

    2/14/23 4:05:17 PM ET
    $PDD
    Business Services
    Consumer Discretionary
    Get the next $PDD alert in real time by email
    SC 13G/A 1 d361655dsc13ga.htm SC 13G/A SC 13G/A

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

    SCHEDULE 13G

    (Rule 13d-102)

    Information Statement Pursuant to Rules 13d-1 and 13d-2

    Under the Securities Exchange Act of 1934

    (Amendment No. 2)*

     

     

    Pinduoduo Inc.

    (Name of Issuer)

    Class A Ordinary Shares, par value $0.000005 per share

    (Title of Class of Securities)

    722304102**

    (CUSIP Number)

    December 31, 2022

    (Date of Event Which Requires Filing of this Statement)

     

     

    Check the appropriate box to designate the rule pursuant to which this schedule is filed:

    ☐ Rule 13d-1(b)

    ☐ Rule 13d-1(c)

    ☒ Rule 13d-1(d)

     

    *

    The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

    **

    This CUSIP number applies to the Issuer’s American depositary shares, each representing four Class A Ordinary Shares.

    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     

     


      1    

      NAME OF REPORTING PERSON

     

      SCC GROWTH IV HOLDCO A, LTD. (“SCCG HOLDCO IV-A”)

      2  

      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

      (a)  ☐        (b)  ☐

     

      3  

      SEC USE ONLY

     

      4  

      CITIZENSHIP OR PLACE OF ORGANIZATION

     

      CAYMAN ISLANDS

    NUMBER OF

    SHARES

     BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

       5     

      SOLE VOTING POWER

     

      0

       6   

      SHARED VOTING POWER

     

      67,817,696

       7   

      SOLE DISPOSITIVE POWER

     

      0

       8   

      SHARED DISPOSITIVE POWER

     

      67,817,696

      9    

      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

      67,817,696

    10  

      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

      ☐

    11  

      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

      1.3%1

    12  

      TYPE OF REPORTING PERSON

     

      OO

     

    1 

    Based on a total of 5,057,542,676 Class A ordinary shares outstanding as of December 31, 2021, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2022.


      1    

      NAME OF REPORTING PERSON

     

      SEQUOIA CAPITAL CHINA GROWTH FUND V, L.P. (“SCCGF V”)

      2  

      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

      (a)  ☐        (b)  ☐

     

      3  

      SEC USE ONLY

     

      4  

      CITIZENSHIP OR PLACE OF ORGANIZATION

     

      CAYMAN ISLANDS

    NUMBER OF

    SHARES

     BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

       5     

      SOLE VOTING POWER

     

      0

       6   

      SHARED VOTING POWER

     

      5,803,744

       7   

      SOLE DISPOSITIVE POWER

     

      0

       8   

      SHARED DISPOSITIVE POWER

     

      5,803,744

      9    

      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

      5,803,7441

    10  

      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

      ☐

    11  

      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

      0.1%2

    12  

      TYPE OF REPORTING PERSON

     

      PN

     

    1 

    Represented by 1,450,936 American Depositary Shares.

    2 

    Based on a total of 5,057,542,676 Class A ordinary shares outstanding as of December 31, 2021, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2022.


      1    

      NAME OF REPORTING PERSON

     

      SEQUOIA CAPITAL CHINA GROWTH PARTNERS FUND V, L.P. (“SCCGPF V”)

      2  

      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

      (a)  ☐        (b)  ☐

     

      3  

      SEC USE ONLY

     

      4  

      CITIZENSHIP OR PLACE OF ORGANIZATION

     

      CAYMAN ISLANDS

    NUMBER OF

    SHARES

     BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

       5     

      SOLE VOTING POWER

     

      0

       6   

      SHARED VOTING POWER

     

      317,868

       7   

      SOLE DISPOSITIVE POWER

     

      0

       8   

      SHARED DISPOSITIVE POWER

     

      317,868

      9    

      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

      317,8681

    10  

      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

      ☐

    11  

      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

      Less than 0.1%2

    12  

      TYPE OF REPORTING PERSON

     

      PN

     

    1 

    Represented by 79,467 American Depositary Shares.

    2 

    Based on a total of 5,057,542,676 Class A ordinary shares outstanding as of December 31, 2021, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2022.


      1    

      NAME OF REPORTING PERSON

     

      SEQUOIA CAPITAL CHINA GROWTH V PRINCIPALS FUND, L.P. (“SCCG V PF”)

      2  

      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

      (a)  ☐        (b)  ☐

     

      3  

      SEC USE ONLY

     

      4  

      CITIZENSHIP OR PLACE OF ORGANIZATION

     

      CAYMAN ISLANDS

    NUMBER OF

    SHARES

     BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

       5     

      SOLE VOTING POWER

     

      0

       6   

      SHARED VOTING POWER

     

      248,428

       7   

      SOLE DISPOSITIVE POWER

     

      0

       8   

      SHARED DISPOSITIVE POWER

     

      248,428

      9    

      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

      248,4281

    10  

      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

      ☐

    11  

      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

      Less than 0.1%2

    12  

      TYPE OF REPORTING PERSON

     

      PN

     

    1 

    Represented by 62,107 American Depositary Shares.

    2 

    Based on a total of 5,057,542,676 Class A ordinary shares outstanding as of December 31, 2021, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2022.


      1    

      NAME OF REPORTING PERSON

     

      SEQUOIA CAPITAL CHINA GROWTH FUND IV, L.P. (“SCCGF IV”)

      2  

      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

      (a)  ☐        (b)  ☐

     

      3  

      SEC USE ONLY

     

      4  

      CITIZENSHIP OR PLACE OF ORGANIZATION

     

      CAYMAN ISLANDS

    NUMBER OF

    SHARES

     BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

       5     

      SOLE VOTING POWER

     

       6   

      SHARED VOTING POWER

     

    67,817,696 shares, of which 67,817,696 shares are directly owned by SCCG HOLDCO IV-A. SCCG HOLDCO IV-A is wholly owned by SCCGF IV.

       7   

      SOLE DISPOSITIVE POWER

     

       8   

      SHARED DISPOSITIVE POWER

     

    67,817,696 shares, of which 67,817,696 shares are directly owned by SCCG HOLDCO IV-A. SCCG HOLDCO IV-A is wholly owned by SCCGF IV.

      9    

      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

      67,817,696

    10  

      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

      ☐

    11  

      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

      1.3%1

    12  

      TYPE OF REPORTING PERSON

     

      PN

     

    1 

    Based on a total of 5,057,542,676 Class A ordinary shares outstanding as of December 31, 2021, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2022.


      1    

      NAME OF REPORTING PERSON

     

      SC CHINA GROWTH V MANAGEMENT, L.P. (“SCCG V MGMT”)

      2  

      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

      (a)  ☐        (b)  ☐

     

      3  

      SEC USE ONLY

     

      4  

      CITIZENSHIP OR PLACE OF ORGANIZATION

     

      CAYMAN ISLANDS

    NUMBER OF

    SHARES

     BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

       5     

      SOLE VOTING POWER

     

      0

       6   

      SHARED VOTING POWER

     

    6,370,0401 shares, of which 5,803,744 shares are directly owned by SCCGF V, 317,868 shares are directly owned by SCCGPF V and 248,428 shares are directly owned by SCCG V PF. The General Partner of each of SCCGF V, SCCGPF V and SCCG V PF is SCCG V MGMT.

       7   

      SOLE DISPOSITIVE POWER

     

      0

       8   

      SHARED DISPOSITIVE POWER

     

    6,370,0401 shares, of which 5,803,744 shares are directly owned by SCCGF V, 317,868 shares are directly owned by SCCGPF V and 248,428 shares are directly owned by SCCG V PF. The General Partner of each of SCCGF V, SCCGPF V and SCCG V PF is SCCG V MGMT.

      9    

      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

      6,370,0401

    10  

      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

      ☐

    11  

      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

      0.1%2

    12  

      TYPE OF REPORTING PERSON

     

      PN

     

    1 

    Represented by 1,592,510 American Depositary Shares.

    2 

    Based on a total of 5,057,542,676 Class A ordinary shares outstanding as of December 31, 2021, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2022.


      1    

      NAME OF REPORTING PERSON

     

      SC CHINA GROWTH IV MANAGEMENT, L.P. (“SCCG IV MGMT”)

      2  

      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

      (a)  ☐        (b)  ☐

     

      3  

      SEC USE ONLY

     

      4  

      CITIZENSHIP OR PLACE OF ORGANIZATION

     

      CAYMAN ISLANDS

    NUMBER OF

    SHARES

     BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

       5     

      SOLE VOTING POWER

     

      0

       6   

      SHARED VOTING POWER

     

    67,817,696 shares, of which 67,817,696 shares are directly owned by SCCG HOLDCO IV-A. SCCG HOLDCO IV-A is wholly owned by SCCGF IV. The General Partner of SCCGF IV is SCCG IV MGMT.

       7   

      SOLE DISPOSITIVE POWER

     

      0

       8   

      SHARED DISPOSITIVE POWER

     

    67,817,696 shares, of which 67,817,696 shares are directly owned by SCCG HOLDCO IV-A. SCCG HOLDCO IV-A is wholly owned by SCCGF IV. The General Partner of SCCGF IV is SCCG IV MGMT.

      9    

      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

      67,817,696

    10  

      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

      ☐

    11  

      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

      1.3%1

    12  

      TYPE OF REPORTING PERSON

     

      PN

     

    1 

    Based on a total of 5,057,542,676 Class A ordinary shares outstanding as of December 31, 2021, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2022.


      1    

      NAME OF REPORTING PERSON

     

      SC CHINA HOLDING LIMITED (“SCC HOLD”)

      2  

      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

      (a)  ☐        (b)  ☐

     

      3  

      SEC USE ONLY

     

      4  

      CITIZENSHIP OR PLACE OF ORGANIZATION

     

      CAYMAN ISLANDS

    NUMBER OF

    SHARES

     BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

       5     

      SOLE VOTING POWER

     

      0

       6   

      SHARED VOTING POWER

     

    74,187,7361 shares, of which 67,817,696 shares are directly owned by SCCG HOLDCO IV-A, 5,803,744 are directly owned by SCCGF V, 317,868 shares are directly owned by SCCGPF V and 248,428 shares are directly owned by SCCG V PF. SCCG HOLDCO IV-A is wholly owned by SCCGF IV. The General Partner of each of SCCGF V, SCCGPF V and SCCG V PF is SCCG V MGMT. The General Partner of SCCGF IV is SCCG IV MGMT. SCC HOLD is the General Partner of each of SCCG V MGMT and SCCG IV MGMT.

       7   

      SOLE DISPOSITIVE POWER

     

      0

       8   

      SHARED DISPOSITIVE POWER

     

    74,187,7361 shares, of which 67,817,696 shares are directly owned by SCCG HOLDCO IV-A, 5,803,744 are directly owned by SCCGF V, 317,868 shares are directly owned by SCCGPF V and 248,428 shares are directly owned by SCCG V PF. SCCG HOLDCO IV-A is wholly owned by SCCGF IV. The General Partner of each of SCCGF V, SCCGPF V and SCCG V PF is SCCG V MGMT. The General Partner of SCCGF IV is SCCG IV MGMT. SCC HOLD is the General Partner of each of SCCG V MGMT and SCCG IV MGMT.

      9    

      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

      74,187,7361

    10  

      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

      ☐

    11  

      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

      1.5%2

    12  

      TYPE OF REPORTING PERSON

     

      OO

     

    1 

    Represented by 1,592,510 American Depositary Shares and 67,817,696 Class A ordinary shares.

    2 

    Based on a total of 5,057,542,676 Class A ordinary shares outstanding as of December 31, 2021, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2022.


      1    

      NAME OF REPORTING PERSON

     

      SNP CHINA ENTERPRISES LIMITED (“SNP”)

      2  

      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

      (a)  ☐        (b)  ☐

     

      3  

      SEC USE ONLY

     

      4  

      CITIZENSHIP OR PLACE OF ORGANIZATION

     

      BRITISH VIRGIN ISLANDS

    NUMBER OF

    SHARES

     BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

       5     

      SOLE VOTING POWER

     

      0

       6   

      SHARED VOTING POWER

     

    74,187,736 shares, of which 67,817,696 shares are directly owned by SCCG HOLDCO IV-A, 5,803,744 are directly owned by SCCGF V, 317,868 shares are directly owned by SCCGPF V and 248,428 shares are directly owned by SCCG V PF. SCCG HOLDCO IV-A is wholly owned by SCCGF IV. The General Partner of each of SCCGF V, SCCGPF V and SCCG V PF is SCCG V MGMT. The General Partner of SCCGF IV is SCCG IV MGMT. SCC HOLD is the General Partner of each of SCCG V MGMT and SCCG IV MGMT. SNP wholly owns SCC HOLD.

       7   

      SOLE DISPOSITIVE POWER

     

      0

       8   

      SHARED DISPOSITIVE POWER

     

    74,187,736 shares, of which 67,817,696 shares are directly owned by SCCG HOLDCO IV-A, 5,803,744 are directly owned by SCCGF V, 317,868 shares are directly owned by SCCGPF V and 248,428 shares are directly owned by SCCG V PF. SCCG HOLDCO IV-A is wholly owned by SCCGF IV. The General Partner of each of SCCGF V, SCCGPF V and SCCG V PF is SCCG V MGMT. The General Partner of SCCGF IV is SCCG IV MGMT. SCC HOLD is the General Partner of each of SCCG V MGMT and SCCG IV MGMT. SNP wholly owns SCC HOLD.

      9    

      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

      74,187,736

    10  

      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

      ☐

    11  

      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

      1.5%1

    12  

      TYPE OF REPORTING PERSON

     

      OO

     

    1 

    Represented by 1,592,510 American Depositary Shares and 67,817,696 Class A ordinary shares.

    2 

    Based on a total of 5,057,542,676 Class A ordinary shares outstanding as of December 31, 2021, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2022.


      1    

      NAME OF REPORTING PERSON

     

      URM MANAGEMENT LIMITED (“URM MANAGEMENT”)

      2  

      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

      (a)  ☐        (b)  ☐

     

      3  

      SEC USE ONLY

     

      4  

      CITIZENSHIP OR PLACE OF ORGANIZATION

     

      CAYMAN ISLANDS

    NUMBER OF

    SHARES

     BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

       5     

      SOLE VOTING POWER

     

      0

       6   

      SHARED VOTING POWER

     

      0

       7   

      SOLE DISPOSITIVE POWER

     

      0

       8   

      SHARED DISPOSITIVE POWER

     

      0

      9    

      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

      0

    10  

      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

      ☐

    11  

      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

      0%

    12  

      TYPE OF REPORTING PERSON

     

      OO


      1    

      NAME OF REPORTING PERSON

     

      SC GGFII HOLDCO, LTD. (“SC GGFII HOLD”)

      2  

      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

      (a)  ☐        (b)  ☐

     

      3  

      SEC USE ONLY

     

      4  

      CITIZENSHIP OR PLACE OF ORGANIZATION

     

      CAYMAN ISLANDS

    NUMBER OF

    SHARES

     BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

       5     

      SOLE VOTING POWER

     

      0

       6   

      SHARED VOTING POWER

     

      45,048,300

       7   

      SOLE DISPOSITIVE POWER

     

      0

       8   

      SHARED DISPOSITIVE POWER

     

      45,048,300

      9    

      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

      45,048,300

    10  

      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

      ☐

    11  

      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

      0.9%1

    12  

      TYPE OF REPORTING PERSON

     

      OO

     

    1 

    Based on a total of 5,057,542,676 Class A ordinary shares outstanding as of December 31, 2021, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2022.


      1    

      NAME OF REPORTING PERSON

     

      SEQUOIA CAPITAL GLOBAL GROWTH FUND III - ENDURANCE PARTNERS, L.P. (“SC GGF III”)

      2  

      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

      (a)  ☐        (b)  ☐

     

      3  

      SEC USE ONLY

     

      4  

      CITIZENSHIP OR PLACE OF ORGANIZATION

     

      CAYMAN ISLANDS

    NUMBER OF

    SHARES

     BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

       5     

      SOLE VOTING POWER

     

      0

       6   

      SHARED VOTING POWER

     

      12,476,3641

       7   

      SOLE DISPOSITIVE POWER

     

      0

       8   

      SHARED DISPOSITIVE POWER

     

      12,476,3641

      9    

      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

      12,476,3641

    10  

      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

      ☐

    11  

      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

      0.2%2

    12  

      TYPE OF REPORTING PERSON

     

      PN

     

    1 

    Represented by 3,119,091 American Depositary Shares.

    2 

    Based on a total of 5,057,542,676 Class A ordinary shares outstanding as of December 31, 2021, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2022.


      1    

      NAME OF REPORTING PERSON

     

    SEQUOIA CAPITAL GLOBAL GROWTH FUND III - ENDURANCE PARTNERS PRINCIPALS FUND, L.P. (“SC GGPF III”)

      2  

      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

      (a)  ☐        (b)  ☐

     

      3  

      SEC USE ONLY

     

      4  

      CITIZENSHIP OR PLACE OF ORGANIZATION

     

      CAYMAN ISLANDS

    NUMBER OF

    SHARES

     BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

       5     

      SOLE VOTING POWER

     

      0

       6   

      SHARED VOTING POWER

     

      263,7241

       7   

      SOLE DISPOSITIVE POWER

     

      0

       8   

      SHARED DISPOSITIVE POWER

     

      263,7241

      9    

      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

      263,7241

    10  

      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

      ☐

    11  

      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

      Less than 0.1%2

    12  

      TYPE OF REPORTING PERSON

     

      PN

     

    1 

    Represented by 65,931 American Depositary Shares.

    2 

    Based on a total of 5,057,542,676 Class A ordinary shares outstanding as of December 31, 2021, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2022.


      1    

      NAME OF REPORTING PERSON

     

      SEQUOIA CAPITAL GLOBAL GROWTH FUND II, L.P. (“SC GGF II”)

      2  

      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

      (a)  ☐        (b)  ☐

     

      3  

      SEC USE ONLY

     

      4  

      CITIZENSHIP OR PLACE OF ORGANIZATION

     

      CAYMAN ISLANDS

    NUMBER OF

    SHARES

     BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

       5     

      SOLE VOTING POWER

     

      0

       6   

      SHARED VOTING POWER

     

    45,048,300 shares, of which 45,048,300 shares are directly owned by SC GGFII HOLD. SC GGFII HOLD is wholly owned by SC GGF II and SC GGPF II.

       7   

      SOLE DISPOSITIVE POWER

     

      0

       8   

      SHARED DISPOSITIVE POWER

     

    45,048,300 shares, of which 45,048,300 shares are directly owned by SC GGFII HOLD. SC GGFII HOLD is wholly owned by SC GGF II and SC GGPF II.

      9    

      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

      45,048,300

    10  

      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

      ☐

    11  

      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

      0.9%1

    12  

      TYPE OF REPORTING PERSON

     

      PN

     

    1 

    Based on a total of 5,057,542,676 Class A ordinary shares outstanding as of December 31, 2021, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2022.


      1    

      NAME OF REPORTING PERSON

     

      SEQUOIA CAPITAL GLOBAL GROWTH II PRINCIPALS FUND, L.P. (“SC GGPF II”)

      2  

      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

      (a)  ☐        (b)  ☐

     

      3  

      SEC USE ONLY

     

      4  

      CITIZENSHIP OR PLACE OF ORGANIZATION

     

      CAYMAN ISLANDS

    NUMBER OF

    SHARES

     BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

       5     

      SOLE VOTING POWER

     

      0

       6   

      SHARED VOTING POWER

     

    45,048,300 shares, of which 45,048,300 shares are directly owned by SC GGFII HOLD. SC GGFII HOLD is wholly owned by SC GGF II and SC GGPF II.

       7   

      SOLE DISPOSITIVE POWER

     

      0

       8   

      SHARED DISPOSITIVE POWER

     

    45,048,300 shares, of which 45,048,300 shares are directly owned by SC GGFII HOLD. SC GGFII HOLD is wholly owned by SC GGF II and SC GGPF II.

      9    

      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

      45,048,300

    10  

      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

      ☐

    11  

      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

      0.9%1

    12  

      TYPE OF REPORTING PERSON

     

      PN

     

    1 

    Based on a total of 5,057,542,676 Class A ordinary shares outstanding as of December 31, 2021, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2022.


      1    

      NAME OF REPORTING PERSON

     

      SEQUOIA CAPITAL GLOBAL GROWTH FUND III - ENDURANCE PARTNERS MANAGEMENT, L.P. (“SC GGF III MGMT”)

      2  

      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

      (a)  ☐        (b)  ☐

     

      3  

      SEC USE ONLY

     

      4  

      CITIZENSHIP OR PLACE OF ORGANIZATION

     

      CAYMAN ISLANDS

    NUMBER OF

    SHARES

     BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

       5     

      SOLE VOTING POWER

     

      0

       6   

      SHARED VOTING POWER

     

    12,740,0881 shares, of which 12,476,364 shares are directly owned by SC GGF III and 263,724 shares are directly owned by SC GGPF III. The General Partner of each of SC GGF III and SC GGPF III is SC GGF III MGMT.

       7   

      SOLE DISPOSITIVE POWER

     

      0

       8   

      SHARED DISPOSITIVE POWER

     

    12,740,0881 shares, of which 12,476,364 shares are directly owned by SC GGF III and 263,724 shares are directly owned by SC GGPF III. The General Partner of each of SC GGF III and SC GGPF III is SC GGF III MGMT.

      9    

      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

      12,740,0881

    10  

      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

      ☐

    11  

      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

      0.3%2

    12  

      TYPE OF REPORTING PERSON

     

      PN

     

    1 

    Represented by 3,185,022 American Depositary Shares.

    2 

    Based on a total of 5,057,542,676 Class A ordinary shares outstanding as of December 31, 2021, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2022.


      1    

      NAME OF REPORTING PERSON

     

      SC GLOBAL GROWTH II MANAGEMENT, L.P. (“SC GG II MGMT”)

      2  

      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

      (a)  ☐        (b)  ☐

     

      3  

      SEC USE ONLY

     

      4  

      CITIZENSHIP OR PLACE OF ORGANIZATION

     

      CAYMAN ISLANDS

    NUMBER OF

    SHARES

     BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

       5     

      SOLE VOTING POWER

     

      0

       6   

      SHARED VOTING POWER

     

    45,048,300 shares, of which 45,048,300 shares are directly owned by SC GGFII HOLD. SC GGFII HOLD is wholly owned by SC GGF II and SC GGPF II. The General Partner of each of SC GGF II and SC GGPF II is SC GG II MGMT.

       7   

      SOLE DISPOSITIVE POWER

     

      0

       8   

      SHARED DISPOSITIVE POWER

     

    45,048,300 shares, of which 45,048,300 shares are directly owned by SC GGFII HOLD. SC GGFII HOLD is wholly owned by SC GGF II and SC GGPF II. The General Partner of each of SC GGF II and SC GGPF II is SC GG II MGMT.

      9    

      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

      45,048,300

    10  

      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

      ☐

    11  

      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

      0.9%1

    12  

      TYPE OF REPORTING PERSON

     

      PN

     

    1 

    Based on a total of 5,057,542,676 Class A ordinary shares outstanding as of December 31, 2021, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2022.


      1    

      NAME OF REPORTING PERSON

     

      SC US (TTGP), LTD. (“SC US TTGP”)

      2  

      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

      (a)  ☐        (b)  ☐

     

      3  

      SEC USE ONLY

     

      4  

      CITIZENSHIP OR PLACE OF ORGANIZATION

     

      CAYMAN ISLANDS

    NUMBER OF

    SHARES

     BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

       5     

      SOLE VOTING POWER

     

      0

       6   

      SHARED VOTING POWER

     

    57,788,3881 shares, of which 45,048,300 shares are directly owned by SC GGFII HOLD, 12,476,364 shares are directly owned by SC GGF III and 263,724 shares are directly owned by SC GGPF III. SC GGFII HOLD is wholly owned by SC GGF II and SC GGPF II. The General Partner of each of SC GGF II and SC GGPF II is SC GG II MGMT. The General Partner of each of SC GGF III and SC GGPF III is SC GGF III MGMT. SC US TTGP is the General Partner of each of SC GG II MGMT and SC GGF III MGMT.

       7   

      SOLE DISPOSITIVE POWER

     

      0

       8   

      SHARED DISPOSITIVE POWER

     

    57,788,3881 shares, of which 45,048,300 shares are directly owned by SC GGFII HOLD, 12,476,364 shares are directly owned by SC GGF III and 263,724 shares are directly owned by SC GGPF III. SC GGFII HOLD is wholly owned by SC GGF II and SC GGPF II. The General Partner of each of SC GGF II and SC GGPF II is SC GG II MGMT. The General Partner of each of SC GGF III and SC GGPF III is SC GGF III MGMT. SC US TTGP is the General Partner of each of SC GG II MGMT and SC GGF III MGMT.

      9    

      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

      57,788,3881

    10  

      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

      ☐

    11  

      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

      1.1%2

    12  

      TYPE OF REPORTING PERSON

     

      OO

     

    1 

    Represented by 3,185,022 American Depositary Shares and 45,048,300 Class A ordinary shares.

    2 

    Based on a total of 5,057,542,676 Class A ordinary shares outstanding as of December 31, 2021, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2022.


      1    

      NAME OF REPORTING PERSON

     

      NEIL NANPENG SHEN (“NS”)

      2  

      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

      (a)  ☐        (b)  ☐

     

      3  

      SEC USE ONLY

     

      4  

      CITIZENSHIP OR PLACE OF ORGANIZATION

     

      HONG KONG SAR

    NUMBER OF

    SHARES

     BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

       5     

      SOLE VOTING POWER

     

      4,693,2401

       6   

      SHARED VOTING POWER

     

    74,187,7362 shares, of which 67,817,696 shares are directly owned by SCCG HOLDCO IV-A, 5,803,744 are directly owned by SCCGF V, 317,868 shares are directly owned by SCCGPF V and 248,428 shares are directly owned by SCCG V PF. SCCG HOLDCO IV-A is wholly owned by SCCGF IV. The General Partner of each of SCCGF V, SCCGPF V and SCCG V PF is SCCG V MGMT. The General Partner of SCCGF IV is SCCG IV MGMT. SCC HOLD is the General Partner of each of SCCG V MGMT and SCCG IV MGMT. SNP wholly owns SCC HOLD. NS wholly owns SNP.

       7   

      SOLE DISPOSITIVE POWER

     

      4,693,2401

       8   

      SHARED DISPOSITIVE POWER

     

    74,187,7362 shares, of which 67,817,696 shares are directly owned by SCCG HOLDCO IV-A, 5,803,744 are directly owned by SCCGF V, 317,868 shares are directly owned by SCCGPF V and 248,428 shares are directly owned by SCCG V PF. SCCG HOLDCO IV-A is wholly owned by SCCGF IV. The General Partner of each of SCCGF V, SCCGPF V and SCCG V PF is SCCG V MGMT. The General Partner of SCCGF IV is SCCG IV MGMT. SCC HOLD is the General Partner of each of SCCG V MGMT and SCCG IV MGMT. SNP wholly owns SCC HOLD. NS wholly owns SNP.

      9    

      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

      78,880,9763

    10  

      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

      ☐

    11  

      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

      1.6%4

    12  

      TYPE OF REPORTING PERSON

     

      IN

     

    1 

    Represented by 15,468 American Depositary Shares and 4,631,368 Class A ordinary shares.

    2 

    Represented by 1,592,510 American Depositary Shares and 67,817,696 Class A ordinary shares.

    3 

    Represented by 1,607,978 American Depositary Shares and 72,449,064 Class A ordinary shares.

    4 

    Based on a total of 5,057,542,676 Class A ordinary shares outstanding as of December 31, 2021, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2022.


      1    

      NAME OF REPORTING PERSON

     

      ROELOF BOTHA (“RB”)

      2  

      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

      (a)  ☐        (b)  ☐

     

      3  

      SEC USE ONLY

     

      4  

      CITIZENSHIP OR PLACE OF ORGANIZATION

     

      USA

    NUMBER OF

    SHARES

     BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

       5     

      SOLE VOTING POWER

     

      346,3021

       6   

      SHARED VOTING POWER

     

    57,788,3882 shares, of which 45,048,300 shares are directly owned by SC GGFII HOLD, 12,476,364 shares are directly owned by SC GGF III and 263,724 shares are directly owned by SC GGPF III. SC GGFII HOLD is wholly owned by SC GGF II and SC GGPF II. The General Partner of each of SC GGF II and SC GGPF II is SC GG II MGMT. The General Partner of each of SC GGF III and SC GGPF III is SC GGF III MGMT. SC US TTGP is the General Partner of each of SC GG II MGMT and SC GGF III MGMT. The directors and stockholders of SC US TTGP who exercise voting and investment discretion with respect to the shares held by SC GGFII HOLD, SC GGF III and SC GGPF III are Messrs. RB and DL.

       7   

      SOLE DISPOSITIVE POWER

     

      346,3021

       8   

      SHARED DISPOSITIVE POWER

     

    57,788,3882 shares, of which 45,048,300 shares are directly owned by SC GGFII HOLD, 12,476,364 shares are directly owned by SC GGF III and 263,724 shares are directly owned by SC GGPF III. SC GGFII HOLD is wholly owned by SC GGF II and SC GGPF II. The General Partner of each of SC GGF II and SC GGPF II is SC GG II MGMT. The General Partner of each of SC GGF III and SC GGPF III is SC GGF III MGMT. SC US TTGP is the General Partner of each of SC GG II MGMT and SC GGF III MGMT. The directors and stockholders of SC US TTGP who exercise voting and investment discretion with respect to the shares held by SC GGFII HOLD, SC GGF III and SC GGPF III are Messrs. RB and DL.

      9    

      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

      58,134,6903

    10  

      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

      ☐

    11  

      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

      1.1%4

    12  

      TYPE OF REPORTING PERSON

     

      IN

     

    1 

    Represented by 23,747 American Depositary Shares and 251,314 Class A ordinary shares.

    2 

    Represented by 3,185,022 American Depositary Shares and 45,048,300 Class A ordinary shares.

    3 

    Represented by 3,208,769 American Depositary Shares and 45,299,614 Class A ordinary shares.

    4 

    Based on a total of 5,057,542,676 Class A ordinary shares outstanding as of December 31, 2021, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2022.


      1    

      NAME OF REPORTING PERSON

     

      DOUGLAS LEONE (“DL”)

      2  

      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

      (a)  ☐        (b)  ☐

     

      3  

      SEC USE ONLY

     

      4  

      CITIZENSHIP OR PLACE OF ORGANIZATION

     

      USA

    NUMBER OF

    SHARES

     BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

       5     

      SOLE VOTING POWER

     

      0

       6   

      SHARED VOTING POWER

     

    57,788,3881 shares, of which 45,048,300 shares are directly owned by SC GGFII HOLD, 12,476,364 shares are directly owned by SC GGF III and 263,724 shares are directly owned by SC GGPF III. SC GGFII HOLD is wholly owned by SC GGF II and SC GGPF II. The General Partner of each of SC GGF II and SC GGPF II is SC GG II MGMT. The General Partner of each of SC GGF III and SC GGPF III is SC GGF III MGMT. SC US TTGP is the General Partner of each of SC GG II MGMT and SC GGF III MGMT. The directors and stockholders of SC US TTGP who exercise voting and investment discretion with respect to the shares held by SC GGFII HOLD, SC GGF III and SC GGPF III are Messrs. RB and DL.

       7   

      SOLE DISPOSITIVE POWER

     

      0

       8   

      SHARED DISPOSITIVE POWER

     

    57,788,3881 shares, of which 45,048,300 shares are directly owned by SC GGFII HOLD, 12,476,364 shares are directly owned by SC GGF III and 263,724 shares are directly owned by SC GGPF III. SC GGFII HOLD is wholly owned by SC GGF II and SC GGPF II. The General Partner of each of SC GGF II and SC GGPF II is SC GG II MGMT. The General Partner of each of SC GGF III and SC GGPF III is SC GGF III MGMT. SC US TTGP is the General Partner of each of SC GG II MGMT and SC GGF III MGMT. The directors and stockholders of SC US TTGP who exercise voting and investment discretion with respect to the shares held by SC GGFII HOLD, SC GGF III and SC GGPF III are Messrs. RB and DL.

      9    

      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

      57,788,3881

    10  

      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

      ☐

    11  

      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     

      1.1%2

    12  

      TYPE OF REPORTING PERSON

     

      IN

     

    1 

    Represented by 3,185,022 American Depositary Shares and 45,048,300 Class A ordinary shares.

    2 

    Based on a total of 5,057,542,676 Class A ordinary shares outstanding as of December 31, 2021, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2022.


    ITEM 1.

    (a) Name of Issuer:

    Pinduoduo Inc.

    (b) Address of Issuer’s Principal Executive Offices:

    28/F, No. 533 Loushanguan Road

    Changning District, Shanghai 200051

    People’s Republic of China

     

    ITEM 2.

    (a) Name of Persons Filing:

    SCC Growth IV Holdco A, Ltd.

    Sequoia Capital China Growth Fund V, L.P.

    Sequoia Capital China Growth Partners Fund V, L.P.

    Sequoia Capital China Growth V Principals Fund, L.P.

    Sequoia Capital China Growth Fund IV, L.P.

    SC China Growth V Management, L.P.

    SC China Growth IV Management, L.P.

    SC China Holding Limited

    SNP China Enterprises Limited

    URM Management Limited

    SC GGFII Holdco, Ltd.

    Sequoia Capital Global Growth Fund III - Endurance Partners, L.P.

    Sequoia Capital Global Growth Fund III - Endurance Partners Principals Fund, L.P.

    Sequoia Capital Global Growth Fund II, L.P.

    Sequoia Capital Global Growth II Principals Fund, L.P.

    Sequoia Capital Global Growth Fund III - Endurance Partners Management, L.P.

    SC Global Growth II Management, L.P.

    SC US (TTGP), Ltd.

    Neil Nanpeng Shen

    Roelof Botha

    Douglas Leone

    SCCG HOLDCO IV-A is wholly owned by SCCGF IV. The General Partner of each of SCCGF V, SCCGPF V and SCCG V PF is SCCG V MGMT. The General Partner of SCCGF IV is SCCG IV MGMT. SCC HOLD is the General Partner of each of SCCG V MGMT and SCCG IV MGMT. SNP wholly owns SCC HOLD. NS wholly owns SNP and URM MANAGEMENT

    SC GGFII HOLD is wholly owned by SC GGF II and SC GGPF II. The General Partner of each of SC GGF II and SC GGPF II is SC GG II MGMT. The General Partner of each of SC GGF III and SC GGPF III is SC GGF III MGMT. SC US TTGP is the General Partner of each of SC GG II MGMT and SC GGF III MGMT. The directors and stockholders of SC US TTGP who exercise voting and investment discretion with respect to the shares held by SC GGFII HOLD, SC GGF III and SC GGPF III are Messrs. RB and DL.

    (b) Address of Principal Business Office or, if none, Residence:

    2800 Sand Hill Road, Suite 101

    Menlo Park, CA 94025

    (c) Citizenship:

    SCCG HOLDCO IV-A, SCCGF V, SCCGPF V, SCCG V PF, SCCGF IV, SCCG V MGMT, SCCG IV MGMT, SCC HOLD, URM MANAGEMENT, SC GGFII HOLD, SC GGF III, SC GGPF III, SC GGF II, SC GGPF II, SC GGF III MGMT, SC GG II MGMT and SC US TTGP: Cayman Islands

    SNP: British Virgin Islands

    NS: Hong Kong SAR

    RB, DL: USA


    (d) CUSIP Number:

    722304102

     

    ITEM 3.

    If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

    NOT APPLICABLE

     

    ITEM 4.

    OWNERSHIP

    SEE ROWS 5 THROUGH 11 OF COVER PAGES

     

    ITEM 5.

    OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

    If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  ☒.

     

    ITEM 6.

    OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

    NOT APPLICABLE

     

    ITEM 7.

    IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.

    NOT APPLICABLE

     

    ITEM 8.

    IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

    NOT APPLICABLE

     

    ITEM 9.

    NOTICE OF DISSOLUTION OF GROUP.

    NOT APPLICABLE

     

    ITEM 10.

    CERTIFICATION

    NOT APPLICABLE


    SIGNATURES

    After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

    Dated: February 14, 2023

     

    SCC Growth IV Holdco A, Ltd.
    By:   Sequoia Capital China Growth Fund IV, L.P.
      its Member
    By:   SC China Growth IV Management, L.P.
      its General Partner
    By:   SC China Holding Limited
      its General Partner
    By:  

    /s/ Neil Nanpeng Shen

     

    Neil Nanpeng Shen, Authorized

    Signatory

    Sequoia Capital China Growth Fund V, L.P.
    Sequoia Capital China Growth Partners Fund V, L.P.
    Sequoia Capital China Growth V Principals Fund, L.P.
    By:   SC China Growth V Management, L.P.
      General Partner of each
    By:   SC China Holding Limited
      its General Partner
    By:  

    /s/ Neil Nanpeng Shen

      Neil Nanpeng Shen, Authorized
      Signatory
    Sequoia Capital China Growth Fund IV, L.P.
    By:   SC China Growth IV Management, L.P.
      its General Partner
    By:   SC China Holding Limited
      its General Partner
    By:  

    /s/ Neil Nanpeng Shen

     

    Neil Nanpeng Shen, Authorized

    Signatory

    SC China Growth V Management, L.P.
    By:   SC China Holding Limited
      its General Partner
    By:  

    /s/ Neil Nanpeng Shen

      Neil Nanpeng Shen, Authorized
      Signatory


    SC China Growth IV Management, L.P.
    By:   SC China Holding Limited
      its General Partner
    By:  

    /s/ Neil Nanpeng Shen

      Neil Nanpeng Shen, Authorized
      Signatory
    SC China Holding Limited
    By:  

    /s/ Neil Nanpeng Shen

      Neil Nanpeng Shen, Authorized
      Signatory
    SNP China Enterprises Limited
    By:  

    /s/ Neil Nanpeng Shen

      Neil Nanpeng Shen, Authorized
      Signatory
    URM Management Limited
    By:  

    /s/ Neil Nanpeng Shen

     

    Neil Nanpeng Shen, Authorized

    Signatory

    SC GGFII Holdco, Ltd.
    By:   Sequoia Capital Growth Fund II, L.P.
      Sequoia Capital Global Growth II
      Principals Fund, L.P.
      its Members
    By:   Sequoia Capital Global Growth II
      Management, L.P.
      its General Partner
    By:   SC US (TTGP), Ltd.
      its General Partner
    By:  

    /s/ Roelof Botha

      Roelof Botha, Authorized Signatory


    Sequoia Capital Global Growth Fund III - Endurance Partners, L.P.

    By:  Sequoia Capital Global Growth Fund III - Endurance Partners Management, L.P.

            its General Partner

    By:   SC US (TTGP), Ltd.
      its General Partner
    By:  

    /s/ Roelof Botha

     

    Roelof Botha, Authorized Signatory

    Signatory

    Sequoia Capital Global Growth Fund III - Endurance Partners Principals Fund, L.P.
    By:   SC US (TTGP), Ltd.
      its General Partner
    By:  

    /s/ Roelof Botha

      Roelof Botha, Authorized Signatory
    Sequoia Capital Growth Fund II, L.P.
    Sequoia Capital Global Growth II Principals Fund, L.P.
    By:   Sequoia Capital Global Growth II Management, L.P.
      Its General Partner
    By:   SC US (TTGP), Ltd.
      its General Partner
    By:  

    /s/ Roelof Botha

      Roelof Botha, Authorized Signatory
    Sequoia Capital Global Growth Fund III - Endurance Partners Management, L.P.
    By:   SC US (TTGP), Ltd.
      its General Partner
    By:  

    /s/ Roelof Botha

      Roelof Botha, Authorized Signatory
    Sequoia Capital Global Growth II Management, L.P.
    By:   SC US (TTGP), Ltd.
      its General Partner
    By:  

    /s/ Roelof Botha

      Roelof Botha, Authorized Signatory


    SC US (TTGP), Ltd.
    By:  

    /s/ Roelof Botha

      Roelof Botha, Authorized Signatory
    Neil Nanpeng Shen
    By:  

    /s/ Neil Nanpeng Shen

      Neil Nanpeng Shen
    Douglas Leone
    By:  

    /s/ Douglas Leone

      Douglas Leone
    Roelof Botha
    By:  

    /s/ Roelof Botha

      Roelof Botha
    Get the next $PDD alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $PDD

    DatePrice TargetRatingAnalyst
    5/28/2025$112.00Buy → Hold
    Deutsche Bank
    5/28/2025$107.00Buy → Hold
    China Renaissance
    3/21/2025$137.00 → $130.00Buy → Neutral
    Nomura
    11/22/2024Overweight → Neutral
    Analyst
    10/7/2024$126.00 → $224.00Neutral → Outperform
    Macquarie
    8/27/2024$194.00 → $120.00Buy → Neutral
    Citigroup
    8/26/2024Outperform → Neutral
    Macquarie
    8/26/2024$193.00 → $151.00Buy
    Jefferies
    More analyst ratings

    $PDD
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • PDD Holdings downgraded by Deutsche Bank with a new price target

      Deutsche Bank downgraded PDD Holdings from Buy to Hold and set a new price target of $112.00

      5/28/25 8:10:50 AM ET
      $PDD
      Business Services
      Consumer Discretionary
    • PDD Holdings downgraded by China Renaissance with a new price target

      China Renaissance downgraded PDD Holdings from Buy to Hold and set a new price target of $107.00

      5/28/25 8:10:09 AM ET
      $PDD
      Business Services
      Consumer Discretionary
    • PDD Holdings downgraded by Nomura with a new price target

      Nomura downgraded PDD Holdings from Buy to Neutral and set a new price target of $130.00 from $137.00 previously

      3/21/25 8:04:52 AM ET
      $PDD
      Business Services
      Consumer Discretionary

    $PDD
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • PDD Holdings Announces First Quarter 2025 Unaudited Financial Results

      DUBLIN and SHANGHAI, May 27, 2025 (GLOBE NEWSWIRE) -- PDD Holdings Inc. ("PDD Holdings" or the "Company") (NASDAQ:PDD), today announced its unaudited financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights Total revenues in the quarter were RMB95,672.2 million (US$1 13,184.0 million), an increase of 10% from RMB86,812.1 million in the same quarter of 2024.Operating profit in the quarter was RMB16,085.6 million (US$2,216.7 million), a decrease of 38% from RMB25,973.7 million in the same quarter of 2024. Non-GAAP2 operating profit in the quarter was RMB18,259.7 million (US$2,516.3 million), a decrease of 36% from RMB28,552.2 million in the same quarter o

      5/27/25 6:30:34 AM ET
      $PDD
      Business Services
      Consumer Discretionary
    • PDD Holdings to Report First Quarter 2025 Unaudited Financial Results on May 27, 2025

      DUBLIN and SHANGHAI, May 20, 2025 (GLOBE NEWSWIRE) -- PDD Holdings Inc. ("PDD Holdings" or the "Company") (NASDAQ:PDD) today announced that it will report its unaudited financial results for the first quarter ended March 31, 2025, before U.S. markets open on Tuesday, May 27, 2025. The Company's management will hold an earnings conference call at 7:30 AM ET on May 27, 2025 (12:30 PM IST and 7:30 PM HKT on the same day). The conference call will be webcast live at https://investor.pddholdings.com/investor-events. The webcast will be available for replay at the same website following the conclusion of the call. About PDD Holdings: PDD Holdings is a multinational commerce group that owns an

      5/20/25 7:30:44 AM ET
      $PDD
      Business Services
      Consumer Discretionary
    • PDD Holdings Files Annual Report on Form 20-F for Fiscal Year 2024

      DUBLIN and SHANGHAI, April 28, 2025 (GLOBE NEWSWIRE) -- PDD Holdings Inc. ("PDD Holdings" or the "Company") (NASDAQ:PDD) today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission ("SEC") on April 28, 2025. The annual report can be accessed on the Company's investor relations website at https://investor.pddholdings.com/ as well as the SEC's website at https://www.sec.gov/. The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed to the Company's Investor Relati

      4/28/25 5:13:20 PM ET
      $PDD
      Business Services
      Consumer Discretionary

    $PDD
    Financials

    Live finance-specific insights

    See more
    • PDD Holdings Announces First Quarter 2025 Unaudited Financial Results

      DUBLIN and SHANGHAI, May 27, 2025 (GLOBE NEWSWIRE) -- PDD Holdings Inc. ("PDD Holdings" or the "Company") (NASDAQ:PDD), today announced its unaudited financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights Total revenues in the quarter were RMB95,672.2 million (US$1 13,184.0 million), an increase of 10% from RMB86,812.1 million in the same quarter of 2024.Operating profit in the quarter was RMB16,085.6 million (US$2,216.7 million), a decrease of 38% from RMB25,973.7 million in the same quarter of 2024. Non-GAAP2 operating profit in the quarter was RMB18,259.7 million (US$2,516.3 million), a decrease of 36% from RMB28,552.2 million in the same quarter o

      5/27/25 6:30:34 AM ET
      $PDD
      Business Services
      Consumer Discretionary
    • PDD Holdings to Report First Quarter 2025 Unaudited Financial Results on May 27, 2025

      DUBLIN and SHANGHAI, May 20, 2025 (GLOBE NEWSWIRE) -- PDD Holdings Inc. ("PDD Holdings" or the "Company") (NASDAQ:PDD) today announced that it will report its unaudited financial results for the first quarter ended March 31, 2025, before U.S. markets open on Tuesday, May 27, 2025. The Company's management will hold an earnings conference call at 7:30 AM ET on May 27, 2025 (12:30 PM IST and 7:30 PM HKT on the same day). The conference call will be webcast live at https://investor.pddholdings.com/investor-events. The webcast will be available for replay at the same website following the conclusion of the call. About PDD Holdings: PDD Holdings is a multinational commerce group that owns an

      5/20/25 7:30:44 AM ET
      $PDD
      Business Services
      Consumer Discretionary
    • PDD Holdings Announces Fourth Quarter 2024 and Fiscal Year 2024 Unaudited Financial Results

      DUBLIN and SHANGHAI, March 20, 2025 (GLOBE NEWSWIRE) -- PDD Holdings Inc. ("PDD Holdings" or the "Company") (NASDAQ:PDD), today announced its unaudited financial results for the fourth quarter ended and the fiscal year ended December 31, 2024. Fourth Quarter 2024 Highlights Total revenues in the quarter were RMB110,610.1 million (US$115,153.5 million), an increase of 24% from RMB88,881.0 million in the same quarter of 2023.Operating profit in the quarter was RMB25,592.2 million (US$3,506.1 million), an increase of 14% from RMB22,395.0 million in the same quarter of 2023. Non-GAAP2 operating profit in the quarter was RMB27,99

      3/20/25 6:30:31 AM ET
      $PDD
      Business Services
      Consumer Discretionary

    $PDD
    SEC Filings

    See more
    • SEC Form 6-K filed by PDD Holdings Inc.

      6-K - PDD Holdings Inc. (0001737806) (Filer)

      5/27/25 4:31:12 PM ET
      $PDD
      Business Services
      Consumer Discretionary
    • SEC Form 20-F filed by PDD Holdings Inc.

      20-F - PDD Holdings Inc. (0001737806) (Filer)

      4/28/25 5:01:20 PM ET
      $PDD
      Business Services
      Consumer Discretionary
    • SEC Form 6-K filed by PDD Holdings Inc.

      6-K - PDD Holdings Inc. (0001737806) (Filer)

      3/20/25 4:01:31 PM ET
      $PDD
      Business Services
      Consumer Discretionary

    $PDD
    Leadership Updates

    Live Leadership Updates

    See more
    • Allink Biotherapeutics Raises $42M Series A Financing to Accelerate Global Development of Bispecific Antibody and ADC Pipeline

      The series A investment round secures resources for advancing global Phase I/II clinical programs and orchestrating the company's global footprint expansion. SHANGHAI, Nov. 28, 2024 /PRNewswire/ -- Allink Biotherapeutics, a clinical-stage biotechnology company pioneering next-generation bispecific antibody and antibody-drug conjugate (ADC) therapeutics, today announced the successful completion of a $42 million Series A financing. The financing round was led by Lanchi Ventures, a preeminent global early-stage technology investor known for backing breakthrough innovations, with participation from an elite syndicate of new investors including Yuanbio Venture Capital, Legend Capital and C&D Eme

      11/28/24 8:06:00 AM ET
      $BZ
      $HUYA
      $LI
      $PDD
      Computer Software: Programming Data Processing
      Technology
      Auto Manufacturing
      Consumer Discretionary
    • AI WealthTech company Range Raises $28 Million Series B Led by Cathay Innovation

      The new face of wealth management creates ai powered software to drive optimization; membership is increasing 20% MoM, Appoints Chris Davidson of House Call Pro as CTO MCLEAN, Va., Nov. 26, 2024 /PRNewswire/ -- Range, the all-in-one AI WealthTech platform, raised $28 million in Series B funding, led by Cathay Innovation and joined by Gradient Ventures and other investors. This round brings the company's total funding to $40 million. Traditional financial advisors have offered the same types of wealth management services to consumers for decades. Range is overhauling the sector

      11/26/24 8:00:00 AM ET
      $PDD
      $WBX
      Business Services
      Consumer Discretionary
      Industrial Specialties

    $PDD
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by PDD Holdings Inc. (Amendment)

      SC 13G/A - PDD Holdings Inc. (0001737806) (Subject)

      7/7/23 4:37:12 PM ET
      $PDD
      Business Services
      Consumer Discretionary
    • SEC Form SC 13G/A filed by PDD Holdings Inc. (Amendment)

      SC 13G/A - PDD Holdings Inc. (0001737806) (Subject)

      2/14/23 4:05:17 PM ET
      $PDD
      Business Services
      Consumer Discretionary
    • SEC Form SC 13G/A filed by PDD Holdings Inc. (Amendment)

      SC 13G/A - PDD Holdings Inc. (0001737806) (Subject)

      2/13/23 4:06:36 PM ET
      $PDD
      Business Services
      Consumer Discretionary