Temu's Q2 Boom Driven by EU and Latin America, Under PDD's Leadership

PDD Holdings Inc. (NASDAQ:PDD) is one of the top e-commerce stocks with long-term potential. On July 4, Temu, the global e-commerce platform run by PDD Holdings, reported strong user growth for Q2 2025, reaching 416.5 million monthly active users—a 68% jump year-over-year. Daily active users also rose 65% to 70.5 million.

The European Union and Latin America saw rapid expansion, accounting for a combined 60% of Temu’s user base, while the U.S. market declined with a 28% drop in monthly users and a 35% fall in daily activity.

Temu’s global downloads totaled 113 million in Q2, marking a 7% year-over-year dip despite regional differences—Latin America posted gains while the U.S. downloads plunged 77%. However, cumulative downloads reached 1 billion, up 93% from last year, with Latin America driving the surge through a 148% increase.

PDD Holdings Inc. (NASDAQ:PDD) is a Chinese multinational e-commerce conglomerate with a portfolio of diverse businesses. Backed by robust logistics, sourcing, and fulfillment infrastructure, PDD powers major platforms like Pinduoduo, one of China’s top online marketplaces, and Temu, its rapidly expanding global e-commerce site now active in over 50 countries.

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Disclosure: None. This article is originally published at Insider Monkey.