Is Temu a Chinese company?

Yes, Temu is a Chinese company. It is owned by PDD Holdings, which is based in China.

Who is the CEO of Temu?

Temu does not have a CEO, but its parent company, PDD Holdings, has co-CEOs, Lei Chen and Jiazhen Zhao.

Is Temu privately owned?

Temu is not privately owned. It was launched by PDD Holdings, a publicly traded company under the ticker PDD. PDD Holdings also owns Pinduoduo.

Who Owns Temu? Largest Shareholders & More

Who Owns Temu? Largest Shareholders & Board of Directors

By Jeremy Bowman – Updated Apr 13, 2026 at 10:53 AM EST | Fact-checked by Margo Winton Parodi

Key Points

Temu, owned by PDD Holdings, has rapidly expanded globally since its 2022 U.S. launch.
PDD Holdings shows strong growth with Temu contributing, despite separate revenue details lacking.
Investors can buy PDD shares on Nasdaq for indirect exposure to Temu and its sister company, Pinduoduo.

If you shop online, you've likely noticed Temu, the fast-growing e-commerce marketplace. But the owner of Temu is a mystery to most Americans. Temu's parent company, PDD Holdings (PDD -1.15%), is one of China's largest e-commerce companies, and it's employed a similar playbook with Temu as it has with Pinduoduo, its primary business in China.

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The competitor to Shein and Amazon (AMZN -1.66%) has grown rapidly by selling a wide range of bargain-priced goods in major international markets, like the U.S. It's advertised aggressively to build brand awareness and interest in its products.

Since launching, Temu has quickly established a presence felt by competitors, consumers, and even in the online advertising industry, where it's spent heavily on digital ads. Temu doesn't report revenue, but its website had 2.11 billion visits in June 2025, and nearly a third of its traffic comes from the U.S., its largest market.

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Who are the largest shareholders?

Temu is a subsidiary of PDD Holdings, so there aren't direct shareholders in Temu. However, as a publicly traded company, PDD has a wide range of shareholders, including individual and institutional investors. Let's take a look at the top shareholders at PDD Holdings.

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Individuals

According to the company's 2024 annual report, only one individual was listed as a principal shareholder:

Zheng Huang, 1.41 billion shares, 24.8% ownership

Zheng Huang, also known as Colin Huang, is the co-founder and former CEO of PDD Holdings. Now a billionaire, Huang was part of the team that launched Alphabet's (GOOG -2.51%)(GOOGL -2.44%) Google in China.

After founding PDD in 2015, which was Pinduoduo at the time, Huang stepped down as CEO in July 2020. He gave up his chairmanship the following year, leaving him no formal position in the company. He is now working on food and life sciences research, potentially building on Pinduoduo's innovation in food distribution.

PDD also says its group of nine directors and executive officers owns a combined 76.6 million shares of the stock, 1.3% of the shares outstanding.

Institutional shareholders

Pinduoduo lists two institutional shareholders in its annual report, although third-party sites cite others. Below are the company's top five institutional shareholders.

1. Tencent, 783.5 million shares, 13.8% of shares outstanding

Chinese tech giant Tencent (TCEHY -0.16%), best known as the parent of Chinese super app WeChat, is also a prolific investor, holding stakes in dozens of startups and publicly traded companies.

PDD calls it a collaborator, too, saying it uses WeChat and WeChat Pay in its business. Tencent CEO Haifeng Lin has been on the PDD board of directors since 2017. Tencent became a principal shareholder in PDD in 2017, prior to PDD's U.S. initial public offering (IPO) in 2018. PDD entered into a strategic cooperation agreement with Tencent in February 2018.

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2. PDD Partners, 370.8 million shares, 6.5% of shares outstanding

PDD Partners is listed as an institutional shareholder in PDD Holdings. However, the entity is ultimately controlled by Colin Huang, the sole director of the two entities under which PDD Partners is a subsidiary. Its controlling entity is a limited liability holding company in the Virgin Islands.

3. Baillie Gifford, 34.4 million American depositary shares (ADS), 2.4% of shares outstanding

Bailie Gifford is an investment management firm based in Scotland and owns PDD in its worldwide long-term global growth fund.

4. BlackRock, 33.3 million ADS, 2.4% of shares outstanding

BlackRock (BLK -0.86%) is one of the world's largest investment managers, operating several exchange-traded funds (ETFs) under the iShares brand. It owns PDD Holdings, now one of the largest tech stocks in China, through both ETFs and mutual funds.

5. Vanguard Group, 32 million ADS, 2.3% of shares outstanding

Vanguard Group is another massive investment manager, owning shares of PDD in both its ETFs and mutual funds.

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Who is on the board of directors of Temu?

Temu doesn't have its own board of directors. As a subsidiary of PDD Holdings, PDD's board oversees Temu. PDD has six directors on its board and three principal executive officers who are not on the board.

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Source: PDD Holdings
Name	Position	Board Member Since
Lei Chen	Chairman and Co-CEO	2020
Jiazhen Zhao	Executive Director and Co-CEO	2023
Anthony Kam Ping Leung	Independent Director	2019
Haifeng Lin	Director	2017
Ivonne M.C.M. Rietjens	Independent Director	2023
George Yong-Boon Yeo	Independent Director	2018
Jun Liu	Vice President of Finance	n/a
Junyun Xiao	Senior Vice President of Operations	n/a
Zhenwei Zheng	Senior Vice President of Product Development

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Who owns Temu FAQ

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About the Author

Jeremy Bowman has been a contributing Motley Fool stock market analyst, covering technology, consumer goods, and macroeconomic trends since 2011. Before The Motley Fool, Jeremy was a newspaper reporter, restaurant manager, and English teacher abroad. He holds a bachelor’s degree in English from Colorado College and a master’s degree in business administration from American University. One of his Motley Fool headlines was briefly featured on Late Night with Stephen Colbert.

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Jeremy Bowman has positions in Amazon. The Motley Fool has positions in and recommends Alphabet, Amazon, and Tencent. The Motley Fool recommends Alibaba Group, BlackRock, and JD.com. The Motley Fool has a disclosure policy.

Who Owns Temu? Largest Shareholders & Board of Directors

Key Points

Who are the largest shareholders?

Individuals

Zheng Huang, 1.41 billion shares, 24.8% ownership

Institutional shareholders

1. Tencent, 783.5 million shares, 13.8% of shares outstanding

2. PDD Partners, 370.8 million shares, 6.5% of shares outstanding

3. Baillie Gifford, 34.4 million American depositary shares (ADS), 2.4% of shares outstanding

4. BlackRock, 33.3 million ADS, 2.4% of shares outstanding

5. Vanguard Group, 32 million ADS, 2.3% of shares outstanding

Who is on the board of directors of Temu?

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Who owns Temu FAQ

Is Temu a Chinese company?

Who is the CEO of Temu?

Is Temu privately owned?

Who are the largest shareholders?

Who is on the board of directors of Temu?

Related investing topics

Individuals

Zheng Huang, 1.41 billion shares, 24.8% ownership

Institutional shareholders

1. Tencent, 783.5 million shares, 13.8% of shares outstanding

2. PDD Partners, 370.8 million shares, 6.5% of shares outstanding

3. Baillie Gifford, 34.4 million American depositary shares (ADS), 2.4% of shares outstanding

4. BlackRock, 33.3 million ADS, 2.4% of shares outstanding

5. Vanguard Group, 32 million ADS, 2.3% of shares outstanding

Who is the owner of Temu?