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.

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

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.

While we acknowledge the potential of PDD Holdings Inc. (NASDAQ:PDD) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PDD and that has 100x upside potential, check out our report about the cheapest AI stock.

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