BABA vs. PDD: Alibaba vs. PDD Stock Comparison

September 14, 2026

How do Alibaba (BABA) and PDD (PDD) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Alibaba (BABA) and PDD (PDD) are both classified in the Broadline Retail sub-industry within the broader Broadline Retail industry, placing them in the closest GICS peer bucket.

Both Alibaba (BABA) and PDD (PDD) trade as ADRs — their core financials are comparable, but keep FX, depositary-program fees, and dividend withholding in view for each.

Company profile comparison for Alibaba (BABA) and PDD (PDD)
Profile Item	BABA	PDD
Name	Alibaba Group Holding Ltd. ADR	PDD Holdings Inc. American Depositary Receipt
Country/Region	China	Ireland
GICS Sector	Consumer Discretionary	Consumer Discretionary
GICS Industry Group	Consumer Discretionary Distribution & Retail	Consumer Discretionary Distribution & Retail
GICS Industry	Broadline Retail	Broadline Retail
GICS Sub-Industry	Broadline Retail	Broadline Retail
Market Capitalization	271.68 billion USD	117.02 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	September 19, 2014	July 26, 2018
Security Type	ADR	ADR

Price Performance

Cumulative Growth

BABA

PDD

GSPC

Alibaba (BABA) vs. PDD (PDD), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Alibaba (BABA) and PDD (PDD). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Alibaba (BABA) and PDD (PDD). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Alibaba (BABA) and PDD (PDD)
Metric	BABA	PDD
Total Return (1Y)	-29.04%	-33.63%
Total Return (3Y, Annualized)	9.40%	-7.33%
Total Return (5Y, Annualized)	-7.13%	-4.27%

Risk Profile

Drawdown History

BABA

PDD

GSPC

Alibaba (BABA) vs. PDD (PDD), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Alibaba (BABA) and PDD (PDD). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

PDD (PDD) reports a negative beta of -0.06, suggesting inverse market sensitivity over the measurement window. That is uncommon for ordinary equities and can reflect commodity-linked or hedge-like exposure, but it can also come from statistical noise. Alibaba (BABA) has a non-negative beta of 0.47.

Risk profile metrics for Alibaba (BABA) and PDD (PDD)
Metric	BABA	PDD
Volatility (1Y, Annualized)	42.65%	33.50%
Beta (5Y)	0.47	-0.06
Max Drawdown (5Y)	-64.46%	-76.30%
Avg. Volume (3M)	12.31M	7.08M

Risk-Adjusted Performance

Risk-Return Positioning

BABA and PDD are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Alibaba (BABA) and PDD (PDD)
Metric	BABA	PDD
Sharpe Ratio (1Y)	-0.78	-1.13
Sortino Ratio (1Y)	-1.17	-1.48

Profitability

ROE (TTM)

Both Alibaba (BABA) at 6.36% and PDD (PDD) at 22.75% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

BABA

Consumer Discretionary Distribution & Retail industry group

6.36%

Max: 62.17%
Q3: 32.45%
Median: 15.79%
BABA: 6.36%
Q1: 6.36%
Min: -27.22%

PDD

Consumer Discretionary Distribution & Retail industry group

22.75%

Max: 62.17%
Q3: 32.45%
PDD: 22.75%
Median: 15.79%
Q1: 6.36%
Min: -27.22%

Alibaba (BABA) vs. PDD (PDD): A comparison of their ROE against the Consumer Discretionary Distribution & Retail industry group benchmark.

Net Margin (TTM)

PDD (PDD) at 20.43% retains a top-quartile share of revenue as profit, ahead of Alibaba (BABA) at 7.04%, which keeps about the industry-typical share.

BABA

Consumer Discretionary Distribution & Retail industry group

7.04%

Max: 20.43%
Q3: 8.79%
BABA: 7.04%
Median: 3.37%
Q1: 0.88%
Min: -10.82%

PDD

Consumer Discretionary Distribution & Retail industry group

20.43%

PDD: 20.43%
Max: 20.43%
Q3: 8.79%
Median: 3.37%
Q1: 0.88%
Min: -10.82%

Alibaba (BABA) vs. PDD (PDD): A comparison of their net margin against the Consumer Discretionary Distribution & Retail industry group benchmark.

Operating Margin (TTM)

PDD (PDD) at 24.71% operates in the top operating margin quartile, ahead of Alibaba (BABA) at 7.30%, which runs around its industry’s norm.

BABA

Consumer Discretionary Distribution & Retail industry group

7.30%

Max: 24.71%
Q3: 11.54%
BABA: 7.30%
Median: 6.09%
Q1: 2.46%
Min: -6.74%

PDD

Consumer Discretionary Distribution & Retail industry group

24.71%

PDD: 24.71%
Max: 24.71%
Q3: 11.54%
Median: 6.09%
Q1: 2.46%
Min: -6.74%

Alibaba (BABA) vs. PDD (PDD): A comparison of their operating margin against the Consumer Discretionary Distribution & Retail industry group benchmark.

Profitability Metrics

Profitability metrics for Alibaba (BABA) and PDD (PDD)
Metric	BABA	PDD
ROE (TTM)	6.36%	22.75%
ROA (TTM)	1.56%	10.01%
Net Margin (TTM)	7.04%	20.43%
Operating Margin (TTM)	7.30%	24.71%
Gross Margin (TTM)	38.20%	56.32%

Growth

Revenue Growth

Both Alibaba (BABA) at 2.74% and PDD (PDD) at 9.65% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Alibaba (BABA) vs. PDD (PDD): A comparison of their Revenue Growth across different time periods.

EPS Growth

PDD (PDD) at -11.79% is around its peer norm for EPS growth, while Alibaba (BABA) at -17.91% drops into the bottom quartile, signaling weaker earnings momentum.

Alibaba (BABA) vs. PDD (PDD): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Alibaba (BABA) and PDD (PDD)
Metric	BABA	PDD
Revenue Growth (YoY)	2.74%	9.65%
Revenue Growth (3Y CAGR)	5.62%	49.00%
EPS Growth (YoY)	-17.91%	-11.79%
EPS Growth (3Y CAGR)	17.05%	45.15%

Financial Strength

Current Ratio (MRQ)

Alibaba (BABA) at 1.36 keeps current ratio within its industry’s typical mid-range, while PDD (PDD) at 2.62 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

BABA

Consumer Discretionary Distribution & Retail industry group

1.36

Max: 2.71
Q3: 1.75
BABA: 1.36
Median: 1.36
Q1: 1.03
Min: 0.49

PDD

Consumer Discretionary Distribution & Retail industry group

2.62

Max: 2.71
PDD: 2.62
Q3: 1.75
Median: 1.36
Q1: 1.03
Min: 0.49

Alibaba (BABA) vs. PDD (PDD): A comparison of their current ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

Debt / Equity (MRQ)

Both Alibaba (BABA) at 0.24 and PDD (PDD) at 0.01 keep leverage in the lower quartile of their industries, with less balance-sheet debt relative to equity than most peers.

BABA

Consumer Discretionary Distribution & Retail industry group

0.24

Max: 3.53
Q3: 1.87
Median: 1.09
Q1: 0.70
BABA: 0.24
Min: 0.01

PDD

Consumer Discretionary Distribution & Retail industry group

0.01

Max: 3.53
Q3: 1.87
Median: 1.09
Q1: 0.70
PDD: 0.01
Min: 0.01

Alibaba (BABA) vs. PDD (PDD): A comparison of their debt-to-equity ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Alibaba (BABA) and PDD (PDD)
Metric	BABA	PDD
Current Ratio (MRQ)	1.36	2.62
Debt / Equity (MRQ)	0.24	0.01
Net Debt / EBITDA	-1.20	-4.56

Dividends

Dividend Yield (TTM)

PDD (PDD) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Alibaba (BABA) reports a yield of 6.67%, ranking against industry peers normally.

BABA

Consumer Discretionary Distribution & Retail industry group

6.67%

BABA: 6.67%
Max: 6.67%
Q3: 2.68%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

PDD

Consumer Discretionary Distribution & Retail industry group

0.00%

Max: 6.67%
Q3: 2.68%
PDD: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Alibaba (BABA) vs. PDD (PDD): A comparison of their dividend yield against the Consumer Discretionary Distribution & Retail industry group benchmark.

Dividend Payout Ratio (TTM)

PDD (PDD) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Alibaba (BABA) reports a payout of 24.04%, ranking against industry peers normally.

BABA

Consumer Discretionary Distribution & Retail industry group

24.04%

Max: 72.73%
Q3: 29.95%
BABA: 24.04%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

PDD

Consumer Discretionary Distribution & Retail industry group

0.00%

Max: 72.73%
Q3: 29.95%
PDD: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Alibaba (BABA) vs. PDD (PDD): A comparison of their payout ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

Dividend Metrics

Dividend metrics for Alibaba (BABA) and PDD (PDD)
Metric	BABA	PDD
Dividend Yield (TTM)	6.67%	0.00%
Dividend Payout Ratio (TTM)	24.04%	0.00%

Valuation

P/E Ratio (TTM)

PDD (PDD) at 8.87 sits in the cheaper P/E ratio quartile, while Alibaba (BABA) at 24.67 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

BABA

Consumer Discretionary Distribution & Retail industry group

24.67

Max: 42.25
BABA: 24.67
Q3: 24.30
Median: 16.76
Q1: 12.13
Min: 0.90

PDD

Consumer Discretionary Distribution & Retail industry group

8.87

Max: 42.25
Q3: 24.30
Median: 16.76
Q1: 12.13
PDD: 8.87
Min: 0.90

Alibaba (BABA) vs. PDD (PDD): A comparison of their P/E ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

P/S Ratio (TTM)

Both Alibaba (BABA) at 0.26 and PDD (PDD) at 0.26 fetch a relatively low price per dollar of sales, landing in the cheaper P/S ratio quartile of their industries.

BABA

Consumer Discretionary Distribution & Retail industry group

0.26

Max: 3.35
Q3: 1.55
Median: 0.64
Q1: 0.26
BABA: 0.26
Min: 0.03

PDD

Consumer Discretionary Distribution & Retail industry group

0.26

Max: 3.35
Q3: 1.55
Median: 0.64
Q1: 0.26
PDD: 0.26
Min: 0.03

Alibaba (BABA) vs. PDD (PDD): A comparison of their P/S ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Alibaba (BABA) at 1.63 and PDD (PDD) at 1.74 are valued close to their industries’ norm against book — neither stands out from peers.

BABA

Consumer Discretionary Distribution & Retail industry group

1.63

Max: 10.28
Q3: 4.79
Median: 1.95
BABA: 1.63
Q1: 1.11
Min: -3.55

PDD

Consumer Discretionary Distribution & Retail industry group

1.74

Max: 10.28
Q3: 4.79
Median: 1.95
PDD: 1.74
Q1: 1.11
Min: -3.55

Alibaba (BABA) vs. PDD (PDD): A comparison of their P/B ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

Valuation Metrics

Valuation metrics for Alibaba (BABA) and PDD (PDD)
Metric	BABA	PDD
P/E Ratio (TTM)	24.67	8.87
P/S Ratio (TTM)	0.26	0.26
P/B Ratio (MRQ)	1.63	1.74
Free Cash Flow Yield (TTM)	-30.42%	63.78%