WIDE MOAT STOCKS COMPARISON

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Stock Comparison

Bilibili Inc. vs PDD Holdings Inc.

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

Bilibili Inc.

BILI · Nasdaq Global Select Market

Market cap (USD)$6.1B
Gross margin (TTM)37%
Operating margin (TTM)4.4%
Net margin (TTM)4.9%
SectorCommunication Services
IndustryInternet platforms
CountryKY
Data as of2026-08-23
52/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into Bilibili Inc.'s moat claims, evidence, and risks.

View BILI analysis

PDD Holdings Inc.

PDD · NASDAQ

Market cap (USD)$110.4B
Gross margin (TTM)56.3%
Operating margin (TTM)21.9%
Net margin (TTM)20.4%
SectorConsumer
IndustryInternet platforms
CountryKY
Data as of2026-08-23
52/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into PDD Holdings Inc.'s moat claims, evidence, and risks.

View PDD analysis

Comparison highlights

  • Moat score: both at 52 / 100.
  • Segment focus: Bilibili Inc. has 4 segments (39.4% in Advertising); PDD Holdings Inc. has 1 segment (100% in E-commerce services: Pinduoduo and Temu).
  • Primary market structure: Competitive vs Competitive. Pricing power: Moderate vs Weak.
  • Moat breadth: Bilibili Inc. has 4 moat types across 4 domains; PDD Holdings Inc. has 2 across 2.

Primary market context

Bilibili Inc.

Advertising

Market

China internet advertising, including performance-based ads, brand ads, native ads and creator-commerce marketing

Geography

China

Customer

Advertisers, advertising agencies, e-commerce merchants, game publishers, automotive brands, digital-product brands and internet services

Role

Media inventory owner, ad-tech platform, performance-marketing channel and creator-commerce marketplace

Revenue share

39.4%

PDD Holdings Inc.

E-commerce services: Pinduoduo and Temu

Market

Global online retail of physical goods

Geography

China through Pinduoduo; international markets through Temu

Customer

Third-party merchants pay for marketing and transaction services; consumers buy the goods

Role

Marketplace connecting merchants and shoppers, with transaction and advertising services

Revenue share

100%

Side-by-side metrics

Bilibili Inc.
PDD Holdings Inc.
Ticker / Exchange
BILI - Nasdaq Global Select Market
PDD - NASDAQ
Market cap (USD)
$6.1B
$110.4B
Gross margin (TTM)
37%
56.3%
Operating margin (TTM)
4.4%
21.9%
Net margin (TTM)
4.9%
20.4%
Sector
Communication Services
Consumer
Industry
Internet platforms
Internet platforms
HQ country
KY
KY
Primary segment
Advertising
E-commerce services: Pinduoduo and Temu
Market structure
Competitive
Competitive
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Weak
Moat score
52 / 100
52 / 100
Moat domains
Network, Demand, Supply, Legal
Network, Financial
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

Two Sided Network

Bilibili Inc. strengths

Habit DefaultDistribution ControlContent Rights Currency

PDD Holdings Inc. strengths

Float Prepayment

Segment mix

Bilibili Inc. segments

Full profile >

Value-Added Services

Competitive

37.4%

Advertising

Competitive

39.4%

Mobile Games

Oligopoly

17.5%

IP Derivatives and Others

Competitive

5.7%

PDD Holdings Inc. segments

Full profile >

E-commerce services: Pinduoduo and Temu

Competitive

100%

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Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.