WIDE MOAT STOCKS COMPARISON

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Stock Comparison

PDD Holdings Inc. vs Sea Limited

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

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

Sea Limited

SE · New York Stock Exchange (ADS)

Market cap (USD)$59.2B
Gross margin (TTM)44.3%
Operating margin (TTM)8.2%
Net margin (TTM)5.9%
SectorConsumer
IndustryInternet platforms
CountrySG
Data as of2026-08-23
62/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into Sea Limited's moat claims, evidence, and risks.

View SE analysis

Comparison highlights

  • Moat score gap: Sea Limited leads (62 / 100 vs 52 / 100 for PDD Holdings Inc.).
  • Segment focus: PDD Holdings Inc. has 1 segment (100% in E-commerce services: Pinduoduo and Temu); Sea Limited has 4 segments (71.7% in Shopee (E-commerce)).
  • Primary market structure: Competitive vs Oligopoly. Pricing power: Weak vs Moderate.
  • Moat breadth: PDD Holdings Inc. has 2 moat types across 2 domains; Sea Limited has 4 across 2.

Primary market context

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%

Sea Limited

Shopee (E-commerce)

Market

E-commerce marketplace and related value-added services

Geography

Southeast Asia, Taiwan, Brazil

Customer

Consumers and sellers

Role

Marketplace operator

Revenue share

71.7%

Side-by-side metrics

PDD Holdings Inc.
Sea Limited
Ticker / Exchange
PDD - NASDAQ
SE - New York Stock Exchange (ADS)
Market cap (USD)
$110.4B
$59.2B
Gross margin (TTM)
56.3%
44.3%
Operating margin (TTM)
21.9%
8.2%
Net margin (TTM)
20.4%
5.9%
Sector
Consumer
Consumer
Industry
Internet platforms
Internet platforms
HQ country
KY
SG
Primary segment
E-commerce services: Pinduoduo and Temu
Shopee (E-commerce)
Market structure
Competitive
Oligopoly
Market share
n/a
53% (reported)
HHI estimate
n/a
n/a
Pricing power
Weak
Moderate
Moat score
52 / 100
62 / 100
Moat domains
Network, Financial
Network, Supply
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

Two Sided Network

PDD Holdings Inc. strengths

Float Prepayment

Sea Limited strengths

Physical Network DensityEcosystem ComplementsDirect Network Effects

Segment mix

PDD Holdings Inc. segments

Full profile >

E-commerce services: Pinduoduo and Temu

Competitive

100%

Sea Limited segments

Full profile >

Shopee (E-commerce)

Oligopoly

71.7%

Monee (Digital Financial Services)

Competitive

18%

Garena (Digital Entertainment)

Competitive

9.6%

Other Services

Competitive

0.7%

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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.