In this work, a facile one-pot wet-chemical method was developed for the self-assembly of PdPt@Pt nanorings via in situ reduction of [PdCl4](2-) and [PtCl6](2-) at room temperature, which are simultaneously dispersed on reduced graphene oxide (rGO; denoted as PdPt@Pt/rGO). Hexadecylpyridinium chloride was demonstrated as a shape-directing agent and formic acid as a reducing agent during the reaction process. The as-prepared PdPt@Pt/rGO exhibited enhanced electrocatalytic activity and better stability for oxygen reduction reaction and ethanol oxidation reaction in acid media, compared with PtPd/rGO, Pt/rGO, Pd/rGO, Pt black, and Pt/C catalysts.