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This paper reported the fabrication of ternary metallic PtPdBi hollow nanocatalyst through a facile, one-pot, wet-chemical method by adopting sodium borohydride and polyvinylpyrrolidone as reducing agent and surfactant directing agent, respectively. The hollow structure offers novel morphology and large surface areas, which are conducive to enhancing the electrocatalytic activity. The electrocatalytic properties of hollow PtPdBi nanocatalyst were investigated systematically in alkaline media through cyclic voltammetry and the as-prepared PtPdBi nanocatalyst displays greatly enhanced electrocatalytic activities towards methanol and ethanol oxidation. The calculated mass activities of PtPdBi electrocatalyst are 2.133 A mgPtPd−1 for methanol oxidation reaction and 5.256 A mgPtPd−1 for ethanol oxidation reaction, which are much better than that of commercial Pt/C and commercial Pd/C. The as-prepared hollow nanocatalyst may be a potential promising electrocatalyst in fuel cells and also may be extended to the applications of other desirable functions.