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In China’s Slumping Economy, Pinduoduo’s Reclusive Billionaire Founder Has Managed To Gain $15 Billion

Por: Forbes Business November 29, 2022

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Colin Huang, founder of Pinduoduo.Qilai Shen/Bloomberg , the reclusive billionaire founder of discount e-commerce site Pinduoduo, is now worth $26 billion. Huang is currently the fourth richest person in China, according to , ahead of fellow e-commerce tycoons of Alibaba and of JD.com. Huang made the advances as shares of the 42-year-old’s Nasdaq-listed company recovers much faster than its peers. Shares of Pinduoduo have rallied 200% since a... + full article



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