Colin Huang Zheng, the founder, chairman and chief executive of social e-commerce services provider Pinduoduo, speaks at an event in Shanghai on July 26, 2018, to mark the company’s trading debut at the Nasdaq Stock Market in New York. Photo: Reuters

New Chinese tech billionaire Colin Huang drops US$2.8 billion as Pinduoduo shares tumble

  • The Shanghai-based e-commerce company posted a 2.4 billion yuan net loss in the December quarter
Topic |   Pinduoduo

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Colin Huang Zheng, the founder, chairman and chief executive of social e-commerce services provider Pinduoduo, speaks at an event in Shanghai on July 26, 2018, to mark the company’s trading debut at the Nasdaq Stock Market in New York. Photo: Reuters
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