Colin Huang, the founder and chief executive of budget e-commerce marketplace Pinduoduo, is now the second-richest person in China. Photo: Bloomberg
Pinduoduo founder now China’s second-richest person as antitrust probe looms over bigger rivals
- Colin Huang has overtaken Alibaba’s Jack Ma and Tencent’s Pony Ma to become China’s second-richest person with a net worth of US$63.1 billion
- Regulators recently fined both Alibaba and Tencent-backed China Literature over unreported acquisitions, as part of a larger crackdown against Big Tech
Colin Huang, the founder and chief executive of budget e-commerce marketplace Pinduoduo, is now the second-richest person in China. Photo: Bloomberg
