Colin Huang, the founder and chief executive of budget e-commerce marketplace Pinduoduo, is now the second-richest person in China. Photo: Bloomberg
Colin Huang, the founder and chief executive of budget e-commerce marketplace Pinduoduo, is now the second-richest person in China. Photo: Bloomberg
Pinduoduo
Tech

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

Topic |   Pinduoduo
Coco Feng
Coco Feng in Beijing

Updated: 3:44pm, 31 Dec, 2020

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Colin Huang, the founder and chief executive of budget e-commerce marketplace Pinduoduo, is now the second-richest person in China. Photo: Bloomberg
Colin Huang, the founder and chief executive of budget e-commerce marketplace Pinduoduo, is now the second-richest person in China. Photo: Bloomberg
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