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The Times of India
The Times of India
Business
Bloomberg

Colin Huang, Temu owner’s billionaire founder, becomes China’s richest person

Colin Huang China PDD Jack Ma Alibaba Neil Saunders e-commerce Pinduoduo

After several moderately successful ventures in gaming and e-commerce, Colin Huang got sick and retired. At one point, the young entrepreneur stayed home for a year thinking about his next move.

The former Google engineer eventually started Pinduoduo, an e-commerce platform known for selling dirt-cheap products with massive promotions, in 2015. He quickly ascended the ranks of the world’s richest people, with his net worth peaking at $71.5 billion in early 2021.

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