Colin Huang, founder of Pinduoduo, has reclaimed his position as China’s wealthiest individual, thanks to the success of the Temu brand.
Despite a sharp decline in his wealth during the pandemic, Huang’s fortune has rebounded to $48.6 billion, surpassing bottled-water tycoon Zhong Shanshan.
Huang’s strategic expansion of Temu outside of China has revitalized Pinduoduo, driving significant revenue growth and positioning him as a leading figure in China’s evolving e-commerce landscape.
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