Colin Huang Tops China’s Rich List as Pinduoduo’s Temu Brand Booms

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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