Colin Huang
Colin Huang | |
|---|---|
| Born | Huang Zheng 1979 or 1980 (age 43–44)[1] |
| Nationality | Chinese |
| Education | University of Wisconsin Zhejiang University |
| Occupation | Businessman |
| Title | Founder and CEO, Pinduoduo |
Colin Huang or Huang Zheng (Chinese: 黄峥; pinyin: Huáng Zhēng, born 1979/1980) is a Chinese billionaire businessman. He is the founder and CEO of e-commerce company Pinduoduo incorporated in Cayman Islands.[3] Huang is also the owner of 3 other limited liability Cayman Island companies each owning 7.7% stake in Pinduoduo.[4]
Education
Huang earned a master's degree in computer science from the University of Wisconsin.[5]
Career
Huang joined Google as an intern, and then started working as an engineer in 2004. [6] He also interned at Microsoft. [5]
Following the July 2018 initial public offering of Pinduoduo on NASDAQ, Huang's 47% stake was valued at $14 billion, making him the 13th richest person in China.[1][5]
As of July 2nd 2020, it is reported that from a June 30 filing that Colin Huang has cut his PDD stake down to 29.4% from 43.3%.[7] He has also stepped down as CEO but will continue at Chairman.
Pinduoduo
The Shanghai-based company Pinduoduo, also known as PDD, was founded in 2015 and reported revenue of 1.4 billion yuan ($280 million) in 2017. In 2019, its revenue was $4.33 billion dollars. [citation needed] It became publicly traded following an initial public offering in the United States in July 2018.[citation needed]
References
- ^ a b Fang, Alex. "IPO Of Chinese E-Commerce Firm Pinduoduo Mints New Young Billionaire". forbes.com. Retrieved 30 July 2018.
- ^ "Bloomberg profile: Colin Zheng Huang". Bloomberg. Retrieved 17 July 2020.
- ^ https://sec.report/Ticker/pdd
- ^ https://sec.report/Document/0001104659-20-080986/
- ^ a b c "A Former Google Employee Just Became One of China's Richest People". fortune.com. Retrieved 1 August 2018.
- ^ "How the pandemic boosted the net worth of China's fastest-rising billionaire". Fortune. Retrieved 2020-06-24.
- ^ Feng, Venus; Jin, Berber; Schmidt, Blake; Huang, Zheping (2 July 2020). "His Wealth Surged By 25 Billion Then Jack Ma's Rival Quit". Bloomberg. Retrieved July 17, 2020.
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- Living people
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