Colin Huang

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]

Colin Huang
Born
Huang Zheng

1979/1980 (age 39–40)[1]
NationalityChinese
EducationUniversity of Wisconsin
Zhejiang University
OccupationBusinessman
Net worthUS$29.4 billion (July 2020)[2]
TitleFounder and CEO, Pinduoduo

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. It became publicly traded following an initial public offering in the United States in July 2018.

References
  1. Fang, Alex. "IPO Of Chinese E-Commerce Firm Pinduoduo Mints New Young Billionaire". forbes.com. Retrieved 30 July 2018.
  2. "Bloomberg profile: Colin Zheng Huang". Bloomberg. Retrieved 17 July 2020.
  3. https://sec.report/Ticker/pdd
  4. https://sec.report/Document/0001104659-20-080986/
  5. "A Former Google Employee Just Became One of China's Richest People". fortune.com. Retrieved 1 August 2018.
  6. "How the pandemic boosted the net worth of China's fastest-rising billionaire". Fortune. Retrieved 2020-06-24.
  7. 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.CS1 maint: multiple names: authors list (link)


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