Ex-Googler becomes China’s second-richest person

Pinduoduo's Colin Huang is still about $ 5 billion less than Tencent's founder
A former Google employee was briefly ranked the second richest person in China after an increase in sales in his e-commerce business Pinduoduo.
Colin Huang was valued at $ 45.4 billion (GBP 36.4 billion) by Forbes on Sunday, ahead of Alibabas Jack Ma but behind Tencent's Pony Ma.
Mr. Huang was previously an intern at Microsoft and then worked as an engineer at Google for three years.
"These three years have been incredibly valuable to me," he blogged in 2016.
"Google gave me much more than I contributed."
According to Forbes, a decline in Pinduoduo's value has given Mr. Ma second place since then.
Shopping games
Mr. Huang founded Pinduoduo in 2015.
The company became particularly popular in China during the Covid 19 pandemic. Orders rose from 50 million to almost 65 million a day.
Novel features include team buying, where customers come together to buy more units at a lower price.
Customers can also play games on the website and are sometimes rewarded with free gifts.
In his 2016 blog, Mr. Huang said that some early Google employees were affected by the rapid marketing.
"They suddenly got too much money, lost incentives to work and were looking for fun and new careers," he wrote.
"Many years passed and they wasted their most precious time when they were most likely to do other outstanding work."
Mr. Huang still has a long way to go to catch up with the world's richest technology billionaire, Jeff Bezos.
Forbes currently estimates that the Amazon founder is worth $ 162.2 billion.

You should check here to buy the best price guaranteed products.

Last News

Seattle Mayor Proposes Rebuilding Depleted Police Force after Violent Weekend

Wentworth Miller Reveals Autism Diagnosis: 'This Isn't Something I'd Change'

Lorenzo Lamas Makes Engagement to Kenna Nicole Smith Facebook Official: 'We Have Fallen Deeply in Love'

CDC: The coronavirus could be 'just a few mutations' away from evading vaccines

Matt Nagy hanging Giannis Antetokounmpo quote in his house

Captain of sinking boat arrested after 34 people rescued in Maryland, Coast Guard says