Hurun clarifies that Zhang Zetian’s ranking on university rich list was compiled on the basis of her joint wealth with husband and JD.com founder Richard Liu.
The founder of PDD Holdings saw his wealth swell by $13.8 billion in a year, as a slowing global economy drove more shoppers to the Chinese company's discount e-commerce platforms Temu and Pinduoduo, an annual rich list showed on Tuesday. Colin Huang, who founded PDD in 2015 and stepped down as CEO in 2020, was the fastest riser in this year's Hurun Rich List, leaping seven places to be ranked China's third richest man with a $37.2 billion fortune. The growth of his fortune reflects the changing e-commerce landscape both in China, where consumer confidence remains low after three years of COVID curbs, and abroad where shopping platforms such as Temu and Shein are gaining steam.
HONG KONG – The founder of PDD Holdings saw his wealth swell by US$13.8 billion (S$18.8 billion) in a year, as a slowing global economy drove more shoppers to the Chinese company’s discount e-commerce platforms Temu and Pinduoduo, an annual rich list showed on Tuesday (Oct 24). Colin Huang, who founded PDD in 2015 and stepped down as chief executive.
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