His $48.6 billion fortune comes from selling products of questionable quality

Billionaire Colin Huang is the richest man in China, with an estimated fortune of $48.6 billion. This is indicated by the latest data from the “Index of Billionaires”, prepared by the Bloomberg Billionaires Index.

Colin Huang is the founder of PDD Holdings Corporation, which owns the Chinese e-commerce platform Temu.

PDD Holdings is also the owner of the application Pinduoduo, which is among the main online platforms for trading agricultural products, writes businessnovinite.bg.