Last updated: August 12, 2024
Colin Huang, the founder and former CEO of Temu parent company Pinduoduo, has become the richest man in China.
Colin Huang, the founder and former CEO of Temu parent company Pinduoduo, is now the richest man in China. According to a Bloomberg report, he has pushed the previous leader Zhong Shanshan, founder of the beverage brand Nongfu Spring, into second place with a fortune of 48.6 billion dollars. Ma Huateng, head of Tencent, and Zhang Yiming, founder of TikTok parent company ByteDance, follow in third and fourth place. This puts the 44-year-old in 25th place in the international ranking of the richest people.
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