Posted inChina, Shanghai

Pinduoduo founder joins China’s billionaire club overnight

A Chinese entrepreneur born in the 1980s has amassed an eye-popping US$12.8 billion virtually overnight, after last week’s Nasdaq debut of his Pinduoduo shot him into the nation’s billionaire club. Colin Huang, 37, who shares eastern Zhejiang provincial roots with the founder of e-marketplace juggernaut Alibaba, is now being touted as “little Jack Ma”. Last […]