China Pinduoduo Co-Founder & Billionaire Colin Huang Personal Fortune Increased to $32.8 Billion, Colin Huang Founded Pinduoduo in 2015 and Pinduoduo Current Market Value at $136 Billion

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China Pinduoduo Co-Founder & Billionaire Colin Huang Personal Fortune Increased to $32.8 Billion, Colin Huang Founded Pinduoduo in 2015 and Pinduoduo Current Market Value at $136 Billion

1st September 2023 | Hong Kong

China Pinduoduo co-founder & billionaire Colin Huang personal fortune has increased to $32.8 billion.  Colin Huang had founded Pinduoduo in 2015, which has a current market value at $136 billion.  China e-Commerce giant Pinduoduo & Temu parent company PDD Holdings had relocated the headquarters from China to Ireland with corporate tax rate of 12.5% in Ireland. China corporate tax rate is 25%. PDD Holdings is a multinational commerce group that owns and operates a portfolio of businesses.

“ China Pinduoduo Co-Founder & Billionaire Colin Huang Personal Fortune Increased to $32.8 Billion, Colin Huang Founded Pinduoduo in 2015 and Pinduoduo Current Market Value at $136 Billion “

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$84 Billion China E-Commerce Giant Pinduoduo & Temu Parent Company PDD Holdings Relocates Headquarters from China to Ireland with Corporate Tax Rate of 12.5%, China Corporate Tax Rate is 25%

5th May 2023 – China e-Commerce giant Pinduoduo & Temu parent company PDD Holdings with market capitalization of $84 billion (5/5/23) has relocated the headquarters from China to Ireland with corporate tax rate of 12.5% in Ireland. China corporate tax rate is 25%. PDD Holdings is a multinational commerce group that owns and operates a portfolio of businesses.

PDD Holdings

PDD Holdings aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from the increased productivity and new opportunities. PDD Holdings has built a network of sourcing, logistics, and fulfillment capabilities, that support its underlying businesses.

Lei Chen, Chairman of the Board of Directors and Co-Chief Executive Officer

Lei Chen is a founding member of our company and has served as our chairman of the board of directors since March 2021 and co-chief executive officer since April 2023. Mr. Chen has also served as our director since July 2020. Mr. Chen served as our chief executive officer from July 2020 to April 2023, as our chief technology officer from 2016 to 2020 and as our director from February 2017 to July 2018. Prior to joining our company, Mr. Chen served as chief technology officer of Xinyoudi Studio since 2011. Mr. Chen’s prior working experience includes internships with Google (Nasdaq: GOOG), Yahoo Inc. and IBM (NYSE: IBM) in the United States. Mr. Chen was trained as a data scientist and is a prolific publisher on the subject of data mining, and has presented his works in large international conferences, such as the ACM SIGMOD Conference, Very Large Data Bases (VLDB) Conferences and International Conference on Machine Learning. Mr. Chen received his bachelor’s degree in computer science from Tsinghua University and his doctoral degree in computer science from University of Wisconsin-Madison.

Jiazhen Zhao, Executive Director and Co-Chief Executive Officer

Jiazhen Zhao is a founding member of our company and has served as our director and co-chief executive officer since April 2023. Mr. Jiazhen Zhao served as a senior vice president from 2018 to 2023. Mr. Zhao has held several leadership roles across our company. He started our Duo Duo Grocery business and led the operations of a few key product categories in the Pinduoduo platform, including agriculture. He also led our supply chain efforts. Mr. Zhao received his bachelor’s degree in e-commerce management from South China University of Technology.

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