China E-Commerce Giant Pinduoduo & Temu Parent PDD Holdings Share Price Decreased -34% in 3 Days to $133 Billion Market Value after Warning of Revenue Growth, Co-Founder & Billionaire Colin Huang was China Richest Man with $48 Billion Personal Fortune But Fortune Now at $35 Billion, Colin Huang Founded Pinduoduo in 2015
28th August 2024 | Hong Kong
China e-commerce giant Pinduoduo & Temu parent PDD Holdings share price has decreased -34% in 3 days (3 trading days: 23/8, 26/8 & 27/8) to $133 billion market value after warning of revenue growth. Co-founder & billionaire Colin Huang had became China richest man with $48 billion personal fortune, but personal fortune is now at $35 billion. Colin Huang founded Pinduoduo in 2015. In 2023, PDD Holdings had relocated 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 E-Commerce Giant Pinduoduo & Temu Parent PDD Holdings Share Price Decreased -34% in 3 Days to $133 Billion Market Value after Warning of Revenue Growth, Co-Founder & Billionaire Colin Huang was China Richest Man with $48 Billion Personal Fortune But Fortune Now at $35 Billion, Colin Huang Founded Pinduoduo in 2015 “
China E-Commerce Giant Pinduoduo & Temu Co-Founder & Billionaire Colin Huang Becomes China Richest Man with $48 Billion Personal Fortune, Colin Huang Founded Pinduoduo in 2015, Parent Company is PDD Holdings with Current Market Value at $191 Billion
12th August 2024 – China e-commerce giant Pinduoduo & Temu co-founder & billionaire Colin Huang has become China richest man with $48 billion personal fortune. Colin Huang founded Pinduoduo in 2015. Parent company is PDD Holdings, which has a current market value of $191 billion. In 2023, PDD Holdings had relocated 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
1st September 2023 – 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.
$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.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
