![]() He also donated 2.37% to an irrevocable charity to promote social responsibility development and scientific research. Philanthropy īy June 2020, Huang reduced his Pinduoduo stake to 29.4% by donating 2.37% to a charitable foundation and 7.74% to the Pinduoduo Partnership. The company said Huang will pursue "new, long-term opportunities". On March 17, 2021, Huang stepped down as chairman and entrusted the voting rights of his shares to the Board. On July 1, 2020, Huang stepped down as CEO of Pinduoduo but continued as its chairman. After the public offering on NASDAQ, Huang's 47% stake in Pinduoduo was valued at $14 billion, making him the thirteenth richest person in China. It became publicly traded following an initial public offering in the United States in July 2018, raising $1.6 billion. In 2019, its revenue was $4.33 billion US dollars (30.14 billion RMB). Pinduoduo had a revenue of 1.4 billion yuan ($280 million) in 2017. Huang founded and led the Shanghai-based company Pinduoduo in 2015. In November, he was named to the 2021 Forbes Rich List of Mainland China, ranking sixth with a wealth of ¥213.2 billion. ![]() In March, he ranked second in the 2020 Huron Global Young Zhuang Sect Self-Made Rich List. In October, he ranked seventh on the 2019 Huron Report. In 2006, he returned to China with Kaai-fu Lee to expand Google services in China.Īfter resigning from Google in 2007, Huang started the e-commerce site Oku. He became an engineer with Google in 2004. Huang graduated with a master's degree in computer science from the University of Wisconsin in 2004. ![]() During his freshman year, he was selected as a fellow at the Melton Foundation. He attended Hangzhou Foreign Language School.Īt the age of 18, Huang began studying computer science at Chu Kuchen Honors College of Zhejiang University. His parents were middle-class factory workers. Huang was born in 1980 in the outskirts of Hangzhou, Zhejiang. Huang is also the owner of at least three other limited liability Cayman companies, including Pinduoduo. He is the founder and former CEO of the e-commerce company Pinduoduo, which is now the largest agriculture platform in China. Colin Huang or Huang Zheng ( Chinese: 黄峥 pinyin: Huáng Zhēng, born January 1, 1980) is a Chinese billionaire businessman and philanthropist.
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