E-commerce tycoon Huang tops China's rich list

Huang, the founder of PDD Holdings -- which owns Temu and Chinese retail app Pinduoduo -- is now worth $48.6 billion, the Bloomberg Billionaires Index said.

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This photo taken on July 26, 2018 shows founder of e-commerce company Temu, also known as Pinduoduo, Colin Huang delivering a speech during the launch of the company's initial public offering in Shanghai. (Photo by CNS / AFP)
By NewVision Reporter
Journalists @NewVision
#Beijing # China #Colin Huang #PDD Holdings

E-commerce tycoon Colin Huang has become China's richest man, an index showed Friday, capping an ascent for the former Google employee whose shopping site Temu has sucked in

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