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.
PREMIUMBusiness
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)
NewVision Reporter
@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