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Top related persons:
Colin Huang - 3 Huang - 2 Yin Liqin - 1 Rich - 1 Jack Ma - 1 Alibaba - 1 Richard Liu - 1 Zhang Zetian - 1
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Nasdaq - 2 PDD - 2 Google - 2 Bloomberg - 2 REUTERS - 1 Rights - 1 PDD Holdings - 1 HK - 1

Search resuls for: "Colin Huang"


5 mentions found


☆ Founder of discount e-shopping firm PDD races up China's rich list
  + stars: | 2023-10-24 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com   time to read: +3 min
Colin Huang, who founded PDD in 2015 and stepped down as CEO in 2020, was the fastest riser in this year's Hurun Rich List, leaping seven places to be ranked China's third richest man with a $37.2 billion fortune. Richard Liu, who founded e-commerce giant JD.com, also saw his wealth, and that of his wife Zhang Zetian, fall by $6.2 billion since last year to $8.26 billion, according to Hurun's list. JD.com's shares fell to a record low earlier this month after banks cut its price targets citing a weaker-than-expected recovery in consumer spending. Hui Ka Yan is currently being investigated over suspected "illegal crimes", Evergrande said last month. Reporting by Casey Hall; editing by Brenda Goh and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.
Persons: Colin Huang, Yin Liqin, Rich, Jack Ma, Alibaba, Richard Liu, Zhang Zetian, Rupert Hoogewerf, PDD's Temu, Zhong Shanshan, Pony Ma, Hurun, Wang Jianlin, Hui Ka Yan, Evergrande, Casey Hall, Brenda Goh Organizations: Nasdaq, REUTERS, Rights, PDD Holdings, PDD, HK, Hurun, Dalian Wanda Group, China Evergrande, Thomson Locations: New York, Shanghai, China
☆ Meet Colin Huang — the billionaire founder of shopping giant Temu's parent company Pinduoduo — who quit Google to become a serial entrepreneur
  + stars: | 2023-09-04 | by ( Grace Dean | Lu-Hai Liang | ) www.businessinsider.com   time to read: +2 min
Colin Huang, the founder of ecommerce giant Pinduoduo, is currently China's fourth-richest person. Huang, who is worth $34 billion, owns 28% of Pinduoduo, the parent company of Temu. Huang was part of the team that launched Google China. Pinduoduo takes a small commission and charges sellers to promote their products on its app, but doesn't hold any stock. Just a year ago, Pinduoduo launched its cut-price shopping app Temu in the US.
Persons: Colin Huang, Huang, Colin Huang isn't, He's, Pinduoduo Organizations: Google, Morning, Sony, Bloomberg Locations: Google China, China, New York
☆ Colin Huang, the founder of the company that owns Chinese shopping app Temu, got $4.3 billion richer after earnings smashed analysts' expectations
  + stars: | 2023-08-30 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +3 min
The founder of Temu owner PDD saw his net worth jump $4.3 billion in one day, per Bloomberg's Billionaires Index. Colin Huang's fortune was boosted by a 15% surge in PDD shares after a bumper second-quarter earnings. The company reported second-quarter revenues of 52.28 billion Chinese yuan, or $7.2 billion — smashing analysts' average estimates of 43.7 billion yuan, per Refinitiv data. Huang was worth $32.8 billion as of August 30, per Bloomberg, making him the 41st richest person in the world. He launched the PDD app in May 2015 after raising $8 million from investors.
Persons: PDD, Colin Huang's, Huang, Colin Huang, Temu, PDD's Organizations: Service, Holdings, Bloomberg, Nasdaq, PDD, University of Wisconsin, Google, Shein's Locations: Wall, Silicon, PDD, Zhejiang, China, Google China
☆ Pinduoduo: One of China's most popular apps has the ability to spy on its users, say experts
  + stars: | 2023-04-02 | by ( Nectar Gan Yong Xiong Juliana Liu | Nectar Gan | Yong Xiong | ) edition.cnn.com   time to read: +14 min
Multiple experts identified the presence of malware on the Pinduoduo app that exploited vulnerabilities in Android operating systems. Evidence of sophisticated malware in the Pinduoduo app comes amid intense scrutiny of Chinese-developed apps like TikTok over concerns about data security. Pinduoduo has previously rejected “the speculation and accusation that Pinduoduo app is malicious.”CNN has contacted PDD multiple times over email and phone for comment, but has not received a response. Google Play is not available in China, and Android users in the country download their apps from local stores. Engineers also found their access to big data, data sheets and the log system revoked, the source said.
☆ Review: Tencent reflects China’s blunted tech edge
  + stars: | 2022-09-23 | by ( Yawen Chen | Thomson Reuters | Beijing | ) www.reuters.com   time to read: +6 min
Over the last decade, the rise of internet giants like Tencent (0700.HK) exposed the flimsiness of the stereotype. “Influence Empire: Inside the Story of Tencent and China’s Tech Ambition” by Lulu Yilun Chen tracks the company’s evolution into a $350 billion social media and gaming behemoth. The backlash also undermined confidence in China’s private tech sector. U.S. venture capital investment has dwindled, and even Chinese tech investors are now venturing abroad. Follow @ywchen1 on TwitterCONTEXT NEWS“Influence Empire: Inside the Story of Tencent and China’s Tech Ambition”, by Lulu Yilun Chen, was published by Hodder & Stoughton on July 14.
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