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.

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Persons: Colin Huang, Huang, Colin Huang isn't, He's, Pinduoduo Organizations: Google, Morning, Sony, Bloomberg Locations: Google China, China, New York