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What is Colin Zheng Huang’s Net Worth?
| Net value : | $ 57 billion |
|---|---|
| Age: | 41 |
| Born: | April 16, 1980 |
| Native country: | China |
| Wealth source: | Contractor |
| Last update: | 2021 |
introduction
Colin Zheng Huang is a Chinese businessman.
He is the founder and CEO of e-commerce company Pinduoduo, a Chinese e-commerce operator backed by Tencent. The Shanghai-based company known as PDD has more than 840 million users and reported sales of 13.1 billion yuan in 2018.
Pinduoduo is a gamified online marketplace that connects buyers and sellers and has a market value of $ 101 billion, more than Uber or Sony. Huang owns 29.4% of the company.
In 2021, Colin Zheng Huang’s net worth is estimated to be around $ 57 billion.
Early life
Colin Zheng Huang was born in Hangzhou, China.
He was identified as a bright kid and attended the prestigious Hangzhou Foreign Language School at age 12. He went on to study at Zhejiang University, and then obtained a master’s degree in computer science from the University of Wisconsin.
After completing his studies, he started his career at Google HQ in 2004 as a software engineer and project manager. He moved to China in 2006 and was part of the team that created Google China.
Career
After completing his studies, he started his career at Google HQ in 2004 as a software engineer and project manager. He moved to China in 2006 and was part of the team that created Google China.
Huang founded his first business in 2007, an e-commerce site called Ouku.com that sold consumer electronics and cell phones.
He sold it in 2010, then launched Leqi, which has helped companies market their services on websites like Alibaba’s Taobao or JD.com. He was also involved with a game company that offered role-playing games on WeChat.
Huang fell ill and decided to retire in 2013 when he was only 33 years old. During his recovery, he developed the idea of ​​the PDD in part by studying Alibaba and Tencent Holdings.
Huang raised $ 8 million from a group of investors led by Banyan in May 2015 and launched the app to help bring together China’s two largest internet companies.
PDD raised around $ 100 million in 2016, giving the company additional resources to attract more merchants and customers. The company made its initial public offering in the United States in July 2018.
In 2021, Colin Zheng Huang’s net worth is estimated to be around $ 57 billion.
Strong points
Here are some of the highlights of Colin Zheng Huang’s career:
- Founder and CEO of Pinduoduo
- Founded Ouku.com (2010)
Favorite quotes from Colin Zheng Huang
“We wanted to invite more of our clients to participate in the ceremony, but it might have been a bit difficult to get visas for all to go to the United States. Isn’t it better that consumers, investors, all of us, including me, are here[inShanghai?”[InShanghai?”[à Shanghai ? »[inShanghai?‖ Colin Zheng Huang
“Compared to other schools, we were increasingly exposed to Western culture and influence. “ – Colin Zheng Huang
“I never thought of changing the world. I just want to get it right step by step. If I can change the way people do things in their daily lives, I think that’s already good. – Colin Zheng Huang
“We were exposed to Western culture and influence much earlier, more deeply and to a greater extent. Many of us are more liberal than our peers in other schools †– Colin Zheng Huang
3 life lessons from Colin Zheng Huang
Now that you know all about Colin Zheng Huang’s net worth and how he got it; Let’s take a look at some of the strongest lessons we can take from him:
1. Strength and desire
The size of your success is measured by the strength of your desire, the size of your dream, and how well you deal with disappointment along the way.
2. Success is difficult
Success is not built on success. It is built on failure. It’s built on frustration. Sometimes it’s built on disaster.
3. Imagine it
You can’t do it unless you can imagine it.
Summary
Colin Zheng Huang is an amazing businessman who has shown us that anything is possible if you just put your soul and heart into it. Today, Huang is one of the richest people in China.
Huang stepped down as managing director of Pinduoduo, which managed to accumulate a market capitalization of over $ 100 billion in less than five years.
In 2021, Colin Zheng Huang’s net worth is estimated to be around $ 57 billion.
What do you think of Colin Zheng Huang’s net worth? Leave a comment below.
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