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E-commerce tycoon Huang tops China's rich list

By Economic Times - 4 months ago
Colin Huang's net worth reached $48.6 billion, making him China's wealthiest individual. He founded PDD Holdings, the parent company of e-commerce platforms Temu and Pinduoduo. Both platforms gained traction through competitive pricing. Despite facing regulatory scrutiny, PDD Holdings announced a significant increase in profit, showcasing strong market performance.

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