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Who owns Temu & Pinduoduo?
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Pinduoduo Inc. (Chinese: 拼多多; Pinyin: Pīn duōduō) is a Chinese online retailer with a focus on the traditional agriculture industry. Pinduoduo generated RMB 2.44 trillion (US$383 billion) gross merchandise value (GMV) in 2021. The business is the largest product of PDD Holdings, which also owns the Ireland-based online marketplace Temu.
- 2015; 8 years ago
- Colin Huang
- Lei Chen
5 days ago · Colin Huang is the founder of PDD Holdings, the Chinese e-commerce company that changed its name from Pinduoduo in February 2023. Huang, who stepped down as chairman of the company in March...
Sep 4, 2023 · 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.
After the public offering was floated on NASDAQ, Huang's 47% stake in Pinduoduo was valued at $14 billion, making him the thirteenth richest person in China. On 1 July 2020, Huang stepped down as CEO of Pinduoduo but retained his titular position as the company's chairman.
- Establishing Google China
1 day ago · It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage,...
Mar 6, 2024 · The origin story of Pinduoduo is also confusing, but what it does show is that the founder, Colin Huang, has this history of muddying the waters around who exactly owns what to do with his...
- 25 min
Mar 18, 2021 · Hong Kong CNN Business —. Pinduoduo’s founder stepped down suddenly this week, shaking investors who had watched him take the Chinese e-commerce company from nothing to a potential Alibaba ...
