Colin Huang takes another step back from Pinduoduo just when things are starting to take off

//Colin Huang takes another step back from Pinduoduo just when things are starting to take off

Colin Huang takes another step back from Pinduoduo just when things are starting to take off

When Pinduoduo founder Colin Huang Zheng, 41, announced he was stepping down as chairman of the company he built into China’s most widely used e-commerce platform in just six years, it came as a shock to many. But the entrepreneur’s move into a new position in food and life sciences comes amid a regulatory crackdown on Big Tech even as Beijing pours more resources into research and development.Huang is part of a new generation of young Chinese billionaires who built their fortune during the…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2021-03-18T11:45:15+00:00 March 18th, 2021|Technology|Comments Off on Colin Huang takes another step back from Pinduoduo just when things are starting to take off