Who is the person that has surpassed Alibaba founder Jack Ma to become the second-richest man in China?

Jun 29, 2020 PinDuoDuo

In the short five years since its founding, Pinduoduo's market capitalization is nearly $100 billion, becoming the fourth listed Internet company after Alibaba, Tencent, Meituan with a market capitalization of hundreds of billions of dollars.

E-commerce upstart Pinduoduo's 40-year-old founder and CEO Colin Huang, also known as Huang Zheng, has a net worth of US$45.4 billion, according the real-time billionaire list compiled by Forbes. That means he has surpassed Alibaba founder Jack Ma to become the second-richest person in China, closely trailing behind Pony Ma, founder and CEO of Tencent.

What's the secret that Colin exceeded Alibaba founder Jack Ma to become the second-richest man in China?

Focus on long-term investment and the intrinsic value of the company

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