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Friday, 09 August 2024 11:46

Temu founder tops China's rich list

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Colin Huang, founder of PDD Holdings, has become China's richest person, surpassing ZhongShanshan.

Huang, a former Google employee, launched e-commerce giants Pinduoduo and Temu. With a net worth of $48.6 billion, he's now the world's 25th wealthiest.

Temu, expanding globally, faces scrutiny for alleged manipulative practices.