Colin Huang

Colin Huang or Huang Zheng (born 1 January 1980) is a Chinese businessman, investor, and philanthropist. He is the founder and former CEO of the e-commerce company Pinduoduo, which is now the largest agriculture platform in China. Huang is also the owner of at least three other limited liability Cayman companies, including Pinduoduo.
Early life and education
Huang was born in 1980 in the outskirts of Hangzhou, Zhejiang. His parents were middle-class factory workers. He attended Hangzhou Foreign Language School.
At the age of 18, Huang began studying computer science at Chu Kuchen Honors College of Zhejiang University. During his freshman year, he was selected as a fellow at the Melton Foundation. Huang graduated with a master's degree in computer science from the University of Wisconsin in 2004.
Business career
Early career
Huang interned at Google and Microsoft. He became an engineer with Google in 2004. In 2006, he returned to China with Kaai-fu Lee to expand Google services in China.
After resigning from Google in 2007, Huang started the e-commerce site Oku. He sold it for $2.2 million in 2010. In October, he ranked seventh on the 2019 Huron Report. In March, he ranked second in the 2020 Huron Global Young Zhuang Sect Self-Made Rich List. In November, he was named to the 2021 Forbes Rich List of Mainland China, ranking sixth with a wealth of ¥213.2 billion.
Pinduoduo IPO
Huang founded and led the Shanghai-based company Pinduoduo in 2015. Pinduoduo had a revenue of 1.4 billion yuan ($280 million) in 2017. In 2019, the company generated a revenue of $4.33 billion US dollars (30.14 billion RMB). The company became publicly traded following an initial public offering in the United States in July 2018, raising $1.6 billion in investment backing capital. 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. On 17 March 2021, Huang stepped down as chairman and entrusted the voting rights of his shares to the Board. The company said Huang will pursue "new, long-term opportunities."
Philanthropy
By June 2020, Huang reduced his Pinduoduo stake to 29.4% by donating 2.37% to a charitable foundation and 7.74% to the Pinduoduo Partnership. He also donated 2.37% to an irrevocable charity to promote social responsibility development and scientific research. Huang was named the leading philanthropist on the Hurun China Philanthropy List in 2021 after pledging US$1.85 billion for social responsibility projects and scientific research.
According to Bloomberg, Huang and the Pinduoduo founding team have donated 100 million (2.37% of Pinduoduo shares) to the Starry Night Charitable Trust to "support fundamental research in biomedical science, agriculture, and food."
See also
Duan Yongping
Jack Ma
Yiming Zhang
Notes
In this Chinese name, the family name is Huang.
References
External links
The letter to the shareholders at Pinduoduo
Colin Huang on Wechat
Colin Huang on Forbes
1980 births
Living people
21st-century Chinese businesspeople
Billionaires from Zhejiang
Businesspeople from Hangzhou
Businesspeople in online retailing
Chinese computer businesspeople
Chinese investors
Chinese philanthropists
Chinese software engineers
Chinese technology chief executives
Chinese technology company founders
Google people
University of Wisconsin–Madison College of Letters and Science alumni
Zhejiang University alumni