Founder of Chinese e-commerce firm Pinduoduo departs
Founder of Chinese e-commerce firm Pinduoduo departs ZEN SOO, AP Technology Writer March 17, 2021 FacebookTwitterEmail HONG KONG (AP) — Colin Huang, founder of the Chinese e-commerce firm Pinduoduo, stepped down as chairman Wednesday just as the company’s annual user base surpassed that of rival Alibaba. Huang, who founded Pinduoduo in 2015 and is China’s third-richest man with a net worth of about $56 billion, said that he is giving up the chairmanship to pursue research in food and life sciences. Huang’s board seat will be taken by CEO Chen Lei, according to the company. Shares of ...