Colin Huang, the 40-year-old founder of ecommerce giant Pinduoduo, is currently China's third-richest person.
Huang has just stepped down as the chief executive of Pinduoduo, a gamified online marketplace connecting buyers and sellers. It's popular in China and has a market cap of more than $100 billion, giving it a higher valuation than Uber or Sony. "Later our principal called me over and convinced me to go. In retrospect, [thank] goodness that I chose to go to HFLS."
"I was too goal-oriented and wasted too much time striving to be number one in class and a good student," Huang didn't realise how lucky he was at Google until he left. "It was not until three or four years after I left Google, I started to realize how rare it was to come across and join a company like Google at the time. It was a once-in-a-lifetime opportunity and I was extremely lucky."Colin Huang, Pinduoduo founder, in 2018.At Google, Huang saw how challenging it was for foreign tech companies to compete with local Chinese businesses.
As well as subsidies on orders, Pinduoduo offers users cash rewards for playing a game that involves bringing others to the platform. His approach has drawn masses of buyers, and, in turn, sellers, who pay for advertising, which is key to the company's business model and generates more revenue than sales.
Bummer?
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Inside the path to Dun & Bradstreet's $1.7 billion IPO - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Check out our article of a SoftBank company IPO tomorrow
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Inside Montenegro's Aman Sveti Stefan, where the rich vacation - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. For each virus headline, two more virus headlines grow. COVID19 is like the mythical monster Hydra. i stayed here back in 2018, it is amazing and worth every penny!!! 🥰🥰
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
SURVEY: VCs value business profitability over founder pedigree - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The watering down of the VC space continues. Honestly...what’s the appeal anymore You mean they are actually looking at spreadsheets with profits projections? What a joke!
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Only 10% of billionaires have pledged to donate to coronavirus relief - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. They're making bank off it. More to hoard from the economy. Because 90% of them know it’s political BS They do not need to do it. Central Banks will print all relief need and if you need to wallpaper your house they will match that need aswell RossiAndres
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Report: San Francisco has 3rd-most billionaires out of world's cities - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Far left policies have historically been the worst for minorities and the best for the top 1% EatTheRich The Khardasian family follows San Francisco, with 3 billionaires 😁
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
How one UK founder successfully landed investment from the Future Fund - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. What a great feature. Big things to come from Sara and the rest of the Canaree team!
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »