Aug 30, 2023 07:16 PM
FINANCE
PDD Co-Founder Colin Huang’s Fortune Grows By $4.3 Billion
00:00/00:00
Listen to this article
1x
Subscribe now
Listen to the full version
Listen to the full version
PDD co-founder Colin Huang derives most of his wealth from his stake in the firm. Photo: Bloomberg
(Bloomberg) — Colin Huang’s wealth surged $4.3 billion Tuesday as shares of PDD Holdings Inc., the Chinese e-commerce company he founded, rose in New York trading.
The Shanghai-based company reported better-than-projected revenue of 52.3 billion yuan ($7.2 billion) in the quarter ended June 30, beating analysts’ average estimates. Its U.S.-traded shares climbed 15% Tuesday to close at their highest level since March.
You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
- PODCAST
- MOST POPULAR
Sign in with Google
Sign in with Facebook
Sign in with 财新