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Pinduoduo Founder Colin Huang Steps Down From Company
source link: https://www.wsj.com/articles/pinduoduo-overtakes-alibaba-to-become-china-s-largest-e-commerce-company-11615978559
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Pinduoduo Founder Colin Huang Steps Down From Company
Mr. Huang’s departure comes as Pinduoduo overtakes Alibaba as China’s biggest e-commerce company
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What Happened to China's Superstar Entrepreneur Jack Ma
Updated March 17, 2021 11:02 am ET
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SINGAPORE—Chinese e-commerce company Pinduoduo Inc.’s founder and chairman, Colin Huang, stepped down from the company on Wednesday, even as the five-year-old company overtook Alibaba Group Holding Ltd. to become the country’s largest e-commerce company by annual active buyers.
Mr. Huang, 41 years old, is resigning as China’s powerful internet sector comes under growing government scrutiny. His resignation follows another departure from a major company in the sector: Financial-tech giant Ant Group Co.’s Chief Executive Simon Hustepped down earlier this month.
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