Colin Huang Becomes China's Richest Person with E-commerce Success

The founder of PDD Holdings, known for Temu and Pinduoduo, surpasses Zhong Shanshan amid rapid international expansion.

Huang's net worth reaches $48.6 billion, making him the 25th wealthiest globally.
Temu's low-cost model attracts millions of users in the US, Europe, and Latin America.
Regulatory scrutiny and protests from suppliers challenge PDD Holdings' practices.
PDD Holdings' first-quarter profits tripled year-on-year, bolstering its market value.
Temu faces accusations of unfair commercial practices and safety concerns.