Temu Owner Colin Huang Is Now China's Richest Person

Colin Huang, the tech tycoon and owner of e-commerce giant, Temu, has become China's richest person. He replaces Zhong Shanshan, the country's bottled-water king who held the top spot since April 2021. The 44-year-old former Google engineer started Pinduoduo, an e-commerce platform known for selling dirt-cheap products with massive promotions, in 2015. Bloomberg's Charlie Wells reports.

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[somerandomfella]

He brought selling cheap shit to another level..

[chasedownblocks]

Not gonna lie, Temu has the exact same items as Amazon with half the price. With inflation soaring, Temu is a winner.

[coolinspirefunnybook]

colin huang is different level kind of rich at China.he is smart, ever work at Google, almost at Microsoft.

[istudy]

How can things be soo cheap on Temu? Easy, Amazon is a reseller marketplace that BUYS from temu and resells to us. Temu cuts out middleman so you can get cheap items cheaper

[njabulombuyazi]

not surprised. I live on Temu!!! they have things I didnt know I wanted at a super low price

[orangecat]

Amazon is not cheap baby!
We're just paying for convenience.

[pandaho]

Pinduoduo is massively successful due to how cheap it is. There's also no shopping cart, therefore when you see something you want to buy, you have to buy it then.

[lifeisabeautifulshow]

He seems to know what his destiny will be in China

[shekharm]

Shop like a billionaire, even alibaba felt that space 🚀😎

[VOXSTREEM]

erm actually 🤓 he is the 3rd richest🤓🤓🤓🤓🤓

[shawyonsharifi]

Nah u won’t catch me dead shopping on temu 💀

[Mal]

No issues with Temu and use them quite often

[warfighter]

If temu would only remove the malware. That's genuinely my only problem with it. For the rest, it's great as long as you dont expect too much of the products

[lyndasmithson]

Why can't I get my return labels sorted with your company

[yassinet]

Tell him to remove all those anoying coupons

[ssuwandi]

Why Bloomberg never picked up the DOJ's suing his Tiktok

[sigben-shorts]

lol next to be kidnap by winnie the pooh

[rhysanthony]

Colin Huang is not suicidal. He never committed corruption. He has always loyally served the CCP and Xi.

[seamac]

Making billions selling cheap garbage. Bravo.

[jackicrew]

China is old and wise. I hope they understand the effect that the recent boom of tech innovations is having on its people. There will be no China left to save if all of its people have been poisoned by young men that are thinking only of a fast life and LED filled future.