Colin Huang
Temu Founder Colin Huang Loses $14 Billion in Single Day Amid Share Price Plunge
Colin Huang, the founder of Chinese e-commerce giant PDD Holdings and the online trading platform Temu, has seen his fortune plummet by 14 billion dollars in a single day. Huang, who had briefly held the title of China's richest person, fell to fourth place following a significant 29 percent drop in the value of the company's shares traded in the US.