A Chinese guy?
Yes, chinese guy.
So he’s not a billionaire, but probably hundreds of millions millionaire. Still great.
He will be after IPO.
you think it’ll 5x?
3x in 12mo. 5x in 24mo.
I actually don’t know his stake. How much does he own?
at most 20%. likely <10.
Ok it says: they are planning to raise 1B through an ipo. At what market cap?
It raised more than $1 billion, at a valuation of about $15 billion, people familiar said at the time.
Looks like he’s already probably worth couple billion.
Another news sourcE:
Chinese ecommerce group listing could value Colin Huang’s stake at $10bn
PDD is targeting a value of about $19.4bn in the IPO — the first by a Chinese tech group since smartphone maker Xiaomi’s listing last week.
Colin Huang holds a 50.7 per cent stake in the business and has pledged to place 2.3 per cent of total outstanding shares in a private charitable foundation.
Maybe he’s going to start another PDD
he said he’ll join a company, so odn’t think so. but he does have potential
Hope he joined PDD
lol, no, he is planning to leave in 6 months
A bit confusing, how different are Taobao, JD, Meituan and PDD?
E-commerce and video streaming are huge in China.
A bump in the road???
walk in the park, duh!
Chinese people going to work the next day after the mega hurricane hit. Just have to work.
Give them chain saws