Colin huang

Adhere to our duties and principles.

colin huang

Even faced with malicious attacks, interpret them kindly. Pinduoduo will always dedicate itself to doing the right things, creating value for society and making the world a better and happier place. Supply and demand are two sides of the same coin. But any reform has to start from one side. As a result, the public overall will suffer and each individual cannot protect themselves. It is impossible to use limited rules to describe the specifications of the world. My approach of investing in the secondary market is the same as doing start-ups.

Have courage to face the common sense, use common sense to make rational judgments and guide your actions. Doing another start-up allows me to achieve greater social impact and a stronger sense of fulfillment. Become a member Sign in Get started. Blocked Unblock Follow Following. Other stories by Colin Zheng Huang. Read more…. Letter to Employees Adhere to our duties and principles. Letter to Shareholders Pinduoduo will always dedicate itself to doing the right things, creating value for society and making the world a better and happier place.

More Market or More Planning? Why am I Doing Another Start-up?Colin Huang belongs to a rarefied cohort of Chinese entrepreneurs who launched their careers in Silicon Valley and then returned home to start successful tech companies. Huang, an ex- Google engineer who worked on early search algorithms for e-commerce, is already on his fourth and most ambitious startup.

How Pinduoduo (PDD) Works

The idea behind PDD is simple enough. Typically shoppers know what they want before they get online. A person goes to, say, Amazon or Alibaba, plugs in a keyword and then picks out what they want after sorting through a few options or reviews. You share ideas about what you like, get feedback from people you trust, maybe gossip a bit. Then, if you make purchases together, you get a discount.

For a time both Twitter Inc. The latter even offered a kind of currency called Facebook Credits. Companies like PDD that start as shopping sites with a social component sometimes work better. To further entice users, he drew on his previous experience with a successful gaming apps and made sure PDD was fun to use.

Demand has exploded, prompting PDD to move into airy Shanghai offices where Huang expects to double his headcount to 1, The bulk-buying business model has flopped elsewhere too, most famously with Groupon Inc. But Huang has had no trouble finding backers, raising his first round of venture money in and closing the latest in February. His father, who never finished middle school, worked in a local factory along with his mother.

Colin was identified early as a bright child, and, at 12, got into the prestigious Hangzhou Foreign Language School. He found himself among the children of the local elite.

He held his own among the brightest at his new school too, and the experience changed his life. One lesson he learned was the economics of internships. To the bafflement of many peers, he went with Google.

Ex-Google Engineer Builds $1.5 Billion Startup In 21 Months

The search engine company did pretty well, of course. After a rocky IPO, profits rose and the stock soared. Though Huang was a minor shareholder, his net worth surged to several million dollars. He was also present at the creation of modern search, when Google was figuring out how to answer user queries online—and advertisers were learning how to market alongside those search results.

Huang moved back to China in when Google was trying to establish itself against local rival Baidu Inc. The end came after he traveled to get them to sign off in person about changing the color or size of the Chinese characters shown in search results.

It was time to move on. Huang resigned, leaving a slug of unvested options behind. He started his first company inan e-commerce site called Ouku. Revenues surged, but he realized Ouku. He had more success with his next ventures. The second is a gaming company that offers role playing games over WeChat. He caught an ear infection and struggled to sleep. He stopped going to the office, eventually deciding to retire in when he was just They had experience in both e-commerce and games, and were convinced there was an enormous opportunity in bringing the two worlds together.

You open up the messaging service on your phone, then click on PDD.Pinduoduo will always dedicate itself to doing the right things, creating value for society and making the world a better and happier place. Pinduoduo is not a conventional company. We founded Pinduoduo when the China market accepted the status quo of the existing e-commerce landscape and thought its formative phase had come to an end.

Within three years, Pinduoduo has attracted over million active buyers and over 1 million merchants through a new shopping format and experience. This exponential growth shows unlimited potential of our platform. As our three-year-old platform is still burgeoning, we know we face many obvious challenges and uncertainties ahead.

Hence, why are we bringing Pinduoduo into the ebbs and flows of the capital markets so soon? Now as the founder, I would like to give you more color on my observation and vision for Pinduoduo so as to give you a more concrete understanding of the company you are investing into. What does Pinduoduo do? Company Value. There are several layers of meaning here:.

We may not always be understood, but we always do things out of goodwill and do no evil. Going forward. If you close your eyes and visualize the next stage for Pinduoduoit would be an exemplification of a multi-dimensional space, seamlessly integrating cyberspace and the physical space. It not only matches information efficiently, but also constantly puts the social interactions of the universe into consideration to make the entire experience more enjoyable.

One good example would be the agricultural industry. China has relatively less arable land per capita given its population and landscape. This is different from countries like the United States, where large-scale farms are prevalent, and the production and transportation of agricultural products could be highly industrialized.

This not only enhances user experience, but more importantly, helps to turn small scale agriculture production of different quality, variety, and volume into a semi-customized batch processing mechanism.

It lowers the unnecessary costs of agricultural consumption and potentially makes small scale customized services viable. The social impact and value to our society would far exceed our business success or the perceived valuation of the company.

We are excited by the small impact we see today, and think this would be a trend even beyond agriculture. Appreciation for our investors. We are grateful to those who are willing to invest in Pinduoduo after reading through the utopian ideas above.

It is not easy to take the leap of faith believing in such an unconventional company, which strives to meet both economic and social needs of users, and to make a positive impact on the society. The pursuit and focus of our long-term vision and intrinsic value may not always translate into near-term profits. Instead, we hope to show you the true colors of our company no matter how bumpy or rough the numbers may seem to be.

We ask you to ride the journey with us for the long term. We believe it will be wonderful. So, what should you expect from Pinduoduo as an investor? First of all, you can reasonably believe that we are far from the best we could achieve. Yet, many of our users have chosen to believe in us.

colin huang

We are encouraged and have every reason to believe that as we work hard day after day to improve our services, more and more users will stick with us, believe in us.Colin Huang is the founder and CEO of Pinduoduo, a shopping app used by as many as 5 million people in China every day.

While it may seem as though Huang's success occurred overnight, one early investor in Huang's company, Ron Cao of the Shanghai-based venture firm Sky9 Capital, says Huang's foundation as an entrepreneur was decades in the making. Cao said his firm was extremely impressed with Huang's entrepreneurial qualities, leading it to invest in Pinduoduo's Series B round along with Sequoia, Lightspeed, and Tencent.

Huang spent several years in Silicon Valley working as an engineer at Google in the early s, something Cao suggests may have led to his well-rounded knowledge of international markets. Cao described Huang as a "serial entrepreneur" who previously built three companies: two shopping startups and a gaming studio called Xunmeng.

While none of these early companies turned out to be a blockbuster success, "he made money on them," Cao said. Huang's long-term entrepreneurial experience was a defining factor in Sky9's investment, Cao said. A big part of what accounts for Pinduoduo's success is the way it incentivizes shoppers to share on the platform — even though it's a shopping app, not a social-media site.

Pinduoduo connects groups of buyers to suppliers, who ship their steeply discounted products once a group has agreed to buy. If people are excited about a product, they're likely to share it on Pinduoduo to get their friends and family to get in on the deal.

Cao described this as "social commerce," a form of shopping that leverages the power of personal networks to the advantage of both the business and the consumer. While Pinduoduo's services are available in only China so far, Cao suggested the platform might soon be poised to expand.

Colin Huang : From Son of a Factory Worker to the CEO of a Billion Dollar Company ‘Pinduoduo’

For now, Pinduoduo is focused on affordable, sometimes cheaply made products. But Cao hinted that this too could change in the future. So they're ahead. There's many opportunities for their expansion, and they're thinking globally.

Get the latest Google stock price here. Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Login Subscribe. My Account.He is the founder and CEO of e-commerce company Pinduoduo. Huang earned a master's degree in computer science from the University of Wisconsin.

Huang joined Google as an engineer in The Shanghai-based company Pinduoduo, also known as PDD, was founded in and reported revenue of 1. From Wikipedia, the free encyclopedia. Colin Huang.

Colin Huang

Retrieved 30 July Retrieved 1 August Business and economics portal China portal Biography portal. Categories : Living people 21st-century Chinese businesspeople Billionaires from Zhejiang Businesspeople from Hangzhou Businesspeople in online retailing Chinese chief executives Chinese company founders Chinese computer businesspeople Chinese software engineers Chinese technology company founders Google people University of Wisconsin—Madison alumni Zhejiang University alumni Chinese people stubs.

Hidden categories: Articles with hCards Articles containing Chinese-language text All articles with unsourced statements Articles with unsourced statements from February Year of birth missing living people All stub articles. Namespaces Article Talk. Views Read Edit View history. By using this site, you agree to the Terms of Use and Privacy Policy. University of Wisconsin Zhejiang University. This Chinese biographical article is a stub. You can help Wikipedia by expanding it.Physicists of the day coverage including, image registration, dose measurement for patient, special phycis consultation, linear accelreator troubhe-shooting, and IMRT QAs using matrix, ion chamber, or film.

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To schedule an appointment with a faculty member physician of IU School of Medicine, contact Indiana University Health at or use the physician finder by clicking the button below.He is the founder and CEO of e-commerce company Pinduoduo.

Huang earned a master's degree in computer science from the University of Wisconsin. Huang joined Google as an engineer in The Shanghai-based company Pinduoduo, also known as PDD, was founded in and reported revenue of 1. From Wikipedia, the free encyclopedia. Redirected from Huang Zheng. Colin Huang. Retrieved 30 July Retrieved 1 August Business and economics portal China portal Biography portal.

Categories : Living people 21st-century Chinese businesspeople Billionaires from Zhejiang Businesspeople from Hangzhou Businesspeople in online retailing Chinese chief executives Chinese company founders Chinese computer businesspeople Chinese software engineers Chinese technology company founders Google people University of Wisconsin—Madison alumni Zhejiang University alumni Chinese people stubs.

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