Pinduoduo offers discounted products through group-buying and games, making revenue via commissions and promotion fees without stocking items.
Huang, starting from humble beginnings, transitioned from a math Olympiad winner to a wealthy e-commerce entrepreneur, driving Pinduoduo's rapid expansion.
Huang's net worth peaked at $70 billion in 2021, making him China's wealthiest person, showcasing Pinduoduo's success. Pinduoduo expanded to the US with Temu in 2022.
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