Net worth
$27.6B
Forbes Real-Time · as of Sep 24, 2026
Latest moves
No moves from Colin Huang in the digest yet. The archive grows every morning.
Recent SEC filings
This person doesn't file with the SEC.
Footprint
Companies
PDD Holdings Inc. (Pinduoduo, Temu); FY2025 revenue RMB431.8bn (US$61.8bn), +10%PDD · NASDAQ · Founder · 24.8% · as of Mar 2026 · $78.20 ▼ 1.26%
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- Ticker
- PDD
- Exchange
- NASDAQ
- Role
- Founder (2015); CEO until 2020-07-01, chairman until 2021-03-17; now largest shareholder, no executive role. Company run by co-chairmen/co-CEOs Lei Chen and Jiazhen Zhao
- Stake
- 24.8%
- Stake as of
- 2026-03-18
Investment vehicles
Walnut Street Investment, Ltd. (BVI)holding co
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- Type
- holding co
- Notes
- Holds 1,134,932,140 PDD Class A shares (as of 2026-03-18); controlled by Steam Water Limited
Walnut Street Management, Ltd. (BVI)holding co
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- Type
- holding co
- Notes
- Holds 274,811,940 PDD Class A shares (as of 2026-03-18); controlled by Steam Water Limited
Steam Water Limited (BVI) held via a BVI trusttrust
source ↗More
- Type
- trust
- Notes
- Beneficially owned by Huang through a BVI trust he settled; Huang and his family are beneficiaries
PDD Partnership: Quantum Dot Limited / Qubit Partners L.P. / Qubit GP Limitedholding co
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- Type
- holding co
- Notes
- Quantum Dot holds 370,772,220 PDD shares (6.5%); Huang is sole director of Qubit GP Limited and Quantum Dot Limited. Reported separately from Huang's 24.8%
Legal & regulatory
China's SAMR fined the Pinduoduo platform operator ~RMB1.5bn (part of RMB3.6bn across 7 platforms) for E-Commerce Law…
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- In full
- China's SAMR fined the Pinduoduo platform operator ~RMB1.5bn (part of RMB3.6bn across 7 platforms) for E-Commerce Law and food-safety violations, plus a nine-month halt on onboarding new cake vendors
EU: European Commission opened a DSA investigation into Temu in October 2024; in July 2025 it preliminarily found Temu…
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- In full
- EU: European Commission opened a DSA investigation into Temu in October 2024; in July 2025 it preliminarily found Temu in breach of the illegal-products risk-assessment duty (possible fine up to 6% of global turnover); a separate CPC Network consumer-law inquiry is ongoing
US: DOJ/FTC INFORM Consumers Act case against Temu settled in September 2025 with a $2m civil penalty and a consent…
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- In full
- US: DOJ/FTC INFORM Consumers Act case against Temu settled in September 2025 with a $2m civil penalty and a consent order
US state attorney general suits against PDD/Temu: Arkansas (June 2024, amended May 2025), Nebraska (June 2025; motion…
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- In full
- US state attorney general suits against PDD/Temu: Arkansas (June 2024, amended May 2025), Nebraska (June 2025; motion to dismiss denied 2026-04-09), Kentucky (July 2025), Arizona (December 2025), Texas (February 2026)
Temu suspended in Vietnam (December 2024) and Uzbekistan (March 2025); not resumed as of the 20-F (April 2026)
source ↗Pinduoduo listed on the USTR Notorious Markets list for counterfeits since 2019
source ↗Giving
Starry Night Charitable Trust (2.37% of PDD shares pledged for biomedical science, agriculture and food research); further share donations totalled 10.11% by June 2020
source ↗Research gaps: No personal real estate, private deals or other investments verified. Web search budget ran out, so no press search on Huang's personal activities in 2025-26 (e.g., residence, new ventures). Starry Night EIN not applicable (non-US trust)/not verified. Huang has no SEC person CIK checked; his vehicles file no 13F.
Prices via Finnhub · as of Sep 24, 2026 4:00 PM ET. For information only.
What to watch
PDD Q3 2026 earnings, likely mid/late November (Q3 2025 was reported 2025-11-18). Q2 2026: revenue RMB112.4bn (+8%)…Nov 2026
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- In full
- PDD Q3 2026 earnings, likely mid/late November (Q3 2025 was reported 2025-11-18). Q2 2026: revenue RMB112.4bn (+8%), net income RMB27.2bn (-12%)
- When
- 2026-11
European Commission DSA non-compliance decision on Temu (fine up to 6% of worldwide turnover)
source ↗US state AG cases (Nebraska proceeding after dismissal denied; Arkansas, Kentucky, Arizona, Texas pending)
source ↗End of SAMR's nine-month freeze on onboarding new cake vendors (imposed April 2026, so around January 2027)Jan 2027
source ↗PDD board changes after independent director Ivonne Rietjens died in August 2026
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