拼多多三天累计涨40% 黄峥身家超越雷军和丁磊 – Beijing News
What happened: Shares of Chinese newly listed e-commerce platform Pinduoduo have jumped more than 40 percent in the last three days.
The market value of the company reached $33.2 billion, more than that of NetEase.
The net worth of Huang Zheng, founder and CEO of the company, jumped to $15.5 billion, surpassing that of Xiaomi’s CEO Lei Jun and NetEase CEO Ding Lei.
Why it’s important: According to analysts at Goldman Sachs, in terms of revenues, Pinduoduo is the fastest-growing company in the world.
Pinduoduo was founded in September 2015 and is especially famous for the group buying model that allows customers to purchase products at very low prices.