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Temu owner’s founder loses spot as China’s richest person after 18-days

Pelican Press

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Temu owner’s founder loses spot as China’s richest person after 18-days

Colin Huang’s reign as China’s richest person only lasted about two weeks.

A slump Monday in shares of PDD Holdings, the parent company of e-commerce giant Temu, sent Huang’s fortune tumbling by $US14.1 billion ($20.6b) his biggest one-day loss ever.



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