Pinduoduo surpasses Alibaba, JD.com in user numbers, as founder Colin Huang steps down as chairman in surprise move

Source: South China Morning PostPinduoduo founder Colin Huang, 41, has stepped down as chairman of the board of directors at the social e-commerce company he helped turn into a giant that now has more annual active buyers than JD.com and Alibaba Group Holding, owner of the South China Morning Post.Having handed over the reins as CEO to Chen Lei last July, Huang will now focus on research in food in life sciences, areas “where breakthroughs could drive the future of China’s largest agriculture platform”, Pinduoduo said in a…Read More

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