Lead:
Huang Zheng, the founder of Pinduoduo, a legendary business tycoon, built Pinduoduo into a well-known e-commerce platform in just three years, but at the peak of his career, he stepped down as chairman of Pinduoduo, which attracted strong attention from the outside world.
This business wizard, who was once on the rich list and dined with Warren Buffett, has now given up his wealth and devoted himself to public welfare undertakings, donating 100 billion yuan. His story is full of mystery, how did he lead Pinduoduo to its development, and how did he give up his wealth to become the first good?
First, the success of the founder of Pinduoduo
Pinduoduo is now an indispensable shopping app for people, from the "and Xixi" that everyone laughs at to the current and Taobao go hand in hand, it is really staggering, and the founder of Pinduoduo, Huang Zheng, is really a character.
Although Huang Zheng's family background is ordinary, he has shown a talent and love for mathematics since he was a child. He won the first prize in the Olympiad Mathematics Competition, which made him realize what he was capable of. His teacher suggested that he join the school's math competition team and participate in national and international competitions. Through these activities, Huang Zheng exercised his problem-solving skills and gradually clarified his ideal of becoming a mathematician when he grew up.
But many times competence alone is not enough. During his time at university, Huang Zheng had the privilege of participating in the Melton Foundation's exchange program, which gave him the opportunity to meet top scholars and business leaders in China and abroad, and learn from them to Xi and discuss issues in related fields. This project not only deepened his understanding of mathematics, but also developed his ability to work with others and solve practical problems.
Huang Zheng attracted Ding Lei's attention with his talent during college. Ding Lei introduced Duan Yongping to him, and the two had common interests and goals, and soon established a deep friendship. Duan Yongping is a very successful entrepreneur who has achieved great success when he founded well-known brands such as "Xiaobawang" and "BBK".
Huang Zheng learned a lot of entrepreneurial experience and wisdom from Duan Yongping, and got some investment opportunities. After Duan Yongping's help and guidance, Huang Zheng decided to join Google. He sees Google as a place full of opportunities to exercise his abilities and gain access to the world's most advanced technology and knowledge.
During his time at Google, Huang Zheng was gradually promoted through the ranks and became a product manager. He always puts his mission and values before interests, which has allowed him to gain a certain popularity and prestige within the business.
Huang Zheng began to feel that the life model of working in a large company did not suit his pursuits. He is eager to challenge himself and achieve greater success. So he decided to quit his job at Google in 2007 and start his own entrepreneurial path. In the early days of entrepreneurship, there were also some difficulties and setbacks.
He accepted Duan Yongping's introduction to BBK's e-commerce business, but the project did not make much progress. So Huang Zheng decided to establish Leqi Company by himself, trying to further expand his business in the field of e-commerce. Although it did not achieve fruitful results at first, Huang Zheng was not discouraged. He realized he needed to find a unique entry point to challenge the market.
In 2015, Huang Zheng used the WeChat social platform to create Pinhao. This innovative model attracted a large number of users and made Huang Zheng successful. By inviting friends to join orders, he realized the user's demand for group purchase preferential products. Spelling good goods not only allowed Huang Zheng to realize his entrepreneurial dream, but also provided users with a more convenient and affordable way to shop.
Second, after success, he retreated bravely
On March 17, 2021, Pinduoduo has become a large-scale shopping app that goes hand in hand with Taobao JD.com, but the founder Huang Zheng suddenly resigned. Huang Zheng's sudden resignation has caused widespread speculation and commentary in the industry.
Some people think that he may have other more important plans, otherwise why did he choose to leave when his career was at the peak, while others think that it may be due to personal reasons, such as physical discomfort or family problems.
Huang Zheng then revealed more reasons for his resignation in an interview with the media. He said that Pinduoduo is undergoing a transformation, expanding from the original pure asset-light platform to a more diversified and broad business area. This move will require a new management team to adapt and drive the transformation process.
As a founder, he sees it as his responsibility to pave the way for the future of the company, rather than to stick to the status quo. Therefore, he made the decision to abdicate and make way for Hyun. Although Huang Zheng's reasons are reasonable, this decision still causes controversy.
Investors have expressed an incomprehensible attitude towards this, especially in the context of Pinduoduo's promising prospects and rising market value in less than three years after its listing, Huang Zheng's departure is shocking. Even seasoned Wall Street analysts were puzzled by his decision.
Huang Zheng's departure does not mean that he is completely cut from Pinduoduo, because he is still a shareholder of the company. This means that he still has some influence and decision-making power to direct and influence the company as a shareholder. With the departure of Huang Zheng, the public set its sights on the new CEO Chen Lei.
Chen Lei is Huang Zheng's partner, and the two have known each other for 18 years in the early days of entrepreneurship. Lei Chen is a postdoctoral fellow who worked as a R&D architecture engineer at Oku.com. His rich experience and ability make Huang Zheng feel at ease to put Pinduoduo in his hands. Even without Huang Zheng's direct guidance, Pinduoduo can maintain orderly operation.
Huang Zheng is not without emotion for Pinduoduo's resignation, because this is the stage for him to show his ability. Although his entrepreneurial experience is vigorous, it is also full of bitterness and challenges. Huang Zheng firmly believes that opportunities are reserved for those who are prepared, and as he is about to move towards his next personal plan, he believes it is time to entrust the company to other capable managers.
Huang Zheng's resignation has undoubtedly brought new challenges and opportunities to Pinduoduo. Under the leadership of Chen Lei, the company will continue to meet the challenges of future development and achieve the vision envisioned by Huang Zheng. After all, successful entrepreneurs don't just care about their personal achievements, they also care about the legacy and influence they leave behind their company.
Third, with a lot of wealth and more than 100 million yuan but a merciful heart, the richest man turned around and became the first good
Huang Zheng's road to Pinduoduo can be described as smooth sailing. In 2015, he keenly captured the huge potential of the e-commerce market and founded Pinduoduo. With its unique business model and precise market positioning, Pinduoduo has achieved amazing success in a short period of time. Huang Zheng's innovative thinking and business wisdom enabled Pinduoduo to achieve profitability in just three years and occupy a place in the e-commerce market.
Just when Pinduoduo was thriving, Huang Zheng chose to leave. He resigned as chairman of Pinduoduo and donated part of his shares to a charitable foundation. The move came as a surprise to many, with some even questioning whether he opted out because he had made enough money.
In fact, Huang Zheng's decision was not a whim. For a long time, he had great success in his career, but he was also under great pressure. Overwork caused some problems in his body, such as otitis media. These questions made him realize that life is not just about pursuing money and success, but also about focusing on one's health and well-being.
He is a wise and visionary entrepreneur who has created a business empire through his efforts and talents. He is not satisfied with personal success and wealth, but hopes to make greater contributions to society through his actions.
He transferred 7.74% of his shares to the Pinduoduo group, which is his recognition and support for the e-commerce industry. As an emerging e-commerce platform, Pinduoduo has become a leader in the industry in a short period of time. His move has undoubtedly injected more capital and confidence into Pinduoduo, allowing the platform to develop and grow better.
He also transferred 3.77% of his shares to angel investors. These investors have given him a lot of help and support in the early days of the business, and his action is a reward and gratitude to them. At the same time, this is also his recognition and support for entrepreneurs and innovative spirit, hoping to inspire more people to embark on the road of entrepreneurship.
In addition to this, he also donated 3.37% of his shares to charitable foundations. This is his love and concern for social welfare, and he hopes to make a modest contribution to the society through his own strength. His move will undoubtedly inspire more people to participate in public welfare undertakings and make the world a better place.
He proved with his actions that successful entrepreneurs should not only create wealth, but also have a sense of social responsibility, and use their own strength to change the world and make life more meaningful. Huang Zheng's story allows us to see the other side of a successful entrepreneur. Not only did he achieve great success in business, but he also showed selfless dedication to philanthropy.
Fourth, conclusion
As a platform for selling various goods, Pinduoduo has undoubtedly taken root in the hearts of the people, although there are some negative reviews, and it has successfully changed the status quo of e-commerce in China and proved the vitality of the Internet economy. Huang Zheng chose to retreat bravely after becoming a top richest man, which makes people curious about his future.
Source: China Fortune Network