Huang Zheng is 321 billion! You can say Im low, but you cant ignore me

category:Finance
 Huang Zheng is 321 billion! You can say Im low, but you cant ignore me


The rapid growth of Huang Zheng and pinduoduo is behind the fact that Chinas Internet is stepping into a new generation. TMD (todays headlines, meituan reviews, Didi travel) and its leaders Zhang Yiming, Wang Xing, Cheng Wei and other younger generation entrepreneurs are gradually standing in the center of the Internet arena.

In just two months, Huang Zhengs fortune soared by 28.9 billion US dollars (about 204.5 billion yuan), which is behind the fact that pinduoduo has been established for less than five years and its market value has exceeded 100 billion US dollars.

Forbess real time rich list shows that the 40 year old founder Huang Zheng has reached 45 billion 400 million dollars (321 billion yuan), surpassing Ma Yun for the first time, becoming the second largest Chinese tycoon, and far away from Chinas Internet celebrity entrepreneurs Liu Qiangdong and Robin Li. Ma Huateng, founder of Tencent, is still the richest man in China, with a fortune of US $51.5 billion.

Despite the successful IPO of Jingdong Hong Kong stock raising of 10 billion yuan, Liu qiangdong, founder of Jingdong, holds 15% of the shares and his fortune soars. However, according to Forbes real-time rich list data, Liu qiangdong ranks 132nd in the world, with a fortune of 12.7 billion US dollars, less than one third of Huang Zheng.

As early as the 34th global rich list released in early April, Huang Zhengs fortune is less than half of Ma Yuns. In just two months, Huangs fortune soared by $28.9 billion. Huang Zheng is only 40 years old this year. Pinduoduo has become Chinas second-largest e-commerce by market value from a game company on the West Lake of Hangzhou, only five years ago.

Like Ma Yun, Huang Zheng, founder and CEO of pinduoduo, was born in Hangzhou, Zhejiang Province. He is a master of computer science after the 1980s.

Huang Zheng is a low-key person. He was a gifted child when he was studying. He was sent to the United States by Zhejiang University for graduate school. Later, he met Duan Yongping, who left step by step and went to the United States. At the same time, he gave up his job at Microsoft and became an engineer at Google, a start-up at that time. Huang Zheng, less than 28, has more than $1 million in stock options after quitting his job at Google for several years.

As early as 2006, Huang Zheng and Li Kaifu participated in the establishment of Google China office and hatched pinduoduo in their game companies in April 2015.

Pinduoduo group, founded in September 2015, has completed four rounds of financing in less than three years, attracting famous entrepreneurs and venture capital institutions such as Wang Wei, Duan Yongping, Ding Lei, Shunwei capital, IDG capital, Sequoia Capital, Tencent industrial fund to participate in investment.

At the end of 2018, pinduoduo was listed in the US stock market after just three years of establishment. Before the IPO, the share structure disclosed in the prospectus was that Huang Zheng held 50.7% of the shares and held absolute shares, while Shen NANPENG, founder and executive partner of Sequoia China, held 4.4% of the shares, and all directors and executives held 5.5% of the shares; in terms of institutional shareholders, Tencent held 18.5%, the second largest shareholder, Gao Rong capital held 10.1%, and Sequoia China held 7.4%.

However, after more than two years of listing, the equity structure of pinduoduo has changed and some investment institutions have withdrawn. As of March 31, 2020, wind shows that Huang Zheng still holds 43.3% equity, followed by Tencent holding 16.5% equity through its investment company and Sequoia Capital Holding 7% equity.

When Huang Zheng was interviewed publicly, he said that Duan Yongpings inspiration in business and life was that fast is slow, slow is fast, and its better to do things with ordinary heart. the price will fluctuate, but as long as your value increases, the final price will be close to the value. We should have no ambition and do well in the present.

In June, pinduoduos share price rose all the way; 618 e-commerce week, pinduoduos share price rose nearly 20% during the period. As of June 22, Beijing time, pinduoduo has become the second domestic e-commerce company to break the hundred billion dollar, leaving JD behind and directly challenging Alibaba.

On the evening of May 22, Alibaba Group (NYSE: Baba, 09988. HK) announced its results for the quarter ended March 31, 2020 and the fiscal year 2020 (April 1 of last year to March 31 of this year). Affected by the epidemic, from January to the end of March this year, Alibabas operating profit and net profit declined significantly; however, in terms of annual profit, the e-commerce business as the basic disk grew steadily, with the consumption business Gmv reaching 7.053 trillion yuan (6.5 trillion yuan from China) in fiscal year 2020, breaking through 1 trillion US dollars.

As of the end of March this year, Alibabas annual active consumers reached 960 million (780 million domestic consumers and 180 million overseas consumers). The growth rate slowed down, but it still left other competitors in volume. At the financial report meeting, Zhang Yong, chairman and chief executive officer of Alibaba group, revealed that 45% of the non first tier and second tier urban and rural people are active users in Chinas market every year; 70% of the new users last year came from this market.

In the past three years, Jingdongs conservative transformation in channel sinking has been criticized by the industry, and has been accelerating recently. According to the previous annual report, in the 12 months ended March 31, 2020, the number of active users in Jingdong increased by 24.8% to 387.4 million year-on-year; in terms of user structure, Xu Lei, CEO of Jingdong retail group, introduced in the financial report conference call, according to the receiving address, the proportion of users in the third to sixth tier cities has exceeded 60%, and the proportion of sales has exceeded 50%.

In contrast, in the early stage of listing, it was regarded as outside the five rings, and it was striving to enter the five rings. At the same time, with the increasing competition of e-commerce customer groups, the difference of customer groups covered by various e-commerce platforms was gradually wiped out. The logic of being falsified should be that there are no users within or outside the five rings, all of them are Chinese consumers who pursue cost performance. An insider commented.

According to the financial report data, pinduoduos revenue in the first quarter of 2020 reached 6.541 billion yuan, an increase of 44% over the same period; the number of active buyers was 628 million, an increase of 42% over the same period,

In the just past 618 e-commerce promotion Festival, pinduoduo has made great achievements after making great efforts. At 0:00 on June 19, pinduoduo released the overall sales data of 618. Driven by 10 billion subsidy and 1 billion cash bonus, the order volume of pinduoduo platform increased by 119% compared with the same period last year, and Gmv increased by more than 300% compared with the same period last year. However, when looking at pinduoduo and Taobao, Huang Zheng once commented that the two models are essentially different. Pinduoduo doesnt want to be the second Ali. Pinduoduos existence is a pattern. You can say Im low and Im low, but you cant ignore me. Previously, Huang Zheng had shared that pinduoduo wanted to be Wal Mart + Costco, focusing on cost performance, rich product structure and direct selling to consumers, rather than the flow logic of Taoyuan platform to search for goods by users themselves. In the open letter, he said that the development of Alibaba and other companies has brought the maturity of domestic new retail infrastructure such as intelligent logistics distribution and technical standards It lays the foundation for the later platform and expects the coexistence of differentiation in the future. Extended reading 135000 makes 100 million! Tencents rolling over Alibaba is worth 2.4 ICBC Xi Guohua, acting as the new CITIC Group FAW, has not announced the successor. Large shareholder cashing: ZTE ah shares fell three months and cashed nearly 2.7 billion. Source: responsible editor of Securities Times: Yang Bin_ NF4368

In the just past 618 e-commerce promotion Festival, pinduoduo has made great achievements after making great efforts. At 0:00 on June 19, pinduoduo released the overall sales data of 618. Driven by 10 billion subsidy and 1 billion cash bonus, the order volume of pinduoduo platform increased by 119% compared with the same period last year, and Gmv increased by more than 300% compared with the same period last year.

However, when looking at pinduoduo and Taobao, Huang Zheng once commented that the two models are essentially different. Pinduoduo doesnt want to be the second Ali. Pinduoduos existence is a pattern. You can say Im low and Im low, but you cant ignore me. Previously, Huang Zheng had shared that pinduoduo wanted to be Wal Mart + Costco, focusing on cost performance, rich product structure and direct selling to consumers, rather than the flow logic of Taoyuan platform to search for goods by users themselves. In the open letter, he said that the development of Alibaba and other companies has brought the maturity of domestic new retail infrastructure such as intelligent logistics distribution and technical standards It lays the foundation for the later platform and expects the coexistence of differentiation in the future.