On July 1, Huang Zheng, founder of pinduoduo, announced that he would step down as CEO of pinduoduo and only retain the position of chairman of pinduoduo. At the same time, Huang Zheng also transferred some shares, with the shareholding ratio reduced to 29.4% from 43.3% in April. According to public data calculation, Huang Zheng gave up as much as 100 billion yuan of personal wealth this time. Since the beginning of this year, pinduoduos share price has reached new highs and its market value has increased by 2.5 times. At the end of June, at the age of 40, Huang Zheng surpassed Ma Yun, the richest man before him, and ranked behind Ma Huateng. At this time, it was only two years before pinduoduo was listed.
In the past two years, many business tycoons have started the semi retirement mode
One is the high-profile growth of the company, the other is the resignation of the founder. Like Huang Zheng, in the past two years, many business tycoons have started the semi retirement mode.
In 2019, the founder of Didi, Cheng Weiwei and Liu Qing, respectively, will step down from the post of chairman and director. Wang Wei, the founder of SF, resigned from his post in two main companies. In September, Mr. Ma stepped down as chairman of Alibabas board of directors. In December, Liu Chuanzhi announced his official retirement.
In 2020, the tide of resignation of business tycoons has not cooled down. In April, Ren Zhengfei, together with five directors, withdrew from the board of directors of Shanghai Huawei Technology Co., Ltd. In addition, Yu Huijiao, founder of Yuantong, has resigned from seven Yuantong companies this year. This year, Lei Jun has successively resigned from many important positions in Jinshan and Fanke departments. Yu Minhong, the founder of New Oriental, also expressed his intention of retiring in a live broadcast in March.
Yu Minhong, chairman of New Oriental Education Technology Group: during the epidemic period, I often consider my retirement and retirement time, but I cant make it public now. I will do something more fun.
The age of retirement is not the main reason
There are various reasons for the boss to abdicate. Ma Yun, founder of Alibaba group, says he hopes to change the world.
However, the reason for abdication is very few. Ma Yun is 56 years old, and Cheng Wei, the founder of Didi, is only 37 years old. It can be seen that age is not the main reason for the retirement of business tycoons.
Chinese manufacturers of extended reading account for 78% of Indias mobile phone market. Will Gree fight back this time! Sina, which has been listed in the U.S. for 20 years, wants to be privatized. This article is from Qiao JunJing, editor in charge of CCTV_ NBJ11279