In this success story, we are going to share the story of Colin Huang, the CEO of China’s biggest eCommerce platform, Pinduoduo.
There are rare chances that the destiny of a person meets his talent and help him, achieve the things that at a point might be unimaginable. But there are real examples in the past that have proved that in the success of a person, his hard work and talent work even more efficiently if his destiny is working with him too.
The son of worker Parents, Colin Huang, would have never thought that his brilliance and his destiny, will coincide and he will have his own rag to riches story. The 13th richest person in China, in just three years of time period. The life story of the Huang surely is a great example and inspiration for many.
Colin Huang Early life
Colin Huang was born in the year 1980, in Hangzhou to the worker class parents. While in school, he participated and won a medal in a Mathematics Olympiad, after demonstrating an aptitude in Mathematics. This was the point when his destiny started pushing him towards a good life. The prize of the Olympiad was a scholarship to a reputable school in Zhejiang province.
In the school, he got to know many elite students. And was even introduced to the daughter of the Mayr of the School, as she too studied in his class. This helped him a lot to build up confidence in him. And hence became more comfortable in interacting with the most brilliant students of the school.
As soon hs completed his school, another opportunity came into his lap, and he was chosen to study at the prestigious Zhejiang University, where he pursued a degree in computer science. In his first year, he was also selected to be a part of the Melton Foundation.
Colin Huang Career
At the time of his college, he started an internship at Microsoft Bejing, where he earned the stipend worth 6000 YUAN. According to an interview, Huang accepted that the stipend he received for the internship. And was already greater than the salary of his parents altogether at the same time.
After completing his education in 2004, he received the offer letter from three big companies that are Microsoft, IBM, and Oracle. Turning down all the three offers. He decided to work with Google, the company which had just filed its IPO in the same year.
Huang joined Google as an engineer. After working for three years with the company in 2007. But he resigned from his post as he got tired of flying back and forth, from the US to China, to resolve even the tiniest of matters. By the time he had earned a lot of good money and was able to take the decision of quitting his job.
He flew back to China and started his first venture, an eCommerce website named Ouku. The website became popular soon, and after three years in 2010, Huang sold the website. After Ouku, he founded Leqi, another website, and then Xunmeng, a gaming studio.
All the three ventures he started paid him well to lead to him to found another venture, Pinduoduo, which is also the most successful venture of the serial entrepreneur, Huang.
In the year 2018, the company reported more than 200 million users. In July 2018, the company went to public on NASDAQ, and with a $1.6 billion IPO. It became the largest IPO of 2018. Pinduoduo is one of the youngest companies which are giving a tough competition to the more than a decade old companies giants like the JD.com and Alibaba. In fact, it is the third-largest eCommerce company in China by sales number, after the mentioned companies.
According to Huang, he had never thought of changing the world. But if he is contributing to that, there is nothing bad in that.
Also Read: Mark Zuckerberg Biography: Success Story of Facebook Co-founder
