Colin Huang, the founder of highflying Chinese ecommerce group Pinduoduo, has unexpectedly quit his executive roles to explore “new, long-term opportunities”.
Huang, who steered the company to a New York IPO in 2018, said that Pinduoduo had “become a youth entering adolescence”.
He said he was resigning as chair to make way for a new generation of leaders, and that Pinduoduo “will have its own growth journey regardless of whether I am nervous, excited, or frightened as its guardian”.
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