Colin Huang is a Chinese billionaire. Generally speaking, he is known for being the founder and former CEO of an e-commerce platform called Pinduoduo. However, it is worth mentioning that Huang has also founded other companies.
1. His Chinese name is Huang Zheng
Huang is a Chinese citizen. As a result, Colin is the English name he uses in English contexts, which is not an uncommon practice for Chinese citizens. His Chinese name would be Huang Zheng, Huang being his last name and Zheng his personal name.
2. Studied at Zhejiang University
As for education, Huang went to Zhejiang University, which is located in the capital of Zhejiang province. For those unfamiliar, the school is one of the nine institutions that make up the China C9 League, an official group aimed at further promoting Chinese higher education. Because of this, the C9 League schools receive a large amount of funding in addition to special resources, allowing them to become even more elite.
3. He studied at the University of Wisconsin.
Later, Huang went to the University of Wisconsin-Madison, which is the flagship campus of the University of Wisconsin System. Generally speaking, the school is highly regarded, as evidenced by the way it is viewed as one of the public ranks. In fact, the University of Wisconsin-Madison can claim a number of very impressive scientific firsts, with examples ranging from the discovery of vitamins A and B to the first chemical synthesis of a gene. There, he studied Computer Science with the result that he graduated with a master’s degree in the subject.
4. Founded Xinyoudi
As mentioned above, Pinduoduo is not the first company founded by Huang. Before that, there was Xinyoudi, which was a company that focused on making online games. In short, China is home to a huge gaming market thanks to its large population, as well as the degree of computer use in that large population. As a result, there is a lot of money to be made by those who are able to access relevant consumer segments, although the sheer number of competitors means that ensuring success in this regard is much easier said than done.
5. Founded Ouku.com
Speaking of which, Huang was also the one who founded Oukou, which is also an online e-commerce platform. Because of this, not only did he have business experience when he founded Pinduoduo, he had specific business experience in the field when he founded Pinduoduo. Something that presumably helped him overcome the whole series of problems startups can run into when trying to get off the ground.
6. Always interested in science
Huang has been interested in science since he was a child. For example, he competed in a math Olympiad where he managed to do quite well, as evidenced by the fact that he walked away with an award for his efforts. Furthermore, this was the incident that convinced Huang’s teacher to take the entrance exam for the Hangzhou Foreign Language School, which was a very selective institution. He went in, but was reluctant to go to school because he was concerned that it would focus on foreign languages instead of the mathematics, physics, and chemistry that interested him. Fortunately, Huang’s principal convinced him to go to Hangzhou Foreign Language School despite his misgivings, which he now believes has been the right course of action for him.
7. You regret being too goal oriented
It is interesting to note that Huang has a very humble origin. As a result, he has come a long way over the course of his career, which is why he is known for calling himself a phoenix that has managed to fly out of a chicken coop. However, Huang regrets that he was so goal-oriented when he was young, with the result that he has expressed regret that he did not spend more time being mischievous, rebellious and enjoying his youth.
8. You have noticed the challenges of foreign companies in hiring the best Chinese talent.
Thanks to his time at Google, Huang noted that many foreign companies have a difficult time hiring top Chinese talent. There does not seem to be a single reason for this phenomenon. Instead, there appear to be several of them. For example, many foreign companies entrust their recruitment to recruitment agencies, which translates into a longer wait time and greater disconnection in other ways. Likewise, many foreign companies seem to think that hiring local talent should be cheaper than hiring talent from elsewhere, thus alienating Chinese talent who will compare their compensation with that of …