Pinduoduo s market value exceeded 200 billion, and Huang Zheng became the third richest man in Chin

Pinduoduo's market capitalization exceeded $200 billion. According to the Forbes real-time rich list, Huang Zheng's worth has surpassed Ma Huateng, reaching 58.6 billion US dollars, becoming the third richest person in China. Huang Zheng's success is inseparable from Duan Yongping's guidance, coupled with the success of the Pinduoduo model, the platform's main spelling is interesting and novel, high-quality and inexpensive, attracting many low-quality consumers.

At the same time, Huang Zheng's work experience allowed him to learn some things that others could not learn, and also provided him with entrepreneurial ideas.

In the past, Pinduoduo was despised by many people, believing that fakes were rampant and the products were low-end. But in just a few years, Pinduoduo's market value almost caught up with Meituan, and its founder Huang Zheng also appeared on the Forbes rich list. Pinduoduo is moving forward steadily with the slogan of tens of billions of subsidies, and the platform has 100 million active users and has good development prospects.

Huang Zheng's success is inseparable from his own excellence, and it is also inseparable from his excellent work experience. He majored in computer science, so he entered the Internet industry after graduation. He worked with Kai-Fu Lee. This is a testament to his ability and gives him a lot of work experience.

Huang Zheng believes that Pinduoduo's user stickiness and consumption growth are inseparable from the platform's simple and easy-to-operate characteristics, interesting shopping experience and high-quality and low-cost products. He discovered a great pattern and had a certain mass base. Through the way of spelling, users can buy their favorite products at a very low **.

In particular, some fourth- and fifth-tier cities, including rural areas, are deeply loved by people.

Huang Zheng's success is also inseparable from Duan Yongping, chairman of BBK Group, Duan Yongping has been guiding Huang Zheng behind his back, which can be said to have laid a solid foundation for Huang Zheng's success. All in all, the success of Pinduoduo proves the success of Huang Zheng, he has indeed captured people's shopping psychology and seized the opportunity of the times.

I think his success is on his own, he showed his ability when he worked at Alibaba, and after leaving Alibaba, he quickly founded Pinduoduo, and his instant rise can be seen how strong his ability is.

Relying on himself, he has a lot of brains and finds some business opportunities in the competitive market of incentives.

In addition to his own marketing methods, the most important thing to thank is the users of Pinduoduo, as well as the merchants who have settled in Pinduoduo, because of the guarantee of the goods, and the discount on the **, there are more and more users, so the sales are getting higher and higher, and the value has naturally increased.

His success depends on himself, he has a flexible mind and works very hard, his luck is good, he has the help of noble people, and he has a unique vision to see the needs of the market, so he can succeed.

The Internet industry is the law of the jungle, and there is no way to survive by relying on capital, on oneself, and on the team.

Huang Zheng was able to rank seventh in the Hurun Report with a value of 135 billion yuan in just over ten yearsIt comes from his own professionalism and knowledge, as well as his foresight and keen e-commerce mind, as well as his decisive and precise way of thinking and his clever way of grasping the needs of the market.

Huang Zheng, a native of Hangzhou, Zhejiang, studied computer science at university, and later studied in the United States, obtained a master's degree in computer science, and joined Google Inc. in the United StatesIn 2007, he broke away from Google and started his own business, and in just a few years, he created a new model of social e-commerce - Pinhao, and created Pinduoduo under this business model, and later Pinduoduo and Pinhaohao merged, Huang Zheng was both the founder and the chairman.

Pinduoduo in the way of relatives and friends to buy goods at the lowest**, so that users experience the fun of shopping, Pinduoduo's ** is so low, first of all, the merchants who enter this platform must be lower than the general platform**Check-in**, from the source to reduce **, secondly, due to the large number of Pinduoduo users, many merchants in order to promote their own products, at the expense of low prices, so Pinduoduo has a lot of merchants to promote products, in addition to Pinduoduo low check-in threshold, various restrictions are relaxed, before the cost of check-in of merchantsIn addition, the uneven quality of products also leads to Pinduoduo** being lower than the general e-commerce platform.

Because Pinduoduo is cheap, rich in goods, more benefits, more discounts, and more than 400 million users today, Pinduoduo has more than 400 million usersAnd the number of users is still increasing, and Huang Zheng, CEO and chairman of Pinduoduo, has also become a miracle in the e-commerce industry, entering the top 100 of the 2019 Forbes Global Rich List and being named one of the top ten Internet entrepreneurs in Shanghai.

His experience of starting a business was also very hard, but he grasped the psychology of shopping in some small places and created Pinduoduo. The marketing is also in place, so it is on fire.

Relying on the shopping demand of the market, he built a cheaper shopping platform, with a large number of customers, and began to make a fortune.

Of course, he made his fortune on Pinduoduo, Pinduoduo is used by more and more people, and he will make more and more money.

Huang Zheng has a good eyesight and sees the development prospect of Pinduoduo as the business model, so as to enter the top ten rich.

The demand of the market, as well as the keen observation of the market, as well as special business methods, propaganda means and so on.

On March 9, the Hurun Research Institute released the "2020 Hurun Global Young Zhuang Self-Made Rich List". 35-year-old Mark Zuckerberg has become the world's richest self-made man after 80 years with 590 billion yuan for the fifth consecutive year, and Pinduoduo Huang Zheng ranks second on the list with a wealth of 126 billion yuan, and is the richest man in China after 80 years.

He just made a fortune by doing a lot of money, a very powerful person.

He develops these programs according to the needs of the market and develops them through his own unremitting efforts.

He saw a large part of the demand for goods in the market, so he started his business.

Pinduoduo's Huang Zheng didn't want to be in the limelight anymore, not only stepped down as CEO, but also changed shares.

Huang Zheng transferred the shares to the senior management team, donated the shares to establish Fanxing Charity**, and returned the shares of angel investors to the original owners.

What is the meaning of Huang Zheng's wave of equity operations?

We all know that when Pinduoduo was listed, Huang Zheng did not ring the bell on the spot, and he rarely spoke in public, mainly through letters to shareholders to communicate with the outside world, which shows that Huang Zheng was originally a low-key person.

Huang Zheng really wants to retreat into the background, I think the main reason is that Huang Zheng is unwilling to be the richest man, which is in line with his low-key personality.

Recently, Pinduoduo's stock price has risen sharply, and many remarks are saying that Huang Zheng has surpassed Ma Yun to become the richest man in China, but this is really not the case, after all, Huang Zheng's shares themselves have many factors of nominee holdings and non-listed companies. Therefore, Huang Zheng took the initiative to reduce the shareholding ratio.

For the long-term development of the company's organization and personnel, Pinduoduo will continue to establish and improve the partnership system. We can see that Huang Zheng will give the shares of Pinduoduo listed companies under his personal name to the Pinduoduo partner collective.

In fact, Pinduoduo adopts the "AB share + Ali-like partner system", which is similar to the control design of JD.com and Alibaba.

And Huang Zheng's shareholding is still high, and this company is still firmly in the hands of Huang Zheng.

Huang Zheng no longer serves as the CEO, but directly serves as the chairman, which also shows from the side that he has confidence in his company and his subordinates, and believes that Pinduoduo has passed the dangerous period and is on the right track, so there is no need to pay too much attention to specific affairs, and he should know how to let go and leave it to others to take care of.

We can see this from other Internet companies in China:

Although there is a great opportunity for consumption sinking market, another opportunity for consumption upgrading cannot be missed for Huang Zheng.

Huang Zheng needs to retreat behind the scenes to think about how Pinduoduo should break the game, is it to learn from Ali to found Tmall? If Huang Zheng gives this kind of answer, it is too uncreative.

Chen Lei, as the co-founder of Pinduoduo, was previously responsible for Pinduoduo's technology, and Pinduoduo's grouping and slashing gameplay was calculated by his "distributed AI".

Moreover, Chen Lei is not averse to showing his head, he often attends various industry conferences and events, and gives speeches on stage.

And Huang Zheng, the president of Pinduoduo, has also become the third richest person in China after Ma Yun and Ma Huateng. But at the peak moment of Pinduoduo, Huang Zheng, who was just 40 years old, announced that he would take a back seat. His reason is to give up the Internet stage to better young people.

At this time, it is not that they are afraid of competition, but that they do not want to get involved in bloody business battles.

He hopes to think about the future development of Pinduoduo with an ordinary heart, which is the great wisdom of Huang Zheng's life, and Pinduoduo is actually Huang Zheng's fourth joint venture. At that time, the newly established Pinduoduo was poor, with factories all over the country like JD.com, and it did not have the appeal of Alibaba. At that time, he only had talent and technology.

One of the most correct things Huang Zheng did was to give the social form more shopping attributes. Although we are tired of all kinds of bargaining sessions, we have to admit that this is a kind of viral marketing, more and more.

Young people in third- and fourth-tier cities like to fight, and are even willing to bother others for a few dollars of money.

This kind of marketing makes Pinduoduo not only a shopping platform, but also an e-commerce platform with social attributes. Duan Yongping, a noble man in Huang Zheng's life, once said to Huang Zheng: He must do ordinary things with a normal heart and don't have too many expectations, which often produce unexpected results.

For Huang Zheng, this sentence has affected his life, in the past five years of pure pants, although he walked very slowly, but he developed very quickly.