Pinduoduo: Value Trap or 3x Opportunity (Part 1)

Recoding of Meetup (Google Case Study); Untold story of the rise of Pinduoduo, and the man behind the business

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DoitDuit | Your Investing Friend
June 25, 2026

PDD Holdings is the company behind 2 major e-commerce site:

  1. Pinduoduo; and

  2. Temu.

Since hitting its all-time peak share price of US$212 with US$220 billion market cap in February 2021, PDD share price has declined -64% to US$75 today.

With such depressed share price, now is a good time to analyse the company in depth.

Colin Huang, the man behind PDD

Colin Huang, founder of PDD

To understand PDD, it’s very important to study the founder, Colin Huang. He was once China’s richest man for 18 days, which then his net worth collapsed following PDD’s share price crash in 2024. Some people said Colin Huang purposely wanted PDD share price to crash so he will not appear in the spotlight.

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