A full year retirement .. How did the founder of the "Timo" platform, the richest of China, become?

After several projects that have had modest success in the fields of video and trading games, Colin Huang felt the boredom and retirement. At some point, the young entrepreneur stayed at his home for a year while thinking about his next step. Eventually, the former Engineer founded in Google Pinguodeo in 2015, an e -commerce platform known for very cheap products and large promotions. Soon his arrangement was rising between the richest worlds, with its clear wealth peak at $ 71.5 billion in early 2021. Like many people called ‘Kovid billionaires’, its wealth collapsed in the same speed and fell 87% in about a year. The collapse of Huang’s wealth was especially loud as the drop of the bachelors coincided with the sudden campaign of China over the private sector in the country. Then a sudden thing happened; Pindado returned to success. Although it was not a great success as it happened before, it was stable, and it expanded outside China in the name of the Temu brand, which helped her balance the effect of the ongoing weakness in the local economy. Huang and the leadership of China’s rich, consequently, Huang, 44, became the richest of China, according to the Bloomberg Billionaires index, with a $ 48.6 billion wealth. To replace Chong Shanshan, the bottled water pole, who has retained this title since April 2021. The noticeable increase in Huang’s wealth is powered by changing shopping habits in China, after the country’s real estate crisis has become an extensive slowdown. It is also the first pole in the technological sector that led the rich in more than three years, after the competitors suffered from the pressure the government exerted on private companies, including the ‘Ali Baba Holding Group’ founded by Jack Ma. During this period, Huang also faced objections from suppliers to lower prices, and its employees determined exhausted hours. Brock Silvars, the administrative director of the Kaiyuan Private Company, believes that “Jack Ma and Jeff Bezos were the leader of the corporate world of their time, but the situation has now differed and Juang was achieving great success by following a different approach we do not see much.” The representatives of Pindado did not respond to the comments requests. A genius of math is a dispute of ‘what’, the English language teacher who founded ‘Ali Baba’, Huang represents a new generation of Chinese technological pioneers who started their career of the Global Company Gate. At the age of 12, his brilliant talent in math provided him with a place in the ‘Hangchto Foreign Language School’, which is regularly visited by the sons of the elite, as his colleagues in the classroom were the sons of the political and social elite in China. After graduating from a Certificate of Computer Science at the University of “Chigyg”, he left China in 2022 in the pursuit of a master’s degree at the University of Wisconsin. After two years of graduation, Huang returned to help ‘Google China’. He also erected his first business in 2007 and then sold it in 2010 to establish a new one that helps businesses market themselves on websites such as “Taobao” from “Ali Baba”, or “JDD.com”. When an inflammation led him to retire in 2013, he had the idea of ​​establishing ‘Pindado’. In an interview with “Kijing” in 2018, Huang said: “(Pindado) does not try to feel people in Shanghai that they live a dedicated life as if they are in Paris, but because it guarantees that the people in Anhawi get paper towels in the kitchen and fresh fruit. The primary purpose of the site is not to provide goods at low prices.” The launch of “Timo” mainly departed from the spotlight after being removed from the position of the CEO of “Beneddo” in 2020, as well as the position of chairman of his directors of directors in 2021, when Beijing began sharpening the screws of the giant technology companies in China (he said he would seek his personal interests in the field of food and life sciences). During this period, “Beneddo” began to deteriorate, as well as its wealth. But the “Timo” platform, which delivers “Pindado” products outside China, strengthened the revenue of the business and supported its recovery. She rose to the top of application stores in the United States after the start of his activity in September 2022, as it targeted US citizens with low -price inflation with low -price products that did not carry a brand directly from China. ‘Benefado’ gained revenue of approximately 248 billion yuan ($ 35 billion) last year, in a 90% jump of 2022. Neil Londer, a retail seller analyst on the global data retail platform, said: ‘In the midst of this economic environment, people were looking for a great value for their money. All of this, as well as China’s abandonment of the ‘Safar-Kofid’ policy in December 2022, led to a high assessment of ‘Benaddo’. Inside and outside China. Started by Beijing. Protests against what they have imposed as unfair fees, the company ‘Timo’ is being put into the US market. Reduce this number to $ 10. Nevertheless, “Benaddo” was involved in strong promotional campaigns, including millions of a 30 -second announcement of “Timo” during the finals of the US National Football League (Super Ball). and persuade them to shop. If their addiction then increases to buy, they can start to accept it if our prices raise a little. So I think (Timo) is now at the stage of increasing the market share. ‘