Colin Huang, the founder and former CEO of Temu parent company Pinduoduo, is now the richest man in China. According to a Bloomberg report, he has pushed the previous leader Zhong Shanshan, founder of the beverage brand Nongfu Spring, into second place with a fortune of 48.6 billion dollars. Ma Huateng, head of Tencent, and Zhang Yiming, founder of TikTok parent company ByteDance, follow in third and fourth place. This puts the 44-year-old in 25th place in the international ranking of the richest people.