Huang Zheng, a legend in the e-commerce industry, with his indomitable entrepreneurial spirit and outstanding entrepreneurial demeanor, led the giant ship of Pinduoduo to glory. He not only demonstrated his self-worth with his business achievements, but also donated hundreds of billions of dollars with the noble feeling of "giving up the richest man to be the first good", becoming a leader in social welfare.
The e-commerce market is now quite mature, but new online shopping platforms are still emerging, each of which wants to get a piece of the Internet tide. However, the status of the two giants, ** and JD.com, is still untouched. However, with the rise of Pinduoduo, this situation has changed subtly.
Although Pinduoduo started later than ** and JD.com, it defeated many competitors with its strong strength and quickly became a giant in the e-commerce field and became one of the first choices of consumers. Of course, in addition to the much-criticized strategy of "cutting a knife", Pinduoduo's success is also inseparable from the founder's wisdom and planning.
Huang Zheng, as the founder of Pinduoduo, has made great contributions to the development of the company. However, just when he could have continued to pursue greater success, he chose to retire from the stage and silently resigned as CEO. Why is that? It's a worthwhile question.
In 2020, Huang Zheng announced his resignation as CEO of Pinduoduo, which shocked everyone. Although Pinduoduo has only been established for five years, it has become the second largest platform in the e-commerce industry. Its annual revenue exceeds 30 billion, however, Huang Zheng chose to resign at this time, which caused people to wonder.
After 2020, in March 2021, Huang Zheng resigned again as chairman of Pinduoduo. This resignation means that he has cut off almost all ties with Pinduoduo in his position. Although at the time of his resignation, Huang Zheng still held nearly half of Pinduoduo's shares, but he chose to donate some of it. Huang Zheng retained 294% of the shares, of which 774% were donated to Pinduoduo, and another 337% for public welfare, and 337% was given to angel investors.
Although it may seem like a small number, the value of these shares has exceeded 100 billion. His move caused widespread discussion, with many speculating whether he was terminally ill and wanted to do good in the last moments of his life. However, the fact is that Huang Zheng, who is in his early 40s, is in good health, and his behavior stems from his sense of social responsibility as an entrepreneur.
Huang Zheng was born in 1980 and has an ordinary family background. He has been caring for his mother since he was a child and is determined to improve his family's life. When he was in high school, he was admitted to a local foreign Chinese language school, and although his starting point was not as good as his classmates, he made more efforts to successfully escort him to Zhejiang University.
In college, he majored in computer science. At the time of the rise of the Internet, he, like Ding Lei and others, has a dream of entrepreneurship. Under the recommendation of Ding Lei, he got acquainted with Duan Yongping, the founder of BBK, and went to the United States to study for further study. Subsequently, he worked at Google for a period of time, accumulating a wealth of skills and experience, which laid the foundation for future entrepreneurship.
After returning to China, Huang Zheng began to get involved in the field of e-commerce. Initially, he focused on cross-border e-commerce, and with the help of Duan Yongping, he achieved initial success. However, Huang Zheng was not satisfied with this, he was keenly aware of the potential of the e-commerce field and made a decisive transformation. In 2015, he founded Pinhao, which mainly sells fruits. With the platform provided by WeChat and the needs of the market, Pinhao quickly achieved success. Subsequently, it changed its name to Pinduoduo, and Huang Zheng began to lead the emerging platform to success.
Pinduoduo's rise has not been easy, and they have to find their uniqueness in the face of a highly competitive e-commerce market. They attract users with their best advantages, and constantly launch marketing strategies such as "cutting a knife", so that consumers can buy their favorite products at a lower price. In just three years, Pinduoduo has risen from an emerging e-commerce platform and successfully listed. Huang Zheng's wisdom and courage have become the key to the company's success.
However, just when Pinduoduo became famous, Huang Zheng chose to resign. He not only gave up the opportunity to become the richest man, but also donated hundreds of billions of assets and chose to become the "first good". His behavior has aroused people's appreciation and thinking, and will surely inspire more entrepreneurs to fulfill their social responsibilities.
Huang Zheng's story tells us that business success is not only about chasing profits, but also about taking social responsibility. As an entrepreneur, while realizing personal value, you should also give back to the society and contribute to building a better society. Therefore, Huang Zheng's good deeds are worthy of our deep thought and learning.