Colin Huang Adds $4.3 Billion in Wealth as PDD Shares Surge (1)

Colin Huang’s wealth surged $4.3 billion Tuesday as shares of PDD Holdings Inc., the Chinese e-commerce company he founded, rose in New York trading.

The Shanghai-based company reported better-than-projected revenue of 52.3 billion yuan ($7.2 billion) in the quarter ended June 30, beating analysts’ average estimates. Its US-traded shares climbed 15% Tuesday to close at their highest level since March.

Colin Huang

Photographer: Qilai Shen/Bloomberg

Huang, 43, who stepped down as chief executive officer three years ago, derives most of his wealth from his stake in PDD. Tuesday’s jump in net worth was Huang’s second-largest one-day percentage gain this year and pushes his ...