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Ex-Google Employee Builds $1.5 Billion Startup In Just 21 Months

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EX-GOOGLE EMPLOYEE BUILDS $1.5 BILLION STARTUP IN JUST 21 MONTHS,Startup Stories,Startup Stories India,Inspiration Stories,2017 Most Read Startup Stories,Colin Huang,Chinese entrepreneur,Alibaba,Taobao,JD.com

Colin Huang, a Chinese entrepreneur, started his career in Silicon valley as an engineer at Google, he worked on early search algorithms for e-commerce and returned back home to start his own company. He is already on his fourth and most progressive startup Pinduoduo.

Pinduoduo or simply PDD is like a combination of Facebook and Groupon, he believes that PDD could transform the e-commerce industry. In less than two years, the company raised $100 million valuing it to more than $1.5 billion (10 billion yuan.)

The idea behind PDD is to change the online shopping experience of the customer, something similar like having fun with friends at a mall and shopping. You are open to sharing your ideas, take suggestions from friends and then if you buy a product, you get a discount. PDD is now one of the largest E-commerce companies in China.

Mr.Huang told Bloomberg, “Many companies tried this before, but no one has done it in real. We feel that we have a competitive advantage.

In 2007, he started his first e-commerce site called ‘Ouku.com’ to sell consumer electronics and mobile phones. Revenues suddenly moved upward, but he realized ‘Ouku.com’ was similar to other e-commerce sites and sold it in 2010. He then started a company called Leqi, which helps companies to market their services on websites like Alibaba, Taobao or JD.com. The second company of Mr.Huang is a gaming company which offers role playing games on WeChat. He became free from both the companies. Due to health problems, he retired when he was just 33.

Eventually, Mr.Huang came forward with the idea of PDD, combining both e-commerce and gaming sectors, by bringing together Alibaba and Tencent Holdings Ltd. Huang and his team convinced both the companies that there are a numerous number of opportunities with this combination.

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In May 2015, he raised an amount of $8 million from an investor group led by Banyan and launched the application a few months later. The application gives a different shopping experience to the customer, most of the people use PDD on WeChat. You get the discount when your friend join the shopping, as you are already in WeChat, it is easy to get other friends to join you. With the increasing popularity and usage of PDD, it raised about $100 million in 2016. PDD made a rich retailer experience to both merchants and shoppers. It also helps merchants to manage a small group of shoppers and get direct feedback from the customers.

Mr. Huang is aiming to skies, he is improbable to spend his rest of life in PDD. His role models are The founding father of Singapore, Lee Kuan Yew, and Benjamin Franklin.

Mr.Colin Huang says “As the sun sets over Shanghai, that is a genuine life.”

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Imarticus Learning Acquires MyCaptain for INR 50 Crore to Boost Non-Tech Upskilling

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My Captain

Imarticus Learning, an IPO-bound professional education firm, has acquired Bengaluru-based edtech platform MyCaptain for INR 50 crore in a cash-and-stock deal. This marks Imarticus’s fourth acquisition in four years and is aimed at expanding its presence in non-tech career training, especially across India’s Tier-II and Tier-III cities. MyCaptain, which has over 500,000 learners and a revenue of ₹27 crore for FY25, specializes in creative and entrepreneurial fields, with 60% of its users from smaller cities.

 

With this acquisition, Imarticus will bring MyCaptain’s employability bootcamps in digital marketing, design, and content to its 20+ classroom centers in 16 cities, blending online and offline learning. MyCaptain will operate as a fully-owned subsidiary, and all 250 of its employees will join Imarticus, expanding the combined workforce to over 850. The move supports Imarticus’s goal to reach five million learners by FY28 and deepen its offerings in non-tech domains.

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Kingdom of Innovation: Saudi Arabia Tops Global Startup Growth Rankings for 2025

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StartupStories

Saudi Arabia has been named the fastest-growing startup ecosystem in the world in the 2025 StartupBlink Global Startup Ecosystem Index, with a growth rate exceeding 200%—the only country in the global top 100 to achieve this milestone. This surge has earned the Kingdom the “Country of the Year” title, highlighting its transformation into a global innovation leader.

The report ranks 110 countries and 1,400 cities, with three Saudi cities—led by Riyadh—making the global top 1,000. Riyadh entered the world’s top 100 startup cities, posting a 134% growth rate, and solidifying its role as a regional tech hub.

Saudi Arabia now leads globally in HealthTech, nanotechnology, and transport tech, and ranks among the top in sectors like fintech, e-commerce, logistics, and gaming. The Kingdom’s rapid progress is fueled by Vision 2030, robust government support, and record venture capital investment, making it the most funded VC market in MENA.

Startups such as Tabby, Tamara, and Jahez exemplify this momentum, as Saudi Arabia emerges as a top destination for innovation and entrepreneurship.

 

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SC Grants Relief to Paytm’s First Games, Stays Massive GST Notice

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StartupStories

The Supreme Court of India has granted interim relief to Paytm’s gaming arm, First Games, by staying proceedings on a ₹5,712 crore GST notice issued by the Directorate General of GST Intelligence (DGGI). The notice, sent in April 2025, demanded GST for the period January 2018 to March 2023, based on the department’s view that 28% GST should be levied on the total entry amount, rather than the 18% GST currently paid on platform fees.

First Games challenged the notice in the Supreme Court, which on May 23, 2025, ordered a stay on all further proceedings until a final decision is reached. The dispute is part of a broader industry-wide debate over the correct GST treatment for real money gaming platforms, with similar cases pending before the court. Following the stay, Paytm shares rose nearly 2% in early trading, reflecting investor optimism.

The Supreme Court’s order provides temporary relief to First Games and signals ongoing judicial scrutiny of GST demands across India’s online gaming sector.

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