I believe everyone is familiar with Pinduoduo, and we all know that Pinduoduo is currently listed. Everyone is also curious about Pinduoduo’s largest shareholder. Let’s learn more about it together.
The prospectus shows that in Pinduoduo’s equity structure, Huang Zheng holds 50.7% of the shares and has absolute control over the company; Tencent holds 18.5% of the shares and is the second largest shareholder; Gao The shareholding ratio held by Banyan Capital is 10.1, and the shareholding ratio held by Sequoia Capital is 7.4.
Huang Zheng’s parents only have junior high school education and are workers by profession. Huang Zheng benefited from his natural intelligence and did not take the college entrance examination. He was recommended to Zhu Kezhen College of Zhejiang University, which was specially established for special talents, to study computer science.
The reason why Huang Zheng met Ding Lei was quite "the Internet". In 2001, during the Internet winter period, NetEase's stock price was at an all-time low, falling from the opening price of more than a dozen US dollars to 0.51 US dollars, facing a collapse.
Ding Lei, who was at a low ebb, found Huang Zheng's MSN and added him because of a technical problem. Huang Zheng, who was still a student at the time, simply couldn't believe that the CEO of a listed company actually joined him. After some verification, it was finally confirmed.
One is an Internet celebrity, and the other is a top student in the computer science department, and they have become die-hard netizens. Ding Lei became Huang Zheng's perfect window into the Internet world.
In 2007, Huang Zheng founded Leqishi, an e-commerce agency operation company. At that time, a major customer hinted that he must give him a rebate before he could give him an order. Huang Zheng complained to Ding Lei. Ding Lei said domineeringly, "Would you like to help you fight against the injustice?" But Huang Zheng did not let him take action in the end.
Huang Zheng has a sufficiently elite experience. After experiencing less successful entrepreneurial projects such as mobile e-commerce, e-commerce agency operation, and games, he has successfully established himself in third- and fourth-tier cities with low-price packages. Post broke out of the siege.
From the perspective of business pedigree, Pinduoduo is creating a multi-polar pattern of e-commerce and breaking through the jungle of giants such as Taobao, JD.com, and Vipshop by combining games and social networking.
It is said that the circle determines the pattern, the network determines the resources, and the vision determines the future. Huang Zheng has everything ready in China.
However, because Pinduoduo is listed in the United States, it must also open up the American circle. This has always been a shortcoming of Chinese companies.
Lu Qi’s resume determines that his circle of friends is among the top connections in various industries around the world, such as Microsoft founder Bill Gates, Microsoft CEO Stephen Ballmer, and Facebook founder Zuckerberg. …
So, Lu Qi has a certain appeal in Silicon Valley and New York. The appearance of him, Shen Nanpeng and others in the prospectus will obviously help Pinduoduo’s listing in the United States. It can be seen from the sharp drop in Lu Qi's stock price on the day he left Baidu that the US capital market still relatively recognizes him. It can also be said that Lu Qi is the market's control and grasp of the direction of the company he invests in, which is conducive to boosting investors. confidence.
In fact, examples like Lu Qi’s were very common in the past. If you wanted to go public in the United States, you would find someone who had held an important position in a world-class company to serve as a company position and be responsible for the listing work. The IP and living props are shown to American investors. After the company is successfully listed, the person will retire with a large amount of compensation (usually options) that has been negotiated long ago.