Core Insights - The 2025 Hurun Rich List reveals that Huang Zheng, the founder of Pinduoduo, has a net worth of 314 billion RMB, an increase of approximately 69 billion RMB, representing a growth rate of 28% compared to the previous year. However, his ranking dropped from 4th to 7th place [1][2]. Company Performance - Pinduoduo's total revenue for the first half of the year reached 199.7 billion RMB, showing a year-on-year growth of 8.6%, although this growth rate has significantly slowed down [1]. - The company's net profit for the same period was 45.5 billion RMB, which is a decline of 24% year-on-year. This decline is attributed to increased costs from the "100 billion support" plan, Temu's overseas expansion, and logistics subsidies, alongside intensified competition [1].