– CHINA, Shanghai – Pinduoduo Inc. (NASDAQ: PDD) today announced the appointment of CEO Chen Lei to the position of Chairman, succeeding founder Colin Huang, who has stepped down from the Board to devote his time to exploring new long-term opportunities.
Pinduoduo was founded in 2015 with a focus on agriculture and has grown to become China’s largest agriculture platform, handling more than 270 billion yuan of agriculture-related products last year and connecting more than 12 million farmers with over 788 million consumers.
“On behalf of the Board, we would like to thank him for his leadership and contribution to Pinduoduo in the past six years,” said Chen Lei, Chairman, and CEO of Pinduoduo.
About Chen Lei
Chen Lei takes over as Chairman of the Board while concurrently holding the position of CEO. Before he was appointed CEO on July 1, 2020, Chen was CTO of the company and closely involved in strategic and operational decisions as a member of the founding team.
A data scientist by training, Chen studied computer science at Tsinghua University in Beijing and obtained a Ph.D. in computer science from the University of Wisconsin-Madison.
“We can and should do more,” said Chen. “We hope that in the next stage Pinduoduo will become the world’s largest agriculture and grocery platform, and make groceries sourced around the world affordable and available to our users.”
For more information: http://www.pinduoduo.com
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