Quote from Ndubuisi Ekekwe on January 4, 2021, 1:26 PM

The continuous assault from China on Alibaba empire has produced a new result: "Colin Huang has overtaken Alibaba’s Jack Ma and Tencent’s Pony Ma to become China’s second-richest person with a net worth of US$63.1 billion. Regulators recently fined both Alibaba and Tencent-backed China Literature over unreported acquisitions, as part of a larger crackdown against Big Tech". Markets hate confusion and China is producing a lot on Tencent and Alibaba; at the moment, Pinduoduo founder is seeing the positive. But it may not be long before Colin joins the club of those to be curtailed.