Colin Huang, the CEO of Chinese e-commerce company Pinduoduo, steps down; the company says he will remain chairman and work on long-term strategy (Bloomberg)

Bloomberg:Colin Huang, the CEO of Chinese e-commerce company Pinduoduo, steps down; the company says he will remain chairman and work on long-term strategy- PDD shares have more than quadrupled in less than two yearsHuang gives away $14 billion stake after stepping down as CEO