Ex-Google employee's startup valued at $15 billion: Report
Ex-Google employee Colin Huang's e-commerce site called Pinduoduo has raised over $1 billion at a valuation of about $15 billion, according to reports. The China-based firm has reportedly raised the money from investors including Sequoia Capital China and Tencent. Founded in 2015, Pinduoduo offers merchandise at less price than the market by letting users buy directly from manufacturers.