On November 12, 2020, Pinduoduo released its third-quarter financial report, showing that the third-quarter net profit achieved a quarterly profit for the first time, exceeding 460 million yuan, and the third-quarter revenue was 14.2 billion, a year-on-year increase of 89%.

Affected by this news, on November 13th, Pinduoduo’s stock price rose by 20.41%, and the next day it rose again by 12.73%, reaching an all-time high of US$155.59. It took only 2 years to become a superstar stock whose share price was nearly 10 times higher. , The market value is approximately RMB 1.2 trillion. The founder Huang Zheng has also become the fourth richest person in China after Ma Yun, Ma Huateng, and Zhong Suihui (the founder of Nongfu Spring).

But today, I don’t want to share with you Huang Zheng, who is a rich man, but want to see with you how Huang Zheng came along and became Huang Zheng today.

01. Student days

When elementary school student Huang Zheng got the admission notice of Hangzhou Foreign Language School[1], he ran to the teacher and said: I don’t want to go.

The teacher asked: Why?

Huang Zheng answer: The name of this school is a school that learns foreign languages ​​completely. I want to read a middle school with strong physics and chemistry.

At that time, it was in the 90s, and the Tigers’ “Butterfly Fly” was popular in the streets and alleys; the teachers and teachers in the school said that “learn mathematics, physics and chemistry well, and not be afraid to travel all over the world” is also a trend, deeply imprinted The depths of the children’s brains, including Huang Zheng.

The teacher had no choice but to find the principal. After persuading for a long time, Huang Zheng finally agreed.

In fact, he was the only student admitted to Hangzhou Foreign Language School in this elementary school for nine years. At that time, Huang Zheng had just won the Olympic Mathematics Award, so the teacher asked him to take the test and play without doing any review, preparation, or simulation questions. He took the naked test without any thought.

Hangwai is indeed a good school. Not only did it have foreign teachers at the time, but it was also the only school in Zhejiang Province that enrolled students in the province at the beginning of a small promotion and continued to maintain a university admission rate above 80%.

This allows Hangzhou Foreign Affairs University to have enough high-quality students:

The scores of most students are good enough, and a few parents have good wealth (pay sponsorship fees).

Also let the teacher have enough freedom to play:

Teachers’ teaching is less affected by the college entrance examination