Temu’s moment as a stiff competitor to Amazon and Shein came and passed—and so did the founder’s reign as the richest man in China. PDD Holdings, the parent company of the fast-growing Temu shopping ...

CNBC's Robert Frank reports on the wealthiest people in China. Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more CNBC delivered to your inbox Get this ...