Announces Major Executive Changes

August 28, 2014 | Print | Comments | Category: Business, Internet

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Chinese classified information website announced its latest executive team structure, covering strategy, sales, business development, and marketing.

Former Alibaba executive Chen Guohuan has been appointed chief operating officer of; former Taobao executive Zhu Xiaoping has been appointed vice president of's channel department; and former Alibaba B2B business unit executive Wang Zhenghong has been appointed vice president of direct sales.

Meanwhile, co-founder Liu Yang will be promoted to chief strategy officer of the company, leading strategic distribution, enterprise competition strategy, investment and acquisition strategy, and new business layout and implementation. Wei Bingfang, vice president of, will become vice president for business expansion and the CEO assistant. Bai Rubing, former head of marketing, will become vice president for marketing.

Prior to this, announced the completion of its latest round of financing of USD200 million. The company also announced plans to launch an IPO in June 2015.

Statistics show that during the first quarter of 2014,'s operating revenue increased by 160% and the company expects a 150% increase for the entire year of 2014.

Yang Haoyong, chief executive officer of, said that a powerful executive team will help the company maintain stable and fast growth to achieve its goals.

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