Tian Ge's Former CFO Joins Online Rebate Site Fanli
Tencent Tech, 8/05/15
Paul Keung, former CFO of Hangzhou-based online interactive video platform operator Tian Ge Interactive Holdings (1980.HK), will be appointed as CFO of Shanghai-based online rebate and rebate-based flash sale firm Fanli.
Keung previously acted as CFO and vice president of Shanghai-based online game and children's virtual world developer and operator Taomee (NYSE: TAOM), which listed on the New York Stock Exchange in June 2011. He also participated in Tian Ge's IPO in Hong Kong in July 2014.
According to an unnamed source, Fanli has filed for its first IPO with the U.S. Securities and Exchange Commission after the acquisition of Series C funding. Analysts have stated that bringing in Keung may accelerate Fanli's IPO process.
Fanli claims to have a current user base of 70 mln, and is in cooperation with over 400 e-commerce sites, including Alibaba Group's (NYSE: BABA) B2C e-commerce site Tmall, and B2C sites JD.com (Nasdaq: JD) and Amazon China, as well as with over 6,000 brands. In 2014, Tmall transactions made via Fanli totaled approximately RMB 5 bln.
Editor's Note: For more information on this topic, please see "Tian Ge Interactive CFO Resigns," MD 7/27/15.
Keywords: Paul Keung Internet Tian Ge interactive video 1980.HK HR online shopping rebate IPO
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