Charles Chao

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Charles Chao
Born (1965-11-10) November 10, 1965 (age 49)
Beijing, China
Nationality China Chinese
Occupation CEO and President Sina Corp
Net worth US $ 620 million (2012) [1]
Spouse(s)

Yan Lee(1992-1999, div)

Madison Makori(2000-2011, div)
Children None
Website
http://corp.sina.com.cn/eng/sina_mng_eng.htm

Charles Chao (Chinese:曹国伟Pinyin:cáo guó wěi) is a Chinese businessman who is the CEO and President of Chinese company Sina Corp.[2] Sina Corp is listed to trade on NASDAQ and now has around 12,900 employees worldwide. He has been with Sina since 1999, where he came in as vice president of finance.[3]

Education[edit]

Mr. Chao holds a Master of Professional Accounting degree from University of Texas at Austin, an M.A. in Journalism from University of Oklahoma and a B.A. in Journalism from Fudan University in Shanghai, China.

Career[edit]

Charles Chao joined Sina in 1999 when the company was facing difficulties in its attempts to get a listing on the NASDAQ. He overcame this challenge by establishing Sina as a VIE (Variable Interest Entity) company, which cleared the way for a successful listing in the US.

Since then, he has served as Sina’s Chief Financial Officer (CFO), Chief Operating Officer (COO) and President in September 2005, Chief Executive Officer (CEO) in 2006, and finally Chairman of the Board in this August. He is the first Chairman and CEO in company’s history. In 2009, he helped launch Sina Weibo, which has gone on to achieve great success.

Charles has also made use of the Company’s platform to support public welfare undertakings in China. Currently, Sina is one of the largest venues for making donations and emergency fundraising and is one of the first internet companies to set up a charity and public welfare platform. Now, Sina has established Yang Fan Public Welfare Fund, which will enable the company to participate more effectively in charity and public welfare causes.

Work history and other roles[edit]

Prior to joining Sina, Mr. Chao served as an audit manager at PricewaterhouseCoopers, LLP, an accounting firm. Prior to that, Mr. Chao was a news correspondent at Shanghai Media Group. Mr. Chao is currently the Chairman of Weibo Corporation, a leading media company, Co-Chairman of E-House, a real estate services company, and a director of NetDragon Websoft Inc., a company providing technology for online gaming and a director of Leju Holdings Ltd., an online-to-offline (O2O) real estate services provider in China.

References[edit]

  1. ^ http://www.forbes.com/profile/charles-chao/
  2. ^ "Asia's 25 hottest people in business". CNN Money. Retrieved 15 April 2013. 
  3. ^ "10 people you should know in China". Yahoo Finance. Retrieved 15 April 2013.