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SINA.com announces promotion of Wang Zhidong to CEO
SUNNYVALE, Calif. (9/3/99) - SINA.com has announced the promotion of its president, Wang Zhidong, to president and CEO. Jim Sha, SINA.com's current CEO, has been elected chairman of the board of directors. SINA.com's current chairman, Daniel Chiang, has been named vice chairman. Mark Fagan, vice president of finance, has been promoted to CFO. Riley Willcox, SINA.com's current CFO, will continue with SINA.com as vice president and financial advisor.
Wang Zhidong is the founder of SINA.com's predecessor company, Stone Rich Sight (SRS), a leading software company in China founded in 1993. Zhidong has served as the president of SINA.com, responsible for the company's day-to-day operation and its business in China since the merger between SRS and SinaNet in December 1998. After the merger, Mr. Wang has successfully transformed the company into the leading Internet destination site in China.
"Jim's leadership has contributed significantly to the growth of the company and its leadership position," said Mr. Wang Zhidong, SINA.com's new CEO. "I have benefited greatly from Jim's abundant industry experience and his business vision. With Jim's continued support, I am confident in leading the company into the next Millennium as the dominant player in the global Chinese Internet market."
Mr. Wang, currently based in SINA.com's Beijing office in China, plans to spend most of his time in the US.
"I am very pleased to see that the company has grown to a leading position in the market," said Mr., Jim Sha, SINA's chairman. "Zhidong has demonstrated great leadership so the board and I are confident in his abilities to take on the new challenge. With the promotion of Zhidong, I will be able to focus more time on strategic alliances and long-term planning for the company."
ABOUT SINA.com
SINA.com is the premier Internet destination site for Chinese communities worldwide with the best-of-breed combination of on-line news, entertainment and commerce. Encompassing four distinct sites that are produced and updated daily by local teams in China, Hong Kong, Taiwan and North America, SINA's registered user base has grown from 10,000 to 1 million within 2 years receiving close to 200 million page views per month. Voted number one in three independent surveys in China this year, SINA.com is the most popular Internet portal for the world's largest population group. SINA.com's proprietary web technology allows its users to view Chinese characters easily without a Chinese operating system.
For more information, press only:
At SINA.com
Cindy Lee
Tel: (852)2155-8858
Fax: (852)2295-3630
cindy@staff.sina.com
If you are interested in additional information on SINA.com, please visit the SINA.com.hk home page at http://www.sina.com.hk/