Allyes, a provider of integrated digital marketing solutions in China has appointed Dr. Hanhua Wang as chief executive officer effective as of December 1, 2012. Allyes is a portfolio company of Silver Lake.
Allyes announced today that Dr. Hanhua Wang has been appointed Chief Executive Officer, with overall responsibility for implementing the company’s business strategy. Dr. Wang’s appointment will be effective as of December 1, 2012. He succeeds Dr. Eric Chen, who has been serving as interim Chief Executive Officer and who will continue his duties as Chairman of Allyes’ board of directors.
Prior to joining Allyes, Dr. Wang served as President of Amazon China, the China operation of Amazon.com, Inc., which he helped build into a thriving Internet business after the 2004 acquisition of the domestic e-commerce website Joyo.com, and where he successfully increased annual sales by more than 100 times during his tenure. From 1998 to May 2005, Dr. Wang served as Motorola’s Vice President for the Asia Pacific Region and General Manager for its China Mobile business unit.
“Dr. Wang is a highly respected industry leader, and we are thrilled to have such a talented executive join Allyes,” said Dr. Eric Chen, Managing Director of Silver Lake, the world’s largest investor in the global technology industry. Silver Lake entered into an agreement to acquire a majority stake of Allyes in 2010. “Allyes is currently entering a new stage of development as the company continues to strive to become a leading provider of technology- and data-driven integrated digital marketing solutions in China. We look forward to having Dr. Wang lead Allyes into the future.”
“I am honored to join Allyes,” Dr. Wang said. “It is not only a leading digital marketing enterprise, but also an organization with infinite passion and creativity. Allyes has a world-class team rich in experience and has demonstrated a powerful capacity for innovation. The company is poised to achieve even greater success in China’s dynamic and rapidly changing Internet industry.”
Over the past year Allyes launched a series of transformational initiatives, including the announcement of its cloud strategy, in support of which the company established a research and development center and a product management department in Silicon Valley. The company also created strategy and media development departments and consolidated its Northern China, Eastern China and Southern China regional operations. The company continues to cultivate strategic opportunities to collaborate with key marketing customers and Internet media partners. In addition, Allyes launched cloud-based versions of its product suite, including iDigger, iMedia, SMARTmedia and A3, and secured a strategic investment from Vision Knight Capital, whose Chairman and Founding Partner Mr. David Wei joined Allyes’ board of directors. Also during this period, Allyes augmented its senior executive team, with seasoned professionals joining the company as Chief Financial Officer, Vice President of Research and Development, Vice President of Human Resources, Vice President of Information Technology and Management Systems, and Vice President of Customer Operations. The company also appointed a head of its Shanghai Research and Development Center and a head of its data teams.
Allyes will host a press conference on December 3, 2012 in Beijing, which Dr. Wang and Dr. Chen will attend. At the conference Allyes will announce the launch of a new product line and strategic media collaboration and discuss other significant matters.
# # #
Allyes is a leading provider of integrated digital marketing solutions in China. The company strives to maximize the value of every bit on China’s Internet and create the largest benefit to all participants in Internet digital marketing. Founded in 1998, Allyes provides integrated digital marketing solutions driven by data, technology and products, including digital marketing technologies in broadband and mobile Internet areas, a targeted marketing platform, media advertising agency, SEM, social marketing, interactive innovation, e-commerce, and other products and services. Allyes now serves over 900 established advertiser and media publisher customers. It currently has branches in Shanghai, Beijing, Shenzhen, Guangzhou, Xi’an, Hangzhou and Nanjing in China and Silicon Valley in the United States.
About Silver Lake:
Silver Lake is the global leader in private investments in technology and technology-enabled industries. Silver Lake invests with the strategic and operational insights of an experienced industry participant. The firm has over 100 investment professionals and value creation specialists located in New York, Menlo Park, San Francisco, London, Hong Kong, Shanghai and Tokyo and manages approximately $14 billion. The Silver Lake portfolio includes or has included technology industry leaders such as Alibaba, Allyes, Ameritrade, Avago, Avaya, Business Objects, Flextronics, Gartner, Gerson Lehrman Group, Groupon, Instinet, Intelsat, Interactive Data Corporation, IPC Systems, MCI, Mercury Payment Systems, MultiPlan, the NASDAQ OMX Group, NetScout, NXP, Sabre, Seagate Technology, Serena Software, Skype, Spreadtrum, SunGard Data Systems, UGS, Vantage Data Centers and Zynga.
Mr. Jamie Chen
Marketing Director, Allyes Group
+86 21 3372 7693