The Carlyle Group has hired Dr. Hongjiang Zhang as a senior adviser to its Asian private equity platform. Zhang is a former CEO of Kingsoft.
Beijing, China – Global alternative asset manager, The Carlyle Group (NASDAQ: CG), today announced the appointment of Dr. Hongjiang Zhang, former Chief Executive Officer (CEO) of Kingsoft and prior to that a senior Microsoft Corporation executive, as a Senior Advisor to Carlyle’s Asian private equity platform. His appointment comes as Carlyle sees increasingly attractive opportunities in the fast-developing internet and technology space.
Dr. Zhang joined the Chinese software and Internet services company Kingsoft in 2011 and served as CEO until he retired from the firm in December 2016. Prior to joining Kingsoft, he was Chief Technology Officer of Microsoft Asia-Pacific Research and Development Group and Managing Director of Microsoft Advanced Technology Center. He joined Microsoft Research Asia in 1999, where he served as Assistant Managing Director. Before joining Microsoft, Dr. Zhang was a research manager with Hewlett-Packard Labs at Palo Alto, California.
X.D. Yang, Managing Director and Chairman of Carlyle Asia, said, “Dr. Zhang is a highly accomplished technology business leader and a distinguished technology researcher. We plan to further expand our already significant investment activities in the technology, media and telecom (TMT) sector in China and across Asia. We believe his expertise and networks will enhance our ability to capture rising internet and technology investment opportunities.”
Dr. Zhang said, “I am delighted to join the distinguished team of advisors of The Carlyle Group, a firm with global resources and network, a strong commitment to investing in technology, and a long-established private equity platform in Asia. I look forward to drawing upon my industry knowledge to advise on investments in innovative technologies and support Carlyle’s portfolio of companies, particularly as technology continues to transform business operations, bring excitement to people’s daily lives and create new opportunities.”
Dr. Zhang is a Fellow of IEEE and Association for Computing Machinery (ACM), and the recipient of the 2012 ACM SIGMM Outstanding Technical Achievement Award, the 2010 IEEE Computer Society Technical Achievement Award, and the 2008 Asian American Engineers of the Year (AAEOY) Award. He has authored four books, close to 400 scientific papers, and holds nearly 200 patents.
Carlyle’s investments in the Chinese technology and internet sectors include, China Literature Limited, China’s largest online literature platform operator; Ganji.com/58.com, a prominent operator of online & mobile-based classifieds; and Fang Holdings Limited, a real estate Internet portal operator.
Carlyle established its presence in Asia in 1998 and now has nine offices in the region. From 1998 through to March 31, 2018, Carlyle has invested more than US$15 billion of equity, and currently has US$16.3 billion of assets under management in its Asian private equity platform.
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About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $201 billion of assets under management across 324 investment vehicles as of March 31, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,575 people in 31 offices across six continents.