Ucommune has recently announced the appointment of James Yan (Lingyang) as CFO. The inclusion of James Yan into the ranks of senior management is expected to result in greater synergy and power the next phase of growth for this unicorn worth US$1.7 billion.
Ucommune has vested the responsibility of global financial operations to CFO James Yan. Besides the daily financial operations, James will be in charge of fund deployment to drive the brand's expansion. He will deploy the tools of both organic growth, merger and acquisition (M&A) and other corporate action that would be in the best interest of the company in a different jurisdiction.
"We are excited to have James on board. He is a valuable addition to our China office with his wealth of experience in both business and finance management across the diverse regions and industries in China. Furthermore, he has a proven track record of effective leadership by energizing teams to deliver innovative solutions to clients," said Dr. Mao Daqing, Founder, and Chairman of Ucommune.
James brings along 18 years of stellar service in the financial and accounting industries for both the Big 4 firms and also commercial companies. Notably, he held significant positions in the Initial Public Offering (IPO) of major Chinese companies such as Industrial and Commercial Bank of China (ICBC), CITIC Securities, Beijing Jingneng Clean Energy, China Energy Engineering Corporation (CEEC) and Air China.
In addition, he steered the annual audit and SOX404 internal control review service for United Continental Holdings (NYSE: UAL) during his tenure at EY in the United States. Forbes recognized ICBC as the 'Biggest Public Company In The World In 2017'. The Financial Times noted that CITIC is the largest Chinese investment bank by revenue in 2017.
"I look forward to working with my fellow colleagues to spread Ucommune's smart solutions to a wider audience and continuously add value in our product offering. Business models are becoming increasingly sophisticated. Therefore, we are constantly on the hunt for more innovative, integrated solutions and the immense opportunities that comes along with it. I am committed to lead a team to continue exploring technology-empowered and community-oriented solutions," said James Yan, CFO of Ucommune.
Prior to his appointment at Ucommune, James was an audit partner at Deloitte Beijing for six years, preceded by ten years in EY Beijing and EY Houston. He holds a Bachelor of Arts Degree in International Finance from Capital University of Business and Economics and a Master's Degree in Accounting from University of International Business and Economics. He is a member of CICPA, AICPA, CFA and CIA, and an expert in PRC GAAP, IFRS and US GAAP.
Founded in 2015 by real-estate veteran Dr. Mao Daqing, Ucommune is a leading integrated co-working solution provider in China offering long-term and on-demand leasing, corporate-customization solutions, financing and professional services across a broad spectrum for small-to-large enterprises.
Edited by Gordana Davila
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