Dangdang Huang Jo joined the United States Warburg, complete role change

"Billion Power network News" March 27, the investment sector to the billion power network revealed that the former Dangdang chief operating Officer Huang Jo has joined the United States Warburg Pincus investment, complete its from the professional executives to investors role change.

Then billion power network contacted Huang Jo himself and confirmed the news. "Did more than 20 years of ground retail and E-commerce, now switch to do e-commerce investors." ”

Huang Jo

It is reported that at the beginning of 2010, Huang Jo joined Dangdang COO, overall responsible for when the department stores and books of goods procurement, operation and sales. During this period, when the United States NYSE listing, and a larger increase in the department store sales accounted for. Dangdang listed six months later, Huang Jo in June 2011.

According to billion power network to understand, Huang Jo is currently a handful of traditional retail and e-commerce experience in professional executives, since the 90 's retail chain began to enter the Chinese expansion of the force, he has been in Thailand easy to start Lotus General manager, Metro China procurement director, the million-long operations, such as vice president of the operation, after the invitation of Alibaba Jack Ma, Taobao to join the operation of vice president and then became the founder of Taobao Mall general manager. In Taobao work, Huang Jo led the team to create a platform-style online retail business model, and leading the establishment of the platform to set up businesses to buckle point of cooperation fee standards, set up a flagship store, brand stores, mall integration System and seven days no reason to return goods such as Taobao mall operating norms.

Huang Jo focus on the management of business logic, emphasizing the sustainable development of e-commerce, the electricity dealers are more than 30% losses difficult to have a future. He told the media that unprofitable businesses are irresponsible and even immoral. It is reported that Dangdang has a few quarters to achieve profitability, are in the yellow if the management period. "Retailing is dancing between positive and negative 2%~3%, which depends on the level of detail management and integrated management." ”

In addition, Huang Jo's view of the traditional enterprises to do electric business has been discussed in the industry, in 2010 by the billion power network held in Chengdu, the retail conference, Huang Jo as a guest speaker said that many traditional enterprises blindly into the online expansion of cautious attitude. "It's like moving from the army to the Air Force, but peeling off a layer of skin." ”

Billion power network to understand that the investment is a well-known from the United States private equity funds, 1994 into China, Internet High-tech is one of its key investment areas. Red)