Phoenix New Media President Li Yasheng

Recently, Phoenix New Media (NYSE: FENG) announced today the promotion of Li Ya as its president with immediate effect. Prior to this appointment, Li Ya served as chief operating officer for more than eight years and from June 2006 to November 2010 served as the company's chief financial officer.

Li Ya has over 20 years of experience in startup and public companies in the United States and China, covering the Internet, media, finance and telecommunications. Prior to joining Phoenix, Li Ya served as chief operating officer and chief financial officer of Techedge Corporation from 2004 to 2006, and served as president of Brighttech Telecommunications USA from 2002 to 2004.

Li Ya founded Global Villager Inc. as online community in New York City in 1995 and became chief executive officer. The company was acquired by NASDAQ-listed Startec Global Communications Inc. in 2000.

From 1993 to 1999, Li Ya worked successively at Verizon Telecommunications Company, DLJ Securities and Exchange Department, Lehman Brothers Risk Management Department and Morgan Stanley as software engineer and Internet senior consultant. Li Ya is also the executive director of the U.S. Chamber of Commerce in China, the China Financial Association in the United States, and the U.S.-China Affairs Committee.

Li graduated from the University of Science and Technology of China with a master's degree in computer science from the University of Science and Technology of the United States of America with a Master's degree in Computer Science and later attended Wharton's senior management class in the next two years.

Balance treasure loss to tens of billions of class-based cargo base in July fourth-largest income scale of more than 5,700 billion balance of treasure continued hovering in the low yield. The latest statistics show that in 24 giant currency funds of more than 10 billion yuan, Yuen Po corresponding Tianhongzenglibao accumulated since July million since the fourth out of the provisional income, and in the July 1 to 6, The 7th annualized yield is the fourth lowest.

According to the statistics of Tianxiang, there were 24 Monetary Fund (A & B share calculated separately) with medium-sized management of over RMB10 billion in 2014, including balance treasure of RMB574.1 billion and other 23-billion-yuan monetary fund products.

According to the latest statistics released, the accumulated receipts of 24 giant Monetary funds from July 1 to July 8 averaged 21.7 yuan, of which 10,000 yuan worth of profits of Tianhong Zenglibao corresponding to Yu'ebao was 18.08 yuan, Ranked fourth to last from 24 products, the giant Monetary Fund benefiting from Tianhongzenglibao is Jianyin Currency, Shangyu Currency B and ICBC Salary and Currencies. The accumulated daily receipts are RMB17.46 and 16.95 respectively Yuan and 16.94 yuan.

During the period, among the giant money funds, the three largest ones with the largest returns were E Fund B, Castrol currencies A and B, respectively. The accumulated receipts were 44.72 yuan, 30.19 yuan and 28.68 yuan respectively, significantly higher than those of the Monetary Fund Average. Management scale nearly 90000000000 yuan of ICBC currency and Huaxia cash accumulatively million copies gains of 27.52 yuan and 19.2 yuan, respectively, more than Tianhong Zeng profit treasure 9.44 yuan and 1.12 yuan.

From the 7th annualized rate of return indicators, Yu-day treasure corresponding Tianhongzenglibao July 1 to 6, the 7th annualized return rate ranked fourth last from the 7th and 8th due to other monetary fund income The rate of decline is even greater, with its 7th annualized rate of return ranking fifth and sixth last time. On July 8, Tianhongzenglibao's annualized yield on the 7th was 4.191%, the first time in the past year that the fund's annualized yield on the 7th was below 4.2% for the first time.

In fact, starting from the end of June this year, Tianhong Zenglibao's 7th annualized yield in the giant Monetary Fund is already in the countdown position. On June 27 and 28 this year, the fund's annualized yield on the 7th was the sixth to last in the giant fund. The annualized yield on the 7th of June was the fifth from the bottom on June 29 and 30 respectively.

According to industry experts, the remaining one-third of the domestic Monetary Fund's balance-earning rate of return continued to hover low, possibly leading some investors to redeem their funds and switch to other high-performing giant monetary funds, especially those with convenient investment Monetary fund management tools.