BEIJING, July 28, 2015 /PRNewswire/ -- www.bang.travel announced, Former Focus Media's first CFO Daniel Wu, will join the company as chief financial officer.
Industry analysts said the appointment will further enhance the management of Bang.travel's assets and finances at the C-suite level. Bang.travel founder and chairman Dennis Zhang said: "Daniel has rich experience in the management of capital assets and in IPOs. As Focus Media's first CFO with a background in investment banking, Daniel led Focus Media's IPO in the US in 2005 as well as several mergers and acquisitions in the subsequent years. The addition of Daniel to our team will have a positive and important impact on our development."
Founded at the end of 2012, Bang.travel brought together a large number of experts in the travel sector who love the sense of exhilaration that one feels during a free-spirited vacation unfettered by the restrictions of an organized group tour. The company is a free travel specialist dedicated to offering value for money, high-quality outbound travel and personalized travel services for individuals yearning for free travel abroad. The company has received substantial investment form several well-known angel investors including Yahoo! co-founder Jerry Yang and Tencent's early-stage investor Wang Shu and other venture capital funds.
Dennis Zhang previously served as the first chief executive of Yahoo! China and as a partner within the management team at CDH Investments, among other managerial roles prior to founding Bang.travel together with Zhao Xinyu at the end of 2012. They brought a host of talented individuals on board, including several former Yahoo! China executives, among them, Rayli Group vice president Wang Qingchun and Yahoo!'s global R&D center director Zeng Hongwei. Bringing Daniel on board is expected to further enhance the company's executive team, according to industry analysts.
Daniel obtained his MBA from Columbia Business School and successively worked for several international top investment banks including Merrill Lynch and led or took part in the raising of funding for and the listing of several online companies in the United States and China. He served as Focus Media's CFO in 2005 and 55tuan.com's CFO in 2011. Daniel said with full confidence that "My joining Bang.travel is a continuation of my experiences the many companies where I served as CFO and represents a new and full-fledged challenge for me."
As a travel expert and a user of Bang.travel's services, Daniel is very optimistic about the future of the company. He feels that Bang.travel has stood out among Chinese online travel service providers with its new portfolio incorporating both all-Inclusive and expertise-based packages. The all-Inclusive package include the full range of travel-related services, including visa application, booking of tickets and hotels, insurance, Wi-Fi and sightseeing. The expertise-based package consists of Bang.travel's pioneering inquiry services and custom-made travel solutions, both of which are provided to users through over 2,000 travel experts across the globe. Additionally, Daniel said that he felt it very convenient to travel abroad by using Bang.travel's travel planning App and its round-the-clock customer service provided by a professional team. "Bang.travel's new ground-breaking travel model which has been widely recognized among users holds a promising future, laying a foundation for the company's capital operation."
"Akin to capital and financial operation which plays a critical role in the development of a company, an experienced CFO plays an important role in enhancing the company's capital management and financial results. With his proved and undoubted qualifications and capabilities, Daniel is set to bring greater value to Bang.travel," commented Dennis Zhang.
Bang.travel adheres to the spirit of free travel!
For more information, please visit: http://www.bang.travel
SOURCE Bang Travel