Yosen Group Names Ex-Alibaba Senior Manager as Chief Operating Officer

Aug 20, 2015, 08:00 ET from Yosen Group, Inc.

YIWU, China, Aug. 20, 2015 /PRNewswire/ -- Yosen Group, Inc. (stock symbol: YOSN) ("Yosen", or "the Company") today announced that Mr. Liang Yao, an ex-Alibaba senior manager, has joined Yosen as the Chief Operating Officer (COO) to help further build a competitive cross-border import & export O2O platform.

A veteran in e-commerce, third party payment, mobile internet, big data and related sectors, Mr. Yao served a number of operational management positions with industry leading companies such as LianLian Group, which is American Express's JV partner in China, Alibaba Group Holding Limited and its affiliated companies including Alibaba Cloud Computing, Alipay, Koubei.com (collectively, "Alibaba").

Mr. Yao built rich operational and project management experience when he worked at Alibaba and its related companies. He took charge of and participated in projects such as Taobao O2O platform, YunOS, Alipay offline payment, and merchant product design, among others. He served as the Director, Senior Expert, and Business Development Senior Manager at various divisions and affiliates, such as Alipay's Offline and Overseas Business, Koubei.com, as well as YunOS. 

After Alibaba, Mr. Yao joined Lianlian Group, the one and only joint venture acquired in China by American Express, as the General Manager of its Finance Division. He was mainly responsible for American Express's e-wallet service development strategy in China, product localization and implementation in O2O platform, as well as strategic cooperation with large institutions such as banks and POS operational service providers. Yao and the team developed Lianlian Group's very first third-party online payment solution.

Yao has a Master's Degree in Management from Zhejiang University School of Management, and a Bachelor's Degree in Science from Zhejiang University College of Computer Science and Technology.

Liang Yao's joining is a clear statement of Yosen's dedication to continuously transform and rebrand itself. Over the last eighteen months or so, Yosen has methodically made a push into a cross border O2O platform. Mr. Yao's well-rounded background and operational expertise is believed to be a perfect supplement to the Company's strategy refinement and execution.  

"We are very excited about Mr. Yao's joining us," commented Yosen's CEO Mr. Zhenggang Wang, "The timing can't be better. Since the beginning of 2014, Yosen has gradually executed our new positioning to build both off-line and on-line trade channels, bring in the world's best quality consumer products into China and simultaneously promote China's most competitive products overseas. Mr. Yao's addition to the Company is just what we need to further strengthen our cross-border O2O business, broaden our reach along the full supply chain, expand our functions and strategic channels. We have a number of new initiatives under planning and early execution now, and will update our shareholders our latest development in the due course."

About Yosen Group, Inc.

Yosen Group, Inc. ("Yosen Group", or "Yosen") was founded in Yiwu City, Zhejiang Province, in 1997. Yosen Group, through its corporate headquarters in China and its wholly-owned U.S. subsidiary, is committed to building cross-border sales channels for bringing the world's best consumer products to China and, simultaneously, introducing China's most competitive products to the overseas markets. Yosen Group is China Commodity City Group's exclusive partner in the Greater New York area. The Company operates under the "Yosen" and "Yong Xin" brand names.

For more information, visit http://www.yosn.com/.

Safe arbor Statement

Certain statements in this press release, constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements include, without limitation, statements regarding the Company's future performance. The Company has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the periodic reports that are filed with the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.

For more information, please contact:

Xiaochun Yang
Tel: +86-571-2888-8036
Email: ceo@yosn.com

SOURCE Yosen Group, Inc.



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