Retail in Asia

In People

Jumei appoints new independent director

China’s online retailer of beauty products, Jumei International Holding Limited recently announced the appointment of Bob Xiaoping Xu as a new independent director, effective 18 August 18 2014. He will serve as a member of the audit committee.

Zu is the founder of ZhenFund, an angel investment fund focused on seed investments in the TMT sector such as e-commerce, mobile, gaming, O2O, as well as in education.

Prior to founding ZhenFund, he co-founded New Oriental Education & Technology Group, the largest provider of private education in China. Xu, who is the current Chairman of China Angel Club, is known as one of China’s pioneering angel investors, with distinctions from Forbes China among "Top 100 Chinese Celebrities in 2004", from Entrepreneur Magazine as "2011 Best Angel Investor in China", from Founder Magazine as "2013 Best Angel Investor in China" and "2013 Zhongguancun Angel Investor Trailblazer".

Xu received a bachelor’s degree from the Central Conservatory of Music in 1983 and a master’s degree from University of Saskatchewan in 1992.