Wu said: Deciphering the complicated bilateral structure of OK's high-level management, the management of professional managers tends to be stable
This is the third in a series of articles on the organizational structure of the three major exchanges. Before reading, please refer to:
OKCoin is one of the earliest cryptocurrency exchanges in China, and it is also known as the Big Three together with Binance and Huobi. OK's exposure in the Chinese region is relatively higher, but due to the strict external confidentiality system, complex organizational system, and frequent changes in executives, OK's high-level organizational structure is the most difficult to summarize.
It is worth noting that OK, which has experienced frequent executive changes in history, seems to have entered a relatively stable period under the control of professional managers in recent years. There are also many bright spots in the recent business development of OKEx. While stabilizing the advantages of derivatives, it has joined competition in other fields , while carrying out international business in Japan and the United States.
Xu Mingxing is the undoubted founder of OK, but after 18 years, he cut off from OKEx, and the official will no longer mention it. However, it is still the major shareholder of Ooke Cloud Chain, and more attend the event in the name of the founder of Ooke Group. OK's current business structure is divided into two parts, the first is the exchange business OKEx; the other is the Hong Kong listed company Okey Cloud Chain, including OKLINK, the compliance trading platform OKCoin, etc.
In the OKEx section, CEO Jay Lun/JayHao and CSO Xu Kun represented the company in public, and they are currently the top two figures in OKEx.
JayHao: Born in 1974, he graduated from the University of Mississippi in the United States and a master of electrical engineering from the Georgia Institute of Technology in the United States. He worked as a professional manager in several traditional electrical engineering and semiconductor companies. He joined OKEx in 2018 as the CEO.
Xu Kun: graduated from Renmin University of China with a master's degree in economics (Xu Mingxing alumnus), joined China Fortune Land Development Foundation in 2010, worked in Zhongrong Trust and Tianfeng Securities, and served as research director of Tianfeng Securities Blockchain Research Center, joined OKEx in early 2019, Responsible for investment, business, currency listing and other work.
James Jiang: An old man who joined OK in 2016. He has worked in many multinational companies such as Oracle and TripAdvisor. He is responsible for marketing, user acquisition and business data analysis. He is mainly responsible for global and Chinese user growth and marketing. He is currently serving as Marketing VP with CMOs.
Unfortunately, OKEx's products, operations, R&D, and contract VPs have not been disclosed to the outside world, and are kept strictly confidential. But we can confirm that these four heads of related businesses also have important positions within OKEx.
Okey Cloud Chain includes blockchain browser and technology service provider OKLink, stable currency, incubator, overseas compliance exchange OKCoin, academic research, etc.
Ren Yunan: Chairman of Okey Cloud Chain, born in 1975. In 1993, he was admitted to the Law Department of Peking University with the first place in the total score of liberal arts in Nanjing City, Jiangsu Province. After that, he successively obtained a Bachelor of Laws from Peking University and a Master of Laws from Harvard University. From 2004 to 2007, he served as a senior lawyer; from 2007 to 2008, he served as the vice president of the China investment banking team of Lehman Brothers Asia Investment Co., Ltd., and on July 9, 2018, he served as the executive director, chairman and chief executive officer of Okey Cloud Chain.
Hong Fang: COO of OKCoin, chairman of OKCoin, an early investor of OK, graduated from Peking University, and has an MBA degree in finance, accounting and entrepreneurship from the University of Chicago Booth School of Business, working in Goldman Sachs' New York headquarters and the West Coast He has worked in the office for eight years, and previously served as the investment and strategy director of Giant Network (Shi Yuzhu, the founder of Giant Network, is the second largest shareholder of OK).
Tim Byun: Responsible for government relations, he has served as the risk director of VISA's credit settlement department and the chief compliance officer of BitPay.
Recently, OKCoin also introduced Megan Monroe-Coleman, the former senior director of compliance at Coinbase, as the chief compliance officer, and Haider Rafique from Blockchain.com as the global marketing officer, accelerating the pace of internationalization.
Compared with the structures of Binance and Huobi, OK has adopted a relatively complex organizational structure, such as packaging compliant businesses into Okey Cloud Chain. The advantage of this is that it can minimize the compliance risk of the company's business, but the disadvantage is that it will be difficult to integrate the company's internal resources, and it is not conducive to international development. It can be seen that the internationalization progress of OK is relatively slow.
As we all know, the executives of OK have changed frequently in history, even the Whampoa Military Academy, which is known as the currency circle. The high-level structures of Huobi (Li Lin + Zhu Jiawei) and Binance (CZ + He Yi) are relatively stable. At present, the combination of JayHao and Xu Kun seems to have kept the OKEx system stable. It can be seen that JayHao has gained more trust. Under the arrangement of professional managers, we also expect OK's future development to be more rational and stable.
Attached OK shareholding structure:
According to Lianwen statistics, apart from Xu Mingxing who personally holds more than 50% of the shares, there are the following investors:
Shi Yuzhu's daughter Shi Jing holds 13% of the shares;
Feng Bo, the founder of Ceyuan Venture Capital, holds 9.86% of the shares;
Zhuo Yue, vice chairman of the China Art Foundation, holds 5.08% of the shares;
Tang Yue, the founder of Xiaoying Technology and the founder of Yuanyilong, holds 7.89% of the shares;
Venture investor Mai Gang holds 5.08% of the shares;
Cai Wensheng, the founder of Meitu, holds 1.82% of the shares;
Feng Tao, the founder of Shanghai Lianchuang and the brother of Feng Bo of Ceyuan Venture Capital, holds 0.5% of the shares;
Shen Guojun, chairman of Yintai Group, Wang Yawei, Yang Yongxing, and Wei Weiping, the first brothers of public offerings, also participated in the investment.
