Charles Chao or Cao Guowei (曹国伟) is a Chinese businessman who is the CEO and President of Sina Corp. Sina Corp is listed to trade on NASDAQ and now has around 12,900 employees worldwide. He has been with Sina since 1999, where he came in as vice president of finance.
He’s also the brains behind Sina Weibo, one of China’s most popular Twitter-like services.
Chao holds a Master of Professional Accounting degree from University of Texas at Austin, an M.A. in Journalism from University of Oklahoma and a B.A. in Journalism from Fudan University in Shanghai.
Chao joined Sina in 1999 when the company was facing difficulties in its attempts to get a listing on the NASDAQ. He overcame this challenge by establishing Sina as a VIE (Variable Interest Entity) company, which cleared the way for a successful listing in the US.
Since then, he has served as Sina’s Chief Financial Officer (CFO), Chief Operating Officer (COO) and President in September 2005, Chief Executive Officer (CEO) in 2006, and finally Chairman of the Board in this August. He is the first Chairman and CEO in company’s history. In 2009, he helped launch Sina Weibo, which has gone on to achieve great success.
Chao has also made use of the Company’s platform to support public welfare undertakings in China. Currently, Sina is one of the largest venues for making donations and emergency fundraising and is one of the first internet companies to set up a charity and public welfare platform. Now, Sina has established Yang Fan Public Welfare Fund, which will enable the company to participate more effectively in charity and public welfare causes.