Former top Vertex exec Jiang Honghui joins 17LIVE Group as CEO | e27

Asia’s leading live-streaming company, 17LIVE Group, has promoted Jiang Honghui to CEO and Executive Director.

He succeeds incumbent Joseph Phua, who will continue as the Non-Executive Non-Independent Chairman.

Honghui, who has been working closely with Phua as an advisor since the second quarter of 2024, will be responsible for the company’s overall operations and strategic direction.

With an MSc in Mechanical Engineering from MIT, Honghui comes with over 12 years of experience in VC investment, including over seven years at the Vertex Group.

Also Read: ‘SEA’s podcast market is ripe for adoption; we just need to educate the public’: Joseph Phua of M17

He first joined the Vertex Group in January 2009 and was responsible for investment activities in technology, consumer internet, healthcare, and cleantech in Southeast Asia and Greater China until March 2013.

Later, he joined as a director on the board of Vertex portfolio Shenzhen Chipscreen Biosciences for four years until 2013. He also served on the boards of several other technologies and information technology companies.

Honghui returned to Vertex Group in March 2021 to focus on growth-stage investment opportunities. From January 2022 to December 2023, he was the CEO and Executive Director of Vertex Technology Acquisition Corporation, the first special purpose acquisition company (SPAC) listed on the Singapore Stock Exchange. In December 2023, he led the business combination with 17LIVE.

Also Read: How 5-year-old live-streaming app 17LIVE acquired 60M users globally

From January 2024, he has been MD (Investment) at Vertex Holdings, focusing on growth-stage investment opportunities and portfolio management in China and Japan.

Prior to this, he held various roles in Whispir China Software Company, EDBI, and Fosun International.

17LIVE is a pure-play live-streaming platform in Japan and Taiwan with a presence in Hong Kong, Singapore, the US, the Philippines, India, and Malaysia. It connects users with live streamers who generate content of interest through AI-powered personalised search and recommendation. According to Frost & Sullivan, 17LIVE commanded a market share (by revenue) of 20.8 per cent in Japan and 26.9 per cent in Taiwan as of 2022.

—

The post Former top Vertex exec Jiang Honghui joins 17LIVE Group as CEO appeared first on e27.

Source link