Key People

Luo Peng

Executive Director

Mr. Luo Peng is a Chinese entrepreneur who is at the forefront of the digital economy. Mr. Luo currently serves as the chairman and founder of Fubao Group as well as holding a number of executive and non-executive directorships in various companies and organisations. Fubao Group is a diversified investment group which has investments across multiple sectors including industrial big data, education and training, and traditional Chinese culture. Fubao Group adopts a capital-driven approach to the education sector and is committed to introducing a successful international schooling experience, establishing and improving the communication and connection between education and vocational training as well as improving the teaching quality and attractiveness of vocational education institutions. Fubao Group’s vision is to create a new global education ecosystem by utilising its knowledge of the digital economy which removes geographical distances and helps to break down cultural and linguistic barriers.

Prior to forming Fubao Group, Mr. Lao worked for Truck Alliances, serving as Truck Alliances’ chief operating officer and chief executive officer, where he helped to create China's largest online highway logistics information platform. In 2017, Truck Alliances merged with another unicorn (a privately held startup company valued at over $1 billion) to form the Man Gang Group, currently valued at more than $6 billion. Man Gang Group is ranked as one of China's top ten leading companies within the digital economy, as its shareholders include Softbank, Google, Sequoia, Hillhouse Capital Group, and the World Bank.

Mr. Luo’s career has been repeatedly recognised by the Chinese authorities and business communities. In 2018, Mr. Luo was invited to be a member of the Expert Advisory Committee of the Fourth Global Big Data Expo and was awarded the Private Entrepreneur Medal of Guizhou Province. In 2017, he served on the panel of judges for the China International Big data contest. In 2016, he won the Tsinghua University 'top ten management innovation thinkers and practitioners' title.

Mr. Luo has also held social positions such as the representative of the National People's Congress and the executive committee of the All-China Federation of Industry and Commerce.

Mr. Luo graduated from the Department of Civil Engineering of Southwest Jiaotong University in 1997 with a first-class honour’s degree in engineering. He currently lives in China.

Zhang Xiaojun (known as Jeff)

Executive Director

Mr. Zhang has led and was responsible for management of funds, investment and financing services and government liaison for investment into industry specific targets. He is the chief executive officer of Starcrest Education Management Company Ltd which has invested in education projects both within and outside China. During 2016 and 2017 he was the chief executive officer of First Capital Fund Management Limited, which is a private equity fund focusing on investment in the education sector and a subsidiary of the China First Capital Group Limited (Hong Kong Stock Code: 1269). In 2017, he accomplished a private investment in public equity (PIPE) deal of approximately AUD 95.6 million in G8 Education Limited, the largest kindergarten chain in Australia. He worked at CITIC International Assets Management and CITIC YBN Capital during the period between 2006 and 2016. He later worked for Henan Management Henan Agricultural Development Investment Fund, one of the early industry specific funds established in China, as the general manager. He was also deeply involved in the establishment of seed funds under the Chongqing Industry Investment Fund. Two seed funds focusing on cultural and agricultural industries were successfully established. One of the projects funded by the seed fund invested in, a website that provides one-stop business services required for setting up and running an enterprise.

Mr. Zhang graduated from Shenzhen University in 1996 and completed a bachelor degree of business (banking and finance) from Monash University in 2002. He also obtained a masters degree of commerce in funds management from the University of New South Wales in 2002. He resides in the UK.

Lim Hun Soon (known as David Lim)

Independent Non-Executive Director

Mr. David Lim is currently a Non-Executive Director of Press Metal Aluminium Holdings Bhd, Public Investment Bank Bhd, Ranhill Utilities Bhd, Kawan Food Bhd and Rockwills Trustees Bhd. He has also held a number of other Non-Executive Directorships and is a former Council member representing Malaysia for the Institute of Chartered Accountants in England and Wales - ICAEW (2013-2019), retiring after serving the maximum term of 3 terms of 2 years. He retired from KPMG in 2011 after 33 years, including 21 years as a Partner and in both the Management Committee and Supervisory Board for over a decade.

Jasbeer Singh

Independent Non-Executive Director

Mr. Jasbeer Singh is an Advocate and Solicitor of Malaysia with extensive litigation, arbitration, advisory and conveyancing experience. He acts as an advisor to a number of listed corporations and public administrative bodies across a wide variety of sectors and industries.