Ms. Katherine Lui has always been passionate about using creativity in conquering challenges and is always fascinated by innovations that disrupt the world. She was influential in guiding some of the fastest growing companies in China to become Unicorn companies in just a few years’ time. She played a pivotal role as the advisor to VIPSHOP (the third largest e-commerce site in China) and YONGCHE (a Chinese domestic e-platform that enables users to book professional car reservation services online) when they were at their early stages.
Ms. Lui believes vehemently that entrepreneurs are the driving force in shaping the future of business. They regularly use technology coupled with knowledge to create massive value and deliver results. As a Chartered Professional Accountant (CPA) herself, Ms. Lui believes this people + technology can even be applied to the accounting profession, leveraging their knowledge and experience along with technology to disrupt the business world.
Through working with her clients and business partners, Ms. Lui most enjoys contributing her energy in working with people with technological creativity to assist them with her expertise – formulation and implementation of business strategy focusing on financial related solutions. She set the culture and mission of her two companies - CanCan and CanAsia to be “Innovation first”; cultivating novel and improved solutions to solve problems more efficiently. Having been on the judging panel for numerous business competitions, Ms. Lui sat as on the judging panel at two key competitions: the “Elevator Pitch Competition” by HKSTP and the “HKUST25Projects” by HKUST in 2017 and 2016. She also is the acting CFO of FEW (Female Entrepreneurs Worldwide) and the Finance Director of the board of Entrepreneurs’ Organization Beijing International (a global non-profit organization with 12,000+ members from 53 countries, whose stated mission is to "Engage leading entrepreneurs to learn and grow."). Ms. Lui also works as the Expert in Residence for China Accelerator – a leading startup accelerator in China operated by SOSV, with a mentorship-driven program helping early stage international companies excel.
Ms. Lui filmed a series of videos in late 2017 to share her experience in the past 10 years assisting her clients (Venture Capital funds, Private Equity Funds and entrepreneurs) in fund raising processes with the title “Exit Strategies – from the Founder’s point of View”. These videos will be available via FEW and the Showmuse App starting 2018.
In the formative years at CanAsia Consulting Group, a boutique transaction services firm with offices in Hong Kong and Shanghai, Ms. Lui led her team by focusing on providing financial due diligence services for investors checking on their target companies. As a result, some of these target companies (such as VIPSHOP – NYSE:VIPS) sought Ms. Lui’s team to advise on post investment financial matters as: CFO related service areas (fund raising, financial controls, budgeting) and Key Performance Indications for senior managements, employee options value calculating advisory. It is this transition and the requirements from her fast-growing company clients that inspired Ms. Lui to roll out her current products - An acting CFO service with a self-developed ERP software – CanCan看看 to China and the world.
Prior to establishing CanAsia Consulting Group, Ms. Lui worked for KPMG Toronto, Shanghai and Hong Kong for almost 12 years mostly on IPO and Merger & Acquisition projects such as listing of China Mobile and Sinopec; and the acquisition of 康師傅’s (Master Kong) beverage department by Asahi Breweries, Ltd. She left KPMG in late 2004 and co-founded a private equity firm Centerstone Partners to build international business strategies in medical equipment and pharmaceutical field that succeeded in closing a pharma deal with a single green-field company valuing at US$100 million in 2007.
The CanAsia team was involved in more than 100 deals in the past few years and the total value has exceeded US$20 billion in total deal size.
Ms. Lui graduated from University of Toronto (Bachelor of Commerce) and got her MBA from Schulich School of Business of York University, Canada. She is a practicing Certified Public Accountant in Hong Kong and a member of the Institute of Public Accountant of Ontario Canada. She also wrote the American Institute Certified Public Accountant examination and passed that before she left North America in mid 1990s.
Tony has been active in the internet related business investment circle for 10 years providing quick and in-depth financial due diligence services to investment funds with focus on target companies in technology and internet industries. The cases that he led include a global internet language learning services provider with offices in Shanghai and Hong Kong; and a digital direct marketing via WeChat targeting international brands’ members. With his vast hands-on experience conducting due diligence on these internet services, B2C business models and digital marketing companies, he is one of the favourites amongst our investment funds clients.
During China’s internet business boom the past few years, Tony has participated in almost 100 deals. With Tony’s in-depth working with the management of this particular panel of target companies, we have evidence backed insights on key success factors and critical risks that early stage businesses must be aware of. Cases that Tony led include 51Talk (NYSE:COE); VIPSHOP (NYSE:VIPS); YONGCHE (China’s third biggest Ride Share company in 2016) and Fxiaoke (one of the biggest customer relationship management platforms in China).
Apart from his expertise in the technology and internet industry, Tony is proficient in cross industry mergers & acquisitions as well. He worked on a global Top 500 lighting company’s acquisition in a Chinese distribution company, and he also worked on a Chinese digital marketing company being acquired by a Japanese top advertising firm. From preparation of financial data, financial due diligence, and post investment closing conditions management and execution, companies can be assured by Tony’s immense capabilities.
Prior to joining CanAsia, Tony worked with Ernst & Young, where was the auditor for many foreign invested entities, including a German manufacturer and a Swiss packaging and design company. Tony also participated in a listing of a coal mining company.
Tony graduated from Nanjing Audit University and is a member of CICPA and ACCA.
Hubert believes that using information technology together with financial accounting knowledge is the most effective way to solve his clients’ ad hoc business issues. Hubert is familiar with both the IFRS and PRC GAAP and the related requirements of preparing financial reports for their respective readers. Hubert is also good at the design and implementation of controls and policies for setting up the management reporting system in such a way as to facilitate the operations team and finance team’s effective collaboration to achieve the company’s key performance indicators (KPIs).
Hubert’s main focus is providing acting CFO services to clients who high growth, market share capturing hi-tech and internet enterprises. These companies therefore process a significant amount of data and will require the use of some form of information technology or a streamlined EPR system module.
Some of our clients are small and medium size international companies with offices in different cities operating in and out of China. Companies like these is most benefitted by a simple and effective ERP solution.
As the acting CFO of these companies, Hubert will assist in functions such as the establishment of overseas and domestic shareholding structures, setting financial budgets, analyzing discrepancies between budget and actual expenditures, and setting product prices at different stages. In the fast-growing entrepreneurial environment, Hubert can assist clients in implementing simple and easy solutions, by using an ERP system effectively. Currently, Hubert lends his acting CFO talents to: e-commerce businesses with import and export capabilities; online payment platforms; an artificial intelligence focused home product company, human resource information management systems, and a remote-video medical consultation service company.
Prior to joining CanAsia, Hubert was a senior manager at KPMG, and led over 100 audit engagements, including: a new energy company IPO listed on H-shares and auditing of its 20 subsidiaries, preparation cash flow statements and consolidation of 80 subsidiaries; leading the team to prepare annual reports and audits, and providing specialist accounting consulting services for a Hong Kong listed energy management company.
Hubert graduated with his Master of Finance degree from Renmin University of China and is a member of CICPA.