205:. Hsieh defended New Oriental in the press, stating that Muddy Waters had incorrectly extrapolated New Oriental's accounting and business model from one of its subsidiaries. New Oriental ultimately did not restate its earnings as Muddy Waters had predicted, and its stock rebounded by over four times since its low of $ 9.50 on July 18, 2012, the date of the SEC investigation announcement following the Muddy Waters report. The SEC investigation was concluded in 2014 without any enforcement action.
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Inc. (formerly NASDAQ: NORD, taken private in 2017). Hsieh served as an independent director and chairman of the audit committee of
Perfect World (formerly NASDAQ: PWRD, taken private in 2015) from 2007 through 2009. He has also served as a board member at LDK Solar, where he was chairman of the audit committee.
99:
1965) is a
Chinese businessman and lawyer and the global chief financial officer (CFO) and director of Hesai Group (Nasdaq: HSAI), a company supplying three-dimensional light detection and ranging (LiDAR) solutions. Hsieh joined Hesai as CFO in April 2021 and became a director in June 2021. He helped
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at NIO (NYSE: NIO), a global electric vehicle manufacturer based in China which completed an IPO in
September 2018. Hsieh resigned from the company in October 2019. From August 2016 through September 2017, Hsieh was an independent director and chairman of the audit committee of Nord Anglia Education
189:
In 2007, Hsieh was named a board director, and in 2009, he became New
Oriental's president. The number of New Oriental schools doubled in following two years, and in 2011, Hsieh announced that the company would slow its expansion for a time and make more of an effort to fill existing classrooms and
208:
In April 2015, Hsieh was succeeded as CFO by
Stephen Zhihui Yang, but continued to serve as New Oriental's president. In January 2016, Hsieh stepped down as New Oriental's president and was succeeded by Chenggang Zhou. Hsieh remains a non-executive director and a senior advisor.
197:, that stated that New Oriental was using accounting tricks to overstate its profits, and that it would soon have to restate its earnings. The Muddy Waters report coincided with an investigation by the US
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facilities. During Hsieh's time as president, New
Oriental also dramatically expanded its POP Kids program, which provided language instruction to children from 3–14 years of age.
111:(NYSE: EDU, HKSE: 09901), or New Oriental, a Chinese provider of private educational services, as well as an independent director and chairman of the audit committee of
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in Palo Alto and as a vice president at J.P. Morgan & Co. for four years. He subsequently served as a managing director of
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One of the more notable events of Hsieh's tenure was the 2012 publication of a report by an
American firm,
166:(2000–02), managing director of Darby Asia Investors (2002–03), and CFO of Ario Data Networks (2003-2005).
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Hsieh received a bachelor's degree in
Industrial Engineering and Engineering Management from
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take the company public on Nasdaq in
February 2023, with an initial public offering (
283:"Chinese Firms Still Face Multiple Challenges to List in US Despite Hesai's Success"
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CFO Moves: Hyatt Hotels, New
Oriental Education & Technology Group, Tilly’s
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Holdings, Inc. (NYSE: YUMC, HKSE: 09987), a restaurant operator in China.
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534:"Electric car maker Nio stems losses but still faces cash crunch"
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New Oriental’s Hsieh Says SEC Push May Lead to Losing Situation
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LDK Solar’s Audit Committee Chairman Resigns, Shares Decline
560:"Nio's CFO resigns as financing deals languish · TechNode"
115:(NASDAQ: JD, HKSE: 09618), and an independent director of
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M-I-C-K-E-Y Mouse Teaches China English, Love for Disney
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New Oriental Announces Completion of SEC Investigation
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Latest China IPO In The US Shows Surge Of Dragon Power
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as a corporate securities attorney. He then worked at
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446:"Chinese Education Firm Dragged Into Muddy Waters"
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964:Stanford University School of Engineering alumni
420:Chinese Education Firm Dragged Into Muddy Waters
584:LDK audit committee chief resigns, shares slide
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109:New Oriental Education & Technology Group
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369:China chain slows new school expansion drive
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408:New Oriental: This is driving our earnings
396:China?investors?grow angry at mud-slinging
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496:New Oriental Announces Management Change
258:"tm2120356-22_f1a - block - 53.3282776s"
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201:and caused EDU to drop by 57% on the
186:, which was oversubscribed 35 times.
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333:A Little Education Goes A Long Way
199:Securities and Exchange Commission
145:University of California, Berkeley
61:University of California, Berkeley
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217:Beginning in 2017, Hsieh was the
174:In 2005, Hsieh became the CFO of
974:UC Berkeley School of Law alumni
959:Chinese chief financial officers
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969:Harvard Business School alumni
16:Chinese businessman and lawyer
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954:Chinese business executives
879:Changan-Nio (sold off, now
239:"Hesai Technology Homepage"
154:From 1990-95, he worked at
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984:NIO (car company) people
164:UBS Capital Asia Pacific
886:GAC-Nio (sold off, now
281:Pandaily (2023-02-15).
219:chief financial officer
203:New York Stock Exchange
184:New York Stock Exchange
180:initial public offering
149:State Bar of California
137:Harvard Business School
107:Hsieh is a director at
78:Global CFO, Hesai Group
57:Harvard Business School
718:JD Asia No 1 Warehouse
486:. Wall Street Journal.
139:, and a Juris Doctor (
999:JPMorgan Chase people
195:Muddy Waters Research
147:, before joining the
85:Louis Tung Jung Hsieh
33:Louis Tung Jung Hsieh
994:Credit Suisse people
767:Current Nio vehicles
611:New Oriental website
156:White & Case LLP
989:New Oriental people
350:www.neworiental.org
311:. LinkedIn profile.
129:Stanford University
53:Stanford University
905:Nio Formula E Team
540:. 30 December 2019
398:. Financial Times.
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346:"Mr. Louis Hsieh"
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598:. Bloomberg.
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568:. Retrieved
566:. 2019-10-29
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176:New Oriental
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671:Louis Hsieh
457:20 December
262:www.sec.gov
143:) from the
70:Businessman
41:Citizenship
1004:UBS people
938:Categories
859:ET Preview
586:. Reuters.
570:2020-02-06
519:2023-03-03
355:2023-02-22
292:2023-02-22
267:2023-02-22
226:References
123:Early life
67:Occupation
692:JD Health
687:JD Gaming
544:2 January
422:. Forbes.
335:. Forbes.
323:. Forbes.
117:YUM China
49:Education
923:Category
836:vehicles
832:Current
713:DingDong
564:TechNode
287:Pandaily
799:ES8/EL8
794:ES7/EL7
789:ES6/EL6
513:Reuters
410:. CNBC.
95:, born
89:Chinese
898:Racing
706:Others
680:Brands
654:People
647:JD.com
451:Forbes
113:JD.com
91::
888:Hycan
135:from
131:, an
75:Title
834:Onvo
546:2020
459:2016
29:Born
864:Eve
843:L60
814:ET9
809:ET7
804:ET5
784:EP9
779:EC7
774:EC6
760:Nio
133:MBA
102:IPO
93:謝東螢
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