Jinbo Yao is the Founder and serves as Chief Executive Officer, President & Chairman at 58.com. Prior to founding 58.com, Yao founded domain.cn in 2000, a domain name transaction and value-added service website in China. He also serves as Angle investor at Yao Jinbo. After domain.cn was acquired by net.cn in September 2000, Yao served in various managerial roles at net.cn including vice president of sales until 2005. Yao also co-founded and serves on the board of directors of Xueda Education Group (NYSE: XUE). Yao received his bachelor's degrees in computer science and chemistry from Ocean University of China (formerly known as Ocean University of Qingdao) in 1999.