Sina Finance News, November 10 morning消息, Sina Finance has learned that Ye Fei, former Deputy General Manager of Onewo (HK: 02602), has returned to H World Group (NASDAQ: HTHT) and assumed the role of CIO.
According to a person familiar with the matter, against the backdrop of H World's asset-light operation strategy, Ye Fei will primarily be responsible for asset securitization, real estate asset investment and operations, and related work.
Ye Fei has deep ties with H World. Public information shows that from March 2016 to July 2023, Ye Fei held positions at H World including Group Deputy CFO, CFO of Chengjia Apartment, and Vice President of Strategic Investment and Capital Markets.
During his time at H World, Ye Fei was long responsible for global investment and portfolio management, and led H World's acquisitions of Crystal Orange Hotel, Huajiantang, and Deutsche Hospitality, while also establishing a hotel real estate fund focused on the Chinese market.
In July 2023, Ye Fei left H World and joined Onewo (HK: 02602), the property management company under China Vanke Co., Ltd. (SZ: 000002), overseeing mid-office functions including the Planning and Development Department, the Finance and Capital Management Center, and the Data and Information Technology Center.
In March 2024, Ye Fei was appointed Deputy General Manager of Onewo, and in 2025 additionally served as General Manager of the Asset Operation Center, responsible for the management and operation of community commercial assets.
In April this year, Ye Fei formally resigned from Onewo.
Public information shows that Ye Fei graduated from Shanghai Jiao Tong University with a bachelor's degree in economics; from 2004 to 2016, he worked at Booz & Company and the direct investment department of CITIC Capital, during which he obtained an MBA from Harvard Business School.
Ye Fei's return comes as H World's asset-light transformation enters a deep-water phase.
In the first half of 2026, H World's managed franchise and licensed operation revenue accounted for more than 50% for the first time, becoming the group's most important source of revenue.
Another landmark move is that in October this year, the H World Anzhu REIT was officially offered for sale, marking the first hotel-type commercial real estate REIT on the Shenzhen Stock Exchange, and also the first public hotel REIT in China led by a private hotel group. The fund was initiated and established by Anzhu Cijian as the original equity holder, and Anzhu Cijian is a hotel and long-term rental apartment investment and asset management platform established by H World and institutional investors.
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