Chayora, which develops and operates hyperscale data centre campuses in China, hired Shi from her role as head of finance for Byton, an EV start-up, where she established effective financial operations, processes, systems and teams.
She is credited with delivering a diversified debt financing structure and played a key role in four rounds of equity financing, which in combination totals up to US$1.2 billion. Prior to that, she worked as a senior finance executive in a Silicon Valley new energy start-up as well as a US-based tier one automotive supplier.
The company is headquartered in Hong Kong but Shi will be based in Shanghai.
“We are delighted that Teresa has joined Chayora’s senior executive team in this key role which is fundamental to our future growth strategy.” said Oliver Jones, co-Founder and CEO of Chayora.
“Her financial rigour and insight will strongly support our expansion plans and bring insight and best practice to the company,” Jones added.
In her new role, Shi is tasked with managing and optimising the financial performance of Chayora, offers effective fund-raising activities and provides financial clarification to evaluate decisions and strategies.
She said: “Chayora is an exciting business and I look forward to supporting its projected growth plans.
“The data centre industry is exploding and in a post-Covid world all sectors are aware of their dependence on the internet and data related services. Growth in digital infrastructure and the recent regulatory changes that have created a demand for expansion by businesses wishing to trade in China’s financial services will inevitably fuel Chayora’s growth," Shi added
Chayora's CFO role was previously held by Qingyuan Li, who joined the company in 2019.
