Carshen, a subsidiary of Ufrate Inc, was founded by a group of successful entrepreneurs in Silicon Valley, California to target the booming market in internet car sales platform. Carshen connects buyer with multiple neighboring dealers in a smart and transparent way. Carshen received 1 million USD as seed money and is currently looking for series B funding about 15 Millions USD.

Founder and CEO: Dr. Zion Shen

Dr. Shen is CEO and founder of Carshen Inc. He brings various technological innovations and business strategies into the online vehicle sales. Prior to founding Carshen, Dr. Shen successfully co-founded two other high-tech startups in Silicon Valley. Dr. Shen received his Ph.D. degree in Computer Engineering from Iowa State University in 2004 and his bachelor's degree in Electrical Engineering from Tsinghua University, Beijing in 2000. He worked as senior software engineer in Cadence Design Systems. Dr. Shen has seven papers published in major IEEE VLSI CAD Journals and conferences and holds a few patents on digital advertisement and web related areas.

Co-founder and President: Richard Lee

Richard Lee is president and co-founder of Carshen Inc. He is the CEO of Phaselink Inc., U.S.A  and the President of Qnap Inc., Taiwan. Prior to founding Carshen,  Richard Lee successfully co-founded AsusTek Computer (Symbol: AKCPF), the largest PC mother board manufacturer in the world. Richard had worked as a corporate sales manager for Acer for nine years before AsusTek.

Senior Business Advisor: Joseph T. Hsu

Joseph T. Hsu serves as senior business advisor for Carshen Inc. Before joining Carshen., Joseph T. Hsu is ex-CEO of Symbio Group, China. A pre-IPO software company across 13 offices and development centers worldwide. Prior to founding Symbio in 1994, he was Executive Vice President of IISI, an IBM joint venture. In 1987, with 100% funding by IBM, he helped found NeoTech Development Corporation (NDC), a software and firmware development company in Taiwan. NDC developed many of IBM's systems, including Netview, Banking Transaction Security System and OS/2 components. Mr. Hsu received his Master's degree in Economics from New York University and his Bachelor's degree in Economics from National Taiwan University. He currently sits on the Board of Directors for a number of software and technology companies.

Corporate Advisor: Dr. Stephen Chiao

Dr. Chiao serves as the corporate investment advisor of Carshen Inc. Dr. Chiao is also a Partner of Sycamore Ventures and a Founding Partner of GreenStar Management Corporation. Since 2002, he has served on the investment committee for both SVC and AsiaStar investment funds. Over the last 15 years, Dr. Chiao has directed and advised eight successful IPOs with a combined market capitalization of over 3.5 Billion USD. He has also directed and advised on six successful merger and acquisitions with a combined sale value of over 500M USD. Prior to joining Sycamore, Dr. Chiao held various senior management & technical positions at Mosel, Gould/AMI, Hewlett-Packard and Varian Associates. He also advised several high-tech startups and investments in Silicon Valley. Dr. Chiao currently serves on the boards of ACM, AOI, Cleantech America, Corrigo, TeleNav, and Wafer Works. He also serves as a senior advisor to Green Energy Worldwide, illuminate, and Solargiga Energy. Dr. Chiao received his Bachelor Degree from the National Cheng Kung University in Taiwan, his Master Degree from the University of Southern California and his Ph.D. in Material Science and Engineering from Stanford University.