Baidu top exec behind firm’s AI drive to step down

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Lu is the latest in a series of high-profile AI experts to leave the company in the past year, amid fierce global competition for talent in the field.

Baidu

HSBC names Rajeev Sahney as head of Asia advisory, corporates

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Sahney, who was previously global head of consumer and retail investment banking, will remain in Hong Kong and advise on transactions across sectors.


People Digest: Quikr, Zomato appoint new CFOs; Ola COO Vishal Kaul resigns

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Maheshwary will join Zomato in July after his stint as CFO at GE South Asia. 


People Digest: Three transitions at Avendus Capital; KKR appoints APAC realty head

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Global financial services provider Avendus Capital has announced three new transitions in the firm while KKR has appointed a real estate veteran to heads its Asia Pacific real estate business.


People Digest: Orrick appoints new partner; RHB ropes in head for wholesale banking

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Jinsong Zhang has been appointed as partner at global law firm Orrick while Omar Siddiq Amin Noer Rashid is the new head of RHB’s wholesale bank. 


Former UBS China president joins cryptocurrency firm Higgs Block as CEO

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Karen Chen joins other financial-industry veterans in jumping ship to the burgeoning technology.


People Digest: Lightspeed India appoints partner; Ravi Venkatesan may be headed to Amazon

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Mohapatra has also worked with Google as strategic partnerships and business development lead.


Li Ka-shing steps down, bringing nearly 7-decade career to an end

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Li’s career began in 1950 as a plastic-flowers manufacturer, which he then transformed into a global conglomerate.


The CEO who turned around Flipkart’s fortunes

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The outlook for Indian online retailer Flipkart was decidedly gloomy when Kalyan Krishnamurthy became chief executive officer in January 2017. The startup’s valuation was dropping, fundraising was more difficult and Amazon.com Inc. was pledging $5 billion-plus to siphon away customers.


Walmart deal makes billionaires of Flipkart founders, hits Waltons’ fortune

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The deal should give Flipkart’s Sachin and Binny Bansal a fortune of about $1 billion, although that status may be short-lived as the pair may have to pay 20% capital gains tax on any shares they sell in the company.