People Digest: MakeMyTrip hires ex-Pepsi marketing head; Mobikwik exec joins WeCash

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Prakash quit PepsiCo last month, after serving in the company for almost 20 years.

People Digest: CalPERS names Ben Meng as CIO; State Street appoints Apac head

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CalPERS in June committed $300 million to the new Asia-focused fund of global buyout firm TPG Capital Management.


Meituan Dianping founder’s wealth soars to $5.3b after IPO

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Wang Xing, 39, is the latest in a recent rush of newly-minted Chinese billionaires as founders take their startups public. Five tech IPOs have helped at least 16 people ring up a combined $48 billion of net worth at the time of the IPOs.


People Digest: HIG, Capital Group appoints senior executives in Hong Kong

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Global private equity H.I.G. Capital has named Ken Park as Hong Kong-based Principal while US asset manager Capital Group has appointed Henry Chan as senior executive in Hong Kong.


Tencent investment executive quits as China’s gaming industry slows down

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His exit comes at a time when Tencent is reeling from a Chinese crackdown on online gaming


Qatar Investment Authority CEO said to leave $320b sovereign wealth fund

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Under Sheikh Abdullah, the fund moved away from its strategy of investments in trophy assets, instead focusing on diversifying its portfolio in the U.S. and Asia and deploying more resources at home.


People Digest: Walmart senior execs to join Flipkart; Edelweiss head resigns

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Walmart’s M&A head Emily McNeal will join the Flipkart Group as senior vice president and chief financial officer, while Daniel De La Garza will join as vice-president and chief ethics & compliance officer.


JD.com CEO to skip Shanghai tech forum after rape allegation

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Since returning to China, Liu has appeared at small signing events on behalf of the company but is yet to attend a high-profile public event.


People Digest: Korean pension fund, Amundi Malaysia announce new appointments

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National Pension Service (NPS), a public pension fund in South Korea, has announced the appointment of Jae-Wook Lee as the Acting Head of domestic alternative investments.


Alibaba’s new boss Daniel Zhang is finance veteran behind the push into new retail

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Zhang’s endeavour to transform old-school shopping using data analysis to manage inventory and shipping has driven more than $8 billion of deals in endeavourseveral years.