Four things you need to know about Baidu’s new COO
Chinese search engine giant Baidu has hired Qi Lu in a bid to expand its AI capabilities. He will join having recently worked as Group President and COO for Microsoft.
In a recent article, we discussed the future of innovation at Baidu – a company that now provides so much more than just a search engine functionality. In recent years, the company has grown to provide dozens of apps and is even eyeing connected cars.
Without further ado, here are four things you need to know about
1. Stellar CV
Lu is joining Baidu following a high-level position at global computing giant Microsoft. He also worked at Yahoo! for over a decade.
2. Slack bid
During his time at Microsoft, Lu pioneered the company’s bid for hot communications company Slack, but CEO Satya Nadella and Bill Gates decided not to go for it.
3. Baidu role
Once set up at Baidu, Lu will be responsible for products, technology, sales, marketing and operations. Since his expertise is in Artificial Intelligence, Lu will likely be using this knowledge to enhance the company’s own capabilities in this regard.
Lu has a PhD in computer science from Carnegie Mellon University – an expertise that has enabled him to gain over 40 US patents throughout his career.
SOURCE: [Tech Crunch]
Business Chief Legend: Ho Ching, CEO of Temasek
Ask Singaporeans who Ho Ching is, and the majority will answer the ‘wife of Prime Minister Lee Hsien Loong’. And that’s certainly true. However, she’s also the CEO of Temasek Holdings, Singapore’s sovereign wealth fund, and one of the world’s largest investment companies.
Well, she is until October 1, 2021, as she recently announced she would be retiring following 16 years as CEO of the investment giant.
Since taking the reins in 2004, two years after joining Temasek as Executive Director, Ho has gradually transformed what was an investment firm wholly owned by Singapore’s Government into an active investor worldwide, splashing out on sectors like life sciences and tech, expanding its physical footprint with 11 offices worldwide (from London to Mumbai to San Francisco) and delivering growth of US$120 billion between 2010-2020.
Described by Temasek chairman Lim Boon Heng as having taken “bold steps to open new pathways in finding the character of the organisations”, Ho is credited with building Temasek’s international portfolio, with China recently surpassing Singapore for the first time.
As global a footprint as Ho may have however, she has her feet firmly planted on Singapore soil and is committed to this tiny city-state where she was not only educated (excluding a year at Stanford) but has remained throughout her long and illustrious career – first as an engineer at the Ministry of Defence in 1976, where she met her husband, and most notably as CEO of Singapore Technologies, where she spent a decade, and where she is credited with repositioning and growing the group into the largest listed defence engineering company in Asia.
It’s little wonder Ho has featured on Forbes’ annual World’s Most Powerful Women list for the past 16 years, in 2007 as the third most powerful woman in business outside the US, and in 2020 at #30 worldwide.
But it’s not all business. Ho has a strong track record in Singapore public service, serving as chairman of the Singapore Institute of Standards and Industrial Research and as deputy chairman of the Economic Development Board; and is a committed philanthropist with a focus on learning difficulties and healthcare.
As the pandemic kicked off, she not only led active investments in technology and life sciences, with German COVID-19 vaccine developer BioNTech among the most recent additions to Temasek’s portfolio, but through the Temasek Foundation – the firm’s philanthropic arm which supports vulnerable groups close to Ho’s heart, handed out hand sanitiser and face masks.
So, you would be forgiven for thinking that at age 68, Ho might simply relax. But in March 2021, just as she announced her retirement from Temasek, Ho joined the Board of Directors of Wellcome Leap, a US-based non-profit organisation that’s dedicated to accelerating innovations in global health. Not ready to put her firmly grounded feet up yet it seems.