May 20, 2020

‘Tech for Good’ integral to Tencent mission as it partners with 25 multinationals

Innovation
Tencent
CSR
Tech for Good
2 min
‘Tech for Good’ integral to Tencent mission as it partners with 25 multinationals

Tencent has introduced ‘Tech for Good’ as a key part of its company-wide vision and mission, joining with 25 multinational firms to open the Global Centre for Brand Innovation and Creativity next year.

"Rather than the techno-optimism of the past, people are becoming increasingly cautious of technology. We should make careful choices instead of being blindly optimistic. At Tencent, our choice is 'Tech for Good'," said SY Lau, Senior Executive Vice President and Chairman of Group Marketing and Global Branding, according to Tencent’s press release. 

"A company should be the trustee of brand by transforming from serving business to serving humanity so as to achieve sustainable growing brand value."

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Lau’s statement, and the announcement in full, took place at the annual Cannes Lions International Festival of Creativity.

According to the press release, Lau continued that the digital world’s user-centric innovation will be key to global sustainable development for communities, society, and the environment.

"Companies are not just guardians of the brand, but trustees and should evolve from focusing on B2B or B2C to building 'B4H', namely Brands for Humans," added Lau. 

"They should review and redefine brand value from a long-term social development and humanity perspective and switch from serving business interests to serving humanity."

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Jun 7, 2021

Business Chief Legend: Ho Ching, CEO of Temasek

hoching
legend
singapore
Temasek
3 min
Singaporean Ho Ching created the largest listed defence engineering company in Asia, before leading Singapore’s sovereign wealth fund to global success

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.

 

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