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Tim Cook And Sundar Pichai Speak At China’s World Internet Conference

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Apple’s CEO Tim Cook along with Google’s CEO Sundar Pichai spoke at the 4th edition of the World Internet Conference held in China. Organized by the Cybersecurity Administration of China, the World Internet Conference is an annual gathering which promotes censored Internet under the premise of “cyber sovereignty.”

The presence of the CEOs of two of the biggest technology companies in the world highlighted the degree to which the Chinese government can exert political leverage over the world’s biggest tech companies. Tim Cook gave a surprise keynote speech at the conference and called for future internet and artificial intelligence (AI) technologies to be infused with privacy, security and humanity. “Much has been said of the potential downsides of AI, but I don’t worry about machines thinking like humans. I worry about people thinking like machines. We all have to work to infuse technology with humanity, with our values,” he added.

This year marks Cooks second appearance in China after his meeting with President Xi Jinping in October this year. Currently, China is Apple’s second largest market in the world after North America. The company has been criticized for bowing to pressure by the Communist Party. Apple even removed hundreds of apps from its Chinese app store that help consumers jump the so called “Great Firewall” including Microsoft’s Skype. 

While the CEO of Google Sundar Pichai did not give a keynote speech, he appeared on a group panel alongside Xiaomi founder Lei Jun. Although a majority of Google’s services are blocked in China, Google helps many Chinese companies take their products outside China. Speaking about how Google helps Chinese economy, Pichai added, “A lot of work Google does is to help Chinese companies. Many small and medium sized businesses in China take advantage of Google to get their products to many other countries outside of China.” The company is also hiring more artificial intelligence talent from within China.

Cisco’s CEO Chuck Robbins, Alibaba’s Chairman Jack Ma and Tencent Holdings’ Pony Ma also took part in the conference along with Cook and Pichai. The event is an opportunity for China’s main internet regulator to seek public affirmation for China’s internet policies.

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Piyush Anchliya Joins Cashfree Payments as CFO Amid Expansion in India’s Fintech Sector

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Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

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Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

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Delhivery’s Acquisition of Ecom Express: A Major Consolidation in Indian Logistics

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Delhivery, one of India’s leading logistics companies, has announced its acquisition of Ecom Express in an all-cash deal valued at ₹1,407 crore. This strategic move marks one of the largest consolidations in the logistics sector and is expected to enhance Delhivery’s scale, profitability, and operational efficiency.

Background

Ecom Express, founded in 2012 and headquartered in Gurugram, has faced significant financial challenges recently. The company canceled its IPO plans in 2024 and laid off hundreds of employees due to operational setbacks, including losing a major client, Meesho, which shifted to its in-house logistics service Valmo. These struggles led to a distressed sale, with private equity investors like Warburg Pincus and Partners Group exiting their stakes entirely.

Strategic Benefits for Delhivery

  1. Enhanced Scale: The acquisition will strengthen Delhivery’s network reach and infrastructure, enabling better service delivery across India.
  2. Operational Synergies: Combining operations with Ecom Express will improve efficiency and reduce costs through economies of scale.
  3. Competitive Edge: With Ecom Express as a subsidiary, Delhivery solidifies its leadership position in the logistics space by offering broader coverage and faster services.

Challenges Addressed

The acquisition mitigates risks from Ecom Express’ financial struggles while addressing past disputes between the two companies over inflated shipment volumes reported by Ecom Express during IPO filings.

Future Outlook

The deal is expected to close within six months after regulatory approval from the Competition Commission of India (CCI). Post-acquisition, Ecom Express will operate as a subsidiary of Delhivery, unlocking new growth opportunities such as advanced logistics technology integration and expanded customer reach.

With ₹5,488 crore in cash reserves as of September 2024, Delhivery is well-positioned to finance this acquisition without compromising financial stability. This move underscores Delhivery’s commitment to innovation and efficiency in India’s rapidly evolving logistics landscape.

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