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Search Results 0 to 49 of about 80 (some duplicates have been removed)
Bloomberg
Apr 24, 2016 6:00pm EDT
from the week in tech. the president of didi chuxing, the leading player in china's ride hailing space and a competitor with uber. we hear how the company plans to keep uber at bay. the third season of "silicon valley" premieres on sunday. we will hear from dick costolo, a consultant for the show, what he has been up to since leaving twitter. as our economy becomes more highly automated, what will the future of work look like? we sit down with alec ross. first, didi chuxing. uber's largest competitor in china. it operates in 400 cities across china with over 14 million drivers. uber has a presence in 150 chinese cities. they announced a new partnership with lyft to take on uber internationally. how do they plan to keep ahead of uber in china? i sat down with jean liu. jean liu: chuxing means travel, commute in chinese. we are serving 800 people to commute. emily: you are often referred to as the uber of china. how do you see yourself? jean liu: we are serving 800 million people with a variety of products, so that gives us a unique business model. about 2 million come from taxis.
Bloomberg
Aug 20, 2016 11:00am EDT
getting back into china in a way. this is an indirect way of getting back into the chinese scene. emily: interesting point. on the back of them selling their china business to their biggest rival in china. david, what about the people like you and me who may not opt into this on the way -- right away who are on the road and did , not choose to be driving next to a self driving uber? >> that is related to the question that has been running through my head. they better hope that nothing goes wrong here. it reminds me, first of all, tesla was claiming they had more data about self driving because they have all these cars on the roads. maybe this is uber's way to jumpstart. look at what happened when tesla had one accident that was probably quite predictable. these overly valued companies, whether public or private, they almost had this pressure to prove they can do these things. that means they are in a very perilous position if they go wrong. i think it is pretty dicey to be doing this so early. from everything i hear, they are not going to get those two people out of the front seat any t
Bloomberg
Jun 5, 2016 9:00am EDT
goes back 20, 30, 40, 50 years. one of the things she points to is china had been on this massive building boom, $21 trillion of capital growth during the last six years invested and that is more than was done in the past 30. there was a massive run-up in china that is starting to taper off. cory: qe says developed markets are developed. >> absolutely. cory: cory: what did she say about india? >> there is still room for growth. they are still growing. we have seen positive growth. now it is the second largest market just behind china, passing the united states. cory: a big part of that is mobile consumption and the notions from this report about what is happening with smart phones and mobile, most of these users will never see a desk top, particularly users that are set to be added. without china the growth rate would be pretty much flat. >> one thing to keep in mind on india is the fact that indians love their cheap phones. if you look at the average smartphone price in india, it is down around $120. it is up around 280 dollars in china so in terms of the revenue value for vendor
Bloomberg
Jul 10, 2016 6:00pm EDT
involving the tesla autopilot. we will discuss. we take a deep dive in tech investing in china. the latest trend and what is next in mna. two chinese tech investors join us were in in-depth conversation. tech and media leaders descended on sun valley this week to attend the allen and company conference. mark zuckerberg and tim cook were two of the big names on the list in this hush, closed-door event, but we managed to get a few of the people on the record. we caught up with jeff bezos when he was there and david garrow. david started asking about tesla. >> i am a tesla owner and i use the autopilot all the time. i use it differently because to me i'm a it is a way to relieve my stress in bumper-to-bumper traffic. i would surmise the chances of me into a truck at high speed are probably small, and even that theory, you better keep your eyes on the road. going forward, personally saddened that the autopilot feature was involved in an accident. the google track record, which has driven a huge number of miles now, speaks for itself. >> take us back to that philosophical debate. you have semi-
Bloomberg
Aug 13, 2016 11:00am EDT
were supposed to develop for us. the fact of the matter for the china market, it is a very different market and for the kind of product they were trying to develop, it was very difficult to gain traction. but by no means was there any kind of dispute. we have a very good relationship with them and we are supporting the entrepreneurs. that is the approach we take when we invest in markets in the u.s.. we want to back entrepreneurs. emily: holly all the cofounder. -- alibaba co-finder. iger.nversation with bob we will dig into disney's new acquisition as they look to offset investors cord cutting concerns. the magic of early-stage investing, we will also hear from two veteran investors on how to spot diamonds in the rough. this is bloomberg. ♪ ♪ emily: walt disney reporting earnings this week, the quarter reflecting tough times for the company's cb business. iger announcing -- david westin caught up with bob iger soon after the earnings release and asked about the new earnings deal. david: i would love to talk about bamtech. i used to work for you and we used to have a di
Bloomberg
Aug 7, 2016 6:00pm EDT
. , hase company, uber immense respect for the market opportunity in china. it will likely be the largest ridesharing market in the world. because of a lack of car ownership historically as a percentage of the population, you might have something similar to leapfrogging lake cell phones versus landmines. it is an interesting market that we were excited to be a part of. something that is a win-win for both companies. corey: what is uber's involvement going to be? a they going to participate in any way or just be an observer? all, a largerst of percentage of employees will now be a part of the team. you will have the best of china didi working together to serve that community better. they will have a closer relationship and in the past. i think that is by direction. corey: they will continue, is it active management? will the existing employees go over and communication happen, but not the active uber management of didi? we are a minority shareholder. they will run didi and we are thrilled to be an investor behind them. all i was insinuating is because the relationship is closer, i
Bloomberg
Aug 13, 2016 6:00am EDT
-- with the largest -- and omni strategy to own the electronics retail race in china. these are examples of acquisitions we have done. we are open to large deals and small deals. the important thing is they stay consistent with our m&a principles. emily: you made an investment in a company. according to reports, at some point alibaba stopped paying. what happened there and how do other companies know you will not do this to them? >> we have actually fully paid our investment into that company . the fact is, by far we are the largest capital provider to that company, over 100 million dollars and we have paid on time and we fully paid up. i think what you have seen was a report regarding a contract where there is some technology that they were supposed to and the fact of the matter for the china market markets a very different and for the kind of product they were trying to develop, it was very difficult to gain traction. by no means was there any kind of dispute. we have a very good relationship with them and we are supporting the entrepreneurs. when we invest in markets in the u
Bloomberg
May 1, 2016 6:00pm EDT
. emily: there was a question about china where they were seeing weakness. take a listen to what he had to say today. tim cook: china is not week as has been talked about. i see china as -- may not have the wind at our backs that we once did but it's a lot more stable than what i think is the common view of it. and so, we remain really optimistic on china. emily: frank, i want to talk about this with you because we have been talking about growth in the services business but in china, they recently said no i-movies. nope, can't play those here. you think that is actually a bigger deal than others have said. frank: one of the mistakes we all make as investors is we focus too much on unit shipments and not enough on installed base. so i think it's interesting to think about one billion iphone users out there and the power that has for apple in terms of an ongoing ecosystem. it's also important to say investors are getting dramatic because they are worried about the stock of apple. but if you think about the company of apple and its importance in the technology ecosystem, today's results don't
Bloomberg
Apr 30, 2016 6:00am EDT
tim cook said over the call. emily: there was a question about china where they were seeing weakness. beenina is not week as has talked about. that may not have the wind at our backs that we once did but it's a lot more stable than what i think is the common view of it. we remain really optimistic on china. we have been talking about growth in the services business but in china, they recently said no i-movies. you think that is a big deal? one of the mistakes we all make as investors is we focus too much on unit shipments and not enough on installed base. it's interesting to think about one billion iphone users out there and the power that has for apple in terms of an ongoing ecosystem. to sayso important investors are getting dramatic because they are worried about the stock of apple. if you think about the company and its importance in the technology ecosystem, disease results don't change that at all. this company is still hugely important for which apps do build, how you reach customers, how you engage customers and the whole mobile eagle system. -- ecosystem. sales up 20% is int
Bloomberg
Jul 31, 2016 6:00pm EDT
officially arrives in china this week with the government formally legalizing this. how they stand to benefit. this is bloomberg. ♪ emily: ride-sharing in china just got greenlit. the chinese government plans to legalize car hailing services in november, benefiting companies like uber and didi. the lock clears a regulatory uncertainty and lays out a new framework which allows them to operate in the country. it was previously a gray area with drivers being detained by police. peter elstrom explains the details from the bloomberg tokyo bureau. so peter, not surprising that these businesses would be operating in a legal gray area, like so many other businesses, but how in particular has this law changed? peter: well this is a significant decision because you have the world's second-largest economy saying in a stroke that ride hailing will be legal within the country. this comes while there are regulatory battles are being waged across the rest of the globe, from europe to the united states. for the chinese government to say that right hailing will be allowed and legal is a significant
Bloomberg
Aug 28, 2016 9:00am EDT
today if they have to pull back on their losses. emily: where are these losses coming from, china, subsidies? >> definitely subsidies, china mostly. they have lost at least $2 billion. they were getting ready to negotiate with didi to get a deal and they had as much market share to say they deserve a bigger stake in the company because they are a bigger stake in the market. emily: these are subsidies to drivers. can they ease off and remain competitive? >> when they are competing with another player, drivers are super price-sensitive. you can see drivers with both apps going back-and-forth so you really have to make sure you are giving drivers the best pay if you want them to work for your service. emily: didi is going to give uber $1 billion for its china business. how much will the losses change or subside once uber is no longer in china essentially? >> it is hard to say. just the first quarter of this year, uber was profitable in the united states and now they are losing a billion dollars. they could lose their profitability very quickly by saying instead of taking 20% of booki
Bloomberg
May 14, 2016 11:00am EDT
exploded. asia, china, india, taiwan, singapore, those have exploded. those are tremendous opportunities. people need to get to those destinations, middle east to europe. emily: you are excited about getting on one? >> i am. i will do it. i travel a lot to the west coast, which is not your initial priority, but we do business in europe and china. getting there would make my family quite happy. >> i fly to dubai quite frequently but it is a 12 hour flight from boston. if i can bring that flight down to six hours i would probably go there once a month. building face-to-face relationships is critical. you need to be there, shake hands, looking someone in the eye, having casual conversations. you cannot do that by e-mail. emily: the problem is that it is so loud you can only do oceanic flights. could you get from new york to san francisco? >> the concorde was very loud. our aircraft is specifically designed because we are taking advantage of computer technology and material sciences and aerodynamic configurations to reduce the sonic boom to a background noise, something like an airplane -- a
Bloomberg
Jul 17, 2016 9:00am EDT
, so we have that. we have an app in china and japan and all of asia. right now, i were biggest markets are u.s. and latin america -- our because markets are in u.s. and th latin america. we are trying to grow more in your. 30 percent of our traffic is in you europe. are talking every day here on business channels about the eu, the u.k. exiting from it, the economic situation at the moment. is there any concerns you have? caroline: i optimistic about people wanting to learn languages. in the u.k., we saw an uptick of people learning languages in the last couple of weeks, so i am optimistic. particularly the u.k., there are so many different countries speaking different languages close to each other. it is different. compared to the united states, in the united states, learning a language is quite a hobby, where people here need it for work. caroline: what about talent? it is an ongoing scarce resource when building technology. have you managed to find the best coders to work for you? luis: it has worked out pretty well. the fact that we are a mission driven company, that helped us quite
Bloomberg
Jun 11, 2016 6:00am EDT
being talked about, a trade war with china would be devastating to both sides. i can't believe that's what he would actually want to do. muslimsiterally say no can come into america, thus not a policy we could go along with. aside even foreign policy, george bush was in favor of free trade. he was in favor of nato. andorked with me on africa he was the largest life-saving program that any developed policy has ever had in africa. we worked together on debt relief for the poorest african nations. i have no idea what a trump presidency would look like. john: trump has never had elected office before. george bush was the governor of texas. is it easier to find common ground with other politicians? big change going on with the center right in the center left. you've got quite a lot in common. probably more in common in a strange way than the center left has with the far left in the center right has with the far right grid that's the way the world is today. it's one of the curiosities. you've ended up in a situation whoe there are those of us solutions to find that are based on value
Bloomberg
Jul 3, 2016 9:00am EDT
, whether you look at germany or china or brazil or tokyo or canada. all of these places have different kinds of data privacy laws and requirements. so it is the expectation of a -- any cloud vendor that to be successful in the future, you will have to work in different regions. our job, where our value proposition comes in, we want to make sure it is as simple as possible for the enterprise. if you are in ge, and you work in 30, 40 countries around the world, just because there are different privacy requirements , different laws around data residency doesn't mean your people should be slow down. doesn't mean they should have a worse or harder experience to get a job done. that is our job. emily: do you think there will be different guidelines? aaron: there will be. our job is to extract all that complexity away from the end user and from the customer. in "usa today," you told usa today you say that you think , hillary's plan hits on every count. talent, atoms, content, encryption, privacy. we recently spoke with mark cuban, who said this -- mark: i think tech illiteracy at th
Bloomberg
May 14, 2016 6:00am EDT
west coast, which is not your initial priority, but we do business in europe and china. getting there would make my family happy. i fly to dubai frequently, but it is a 12 hour flight from boston. if i can bring that down to x hours i would go once a month. building face-to-face relationships is critical. you need to be there, shake hands, looking someone in the eye, having casual conversations. emily: the problem is that it is so loud you can only do oh cnx lights. -- you can only do oceanic flights. was very loud. our aircraft is designed because we are taking advantage of computer technology and material sciences and aerodynamic configurations to reduce the sonic boom to a background noise like an air conditioner. you'll be able to fly overpopulated areas and someone would bailey notice. >> when you think you will come to the u.s.? >> we're going to start with europe and the middle east and asian markets in the early 20 20's. probably 15 plus years. it is federal regulation that .rohibits supersonic flights as u.s. policymakers see supersonic flights succeeding, they will loo
Bloomberg
Jul 23, 2016 6:00am EDT
having this choice. we are looking at china. it will be a while. technology?is the what actually is food tech? as a delivery or the composition of the food itself? emily: a couple years ago -- >> a couple years ago, i was talking about the tremendous innovation, smart pcs, and his said it's good for my iphone, not for my mouth. people want to eat food they are familiar with. not something considered high-tech. andave to balance that bring a science perspective to this end a culinary perspective. heat andplying pressure to realign the proteins found in plants so they mimic the structure of a muscle. food allergies on the rise, one san francisco-based startup believes it has come up with a way to make eating out less stressful for those with sensitivities. a handheld device that can test for gluten levels right at the dinner table. at the lab. day take a listen. food.will test some this is a supposedly gluten-free coffeecake. we will test it to see if it actually is. you take this little sample of portioneecake, ap sized ea sized portion. nima and turn it on. 85% of the food at restau
Bloomberg
Apr 9, 2016 11:00am EDT
, china, so we went to invest in the growth but we are also running the business. emily: that was sam altman with airbnb cto nathan blecharczyk. coming up, how the company could become the next billion-dollar unicorn. later, the tech story is over, according to one of our guests. we will tell you why on "the best of bloomberg west." ♪ emily: could home advisor be the next tech unicorn? it matches consumers with home service personals and seems to be pushing to a billion-dollar valuation. chris, the ceo sat down with erik schatzker and talked about what it takes to push the business over that billion-dollar line. >> i think we would think it is possible in the next three years or five years, but it all depends on what kind of investments we make and what sort of things we do over the next 12 months to 24 months. erik: how big is the market that you have? chris: if you look at the best estimates of the 300 billion market, we look at the terms of value of jobs that are created. right now, we are about $30 billion in project value. that was last year. we figure if we take 10 million ser
Bloomberg
Jul 2, 2016 6:00am EDT
chang. that is it for best of "bloomberg west." you do not want to miss our special look at china. tune in at 6:00 p.m. eastern. this is bloomberg. ♪ carol: welcome to "bloomberg businessweek." i am carol massar. david: i am david gura. carol: under armour's battle to be the sports where king. david: all that ahead on "bloomberg businessweek." ♪ david: i'm with the editor and chief of "bloomberg businessweek ." courtwas a supreme decision that came down on immigration. deadlocked. >> it was deadlocked 4-4.
Bloomberg
Jun 25, 2016 11:00am EDT
enough as they look, for example east to russia , or to china, for example, that their future is tied together. clive: absolutely, and i don't see any dissent from that view on the leaves side on the brexit debate. erik: it's good to see you. thank you for staying with us on this special report. still to come, everyone, you will hear from more people with real money at risk. what the wild market swings warranted. and how much should we make of psychological contagion? we are going to be tackling those issues next. our special coverage continues all weekend long. tune in on sunday at 5:00 in london. ♪ you guy's be good. i'll see you later [ bark ] [ bark ] bye. see ya pal. ever wonder what your pets do when you leave home? [ laughing ] aw you cutie pie. aw. aw. aw. aw. [ barking ] [ washing machine running ] party's on! know what your pets are up to with xfinity home. xfinity. the future of awesome. see the secret life of pets, in theaters july 8th. erik: you are watching a bloomberg special report, i am erik schatzker. it was a brutal campaign that left deep scars around the united
Bloomberg
Jul 2, 2016 11:00am EDT
china. tune in at 6:00 p.m. eastern. 3:00 on the west coast. this is bloomberg. ♪ ♪ shery: coming up on "bloomberg best," the stories that shape the week in business around the world. the political aftershock of the u.k. brexit vote, who is in charge? >> jeremy corbyn was a resounding defeat. david cameron: for heavens sake man, go. shery: global glom, reacting to britain's departure. >> i will make one prediction this morning, the united kingdom will not be the last member state to leave the european union. >> the european union is in mortal danger. shery: initial market turmoil
Bloomberg
Sep 4, 2016 6:00pm EDT
numbers and hong kong's latest test of anti-china sentiment. liveis "daybreak asia" from bloomberg's asian he
Bloomberg
Sep 18, 2016 6:00pm EDT
manhattan dumpster ballmer. >> warning signs, banking stress and china hit a record in the first quarter, underlining the threat of growing corporate debt. >> boj continues its asset and rate policy to avoid a strengthening yen. >> a rush for the release of the note seven, including the faulty batteries. >>
Bloomberg
May 21, 2016 6:00am EDT
international expansion strategy. apple, mosting sales are in china. how well do you think this brand will translate a broad? >> i think it translates really well because we focus on the product. -- what thisket all of this about, innovation, people hear about it and we are a software industry and a electronic company here in the u.s. is to select products we believe people in this market are going to associate with and thanks, these are high and products, things i want at home. that is the angle at which we will come. emily: are you running into any challenges looking at expanding globally, and if so, what are they? >> no challenges in particular, but we want to be focused. we have been in china for six years and in india for almost two years and we are doing very well. we are number three in india. that is even faster than we expected. we are just about at the point that we will be on the next market. the u.s. feels like a market we are investing in because it is a large market and the most important market in the world from an influence perspective. having a strong brand here and s
Bloomberg
Aug 7, 2016 9:00am EDT
interviews from the weak and technology. coming up, will google win big by selling in china? .e will hear from bill gurley plus, more tech mergers may be on the horizon. we talk about the next big deal to drop. making space history. the first private company cleared for a lunar omission. why nasa is backing lunar express. first, uber sold its china operations to didi. they will give uber $1 million after shuai peng stake in the company. on monday we sat down with bill gurley and asked how he felt about the deal. has immenseny respect for the opportunity in china. it will likely be the largest ride market in the world. because of a lack of car ownership historically as percentage of the population, you may have something similar like you hadng with cell phones versus landmines. it is a really, really interesting market and one we were super excited to be a part of. think, isme, i something that is win-win for both companies. i think didi works more -- shares are worth more today because of this deal. involvements uber's going to be in this business? will they participate anywhere or just b
Bloomberg
Apr 16, 2016 11:00am EDT
entrepreneur in china. why the whole media world should be afraid of snapchat. first, my interview with peter thiel. it -- spoke at the lend it usa conference. he spoke out on everything from marissa mayer's performance, to his fear of china, the lack of women in tech, and the bubble that may be everywhere. plus he also told us how he , really feels about college education. peter: the big thing has been to focus on silicon valley, and i keep wondering whether we should try to look at some places outside silicon valley. of course, you have to travel a crazy amount to do that. that is why most of the venture capitalists do not want to do that. there is this question, should we be doing more things in other places, and is there some place with a cost-of-living that gets so prohibitive that it makes sense to look at things outside? or are the network effects so powerful they dominate everything? the last 15 years, the network effects have dominated, so maybe there is a point where it shifts. we are certainly, sectorally -- think two thirds or three quarters will be next-generation i.t.. a lot in
Bloomberg
Aug 6, 2016 11:00am EDT
cory: this is "the best of bloomberg west." big byup, will uber win losing in china? more tech megamergers may be on the horizon. the billionaire on the newer making space history -- entrepreneur making space history. the first private company for a lunar mission. why nasa is launching lunar express versus space x. travis joining uber's board. $1 million for a 20% stake. we sat down with an uber board member bill gurley and asked about what he felt about the deal. >> the company has the market opportunity in china. very likely going to be the largest market in the world. because of a lack of car ownership historically as a population, it is a very interesting market. one that we were super excited to be a part of. but, this outcome is something that is a win-win for both companies. both companies shares are worth more because of this deal. cory: what will uber's involvement be? will it participate in any way or just be in an observer? >> a large percentage will be part of their team. you have the best of us working together to serve the community and the companies will have a c
Bloomberg
Sep 10, 2016 11:00am EDT
cases, but it is. they are bringing the installment plans to china and the u.k. that is significant for those customers in those markets that have seen year-over-year increases. they think it is now time to join the program. this program makes sense. emily: so, the camera is better than ever. we see a lot of people carry their iphones instead of regular cameras. that said, they only have the dual processing camera on the bigger phone. what do you make of that? >> not many vendors are selling them. they are not shipping many of them. it is a big technology problem. although they wanted to bring it to the regular iphone seven, it may not have been logistically possible. if you look at most of the major markets from u.s. and china, the bulk of the market is on the iphone 6 or the iphone 6 s. i think they are still trying to figure out what size they want. the bigger phones are not the largest portion of that sales mix. so the question is, will the camera be the function that moves people up? emily: how big is the water resistance part of this? >> it is a big feature. they are not the f
Bloomberg
Jul 9, 2016 11:00am EDT
dive intake investment in china. what's next in m&a. two all-star tech investors join us for an in-depth conversation. tech media leaders descended on thisalley, attending hushed, closed-door event. managed to get a few of those people on the record. david started by asking him about tesla. take a listen. >> i am a tesla owner. i use the autopilot feature of the time. believes my stress in bumper-to-bumper traffic. by don't take my eyes off the road. chances of may running into a truck at high speed are probably small. direct about it. you have to keep your eyes on the road. i am personally saddened that a lot of autopilot feature was they have been safer than human drivers. >> take us that to a philosophical decision. why did you decide that was about to take? >> we wanted to get to the point where we get rid of all the traffic accidents during to us it felt, having someone in the loop is tricky. you wanted to get to the point where you can push the button at some point and be completely accident free. .e pushed at google a metric got this to be three or 4000 miles. >> when you lo
Bloomberg
Jun 4, 2016 6:00am EDT
the past years. that is much more than doug was fineup in china that's starting to taper off and as a result the numbers overall are coming down. >> except for india. >> that was the one standout. >> what are they saying about this? >> it's the one country that did see some positive uptick usage and the second largest market behind china passing the united states. >> now john a big part of that is mobile consumption and the notions from this report about what's happening with smart user and mobile 234r5rly use hears the are yet the growth rate would be pretty much flat. i'm sorry, without any it would be flalt but again, this is all happening under smartphones. >> one thing you might want to keep in mind is end yavens love their cheep phones so 23u look at the average price of a 1345r9 phone it's around $100 china nd therefore 200 was a much richer market and you were referring to the slow depoun in china and let's put it into context. five-plus years ago in 2007, that was a market growing wil over 100%. this year the ewan 2k3wr0e9 in due to smare was saturation. all eyes have shifted
Bloomberg
Jul 30, 2016 11:00am EDT
developing world. emily: that was esther dyson and -- china formally legalizing the gig economy. how uber and others stand to benefit. this is bloomberg. ♪ emily: ride-sharing in china just got greenlit. the chinese government plans to legalize car hailing services in november, benefiting companies like uber. the lock clears a regulatory uncertainty and lays out a new frameworwhich allows them to operate. peter l. stremme explains the details from the bloomberg tokyo bureau. not surprising that these is is -- that these businesses would be operating in a legal gray area, but how in particular has this law changed? peter: this is a significant decision because you have the world's second-largest economy saying in a stroke that ride hailing will be legal within the country while regulatory battles are being waged across the rest of the globe. for the chinese government to say that right hailing will be allowed and legal is a significant step forward. as you mentioned, the market has a lot of potential for both didi and uber. that's not just because of the size of the market because china is w
Bloomberg
Jun 25, 2016 6:00am EDT
specific countries and make this amazing around the world. emily: where does it it grow? kevin: china is one because we are not available. bit by bit we work on this. one thing recognized early is localize.eed to it is not enough to put your product into a country and say it will grow like the united states. you need to future features that are locally relevant. emily: in china, facebook is blocked as well. you think china views facebook and instagram as one and the same, or is there a chance that instagram could crack the chinese market before facebook? kevin: all of us are in the same boat navigating this. what matters is that we can bring the products that we love, that allows people to connect with their interests, in world no matter where you are. emily: the challenges in working in europe, what has been your experience? kevin: earlier, i expressed how has changed. i did not realize how complex it would get. running a company with 13 people to over 500 million people. taking each country on its own with local laws and regulations. we want to be globally available . we're working har
Bloomberg
Sep 25, 2016 6:00pm EDT
. staying with car tech, china's internet and consumer tech conglomerate lee echo raised money to create the first sports car. they say they got a handful of chinese investors for the project including legend holding. last month another company called wm motors said they raised a billion dollars to prepare to challenge tesla. still ahead, ceo jeff weiner is announcing linkedin learning this week. hoping it brings a boost to the top and bottom lines. and is india oracles next frontier. the ceo shasha katz tells us about her ambitions for that growing market. this is bloomberg. ♪ emily: mark zuckerberg and his wife, dr. priscilla chan, are pledging to spend more than $3 billion over the next decade to work on curing disease. the facebook ceo took the stage at a chan zuckerberg initiative event on wednesday. mark: this is a big goal and we thought this was really aggressive when we got started. we spent the last few years going out and talking to dozens of top scientists and experts who really believe this is possible. emily: surprised guest microsoft cofounder bill gates appeared on stage to
Bloomberg
Sep 24, 2016 6:00am EDT
are aiming themselves to fend off uber. staying with car tech, china's internet conglomerate raised money to create the first sports car. last month another company called wmd motors said -- wm motors raised money to challenge tesla. ceo jeff weiner is announcing linkedin learning this week. in india, oracle's first -- next frontier. the ceo tells us about her ambitions for that growing market. this is bloomberg. ♪ ♪ emily: mark zuckerberg and his wife are pledging to spend more than $3 billion over the next decade to work on curing disease. >> this is a big goal and we thought this was really aggressive would we got started. we spent the last few years going out and talking to dozens of top scientists and experts who believe this is possible. emily: surprised guest microsoft cofounder bill gates appeared on stage to support the program. mark zuckerberg and facilitate and pledge to put 99% of their wealth toward philanthropy. falldin help the big product launch in san francisco this week, the first since microsoft snapped it up for $26.2 billion and they announced it is getting
Bloomberg
Jun 11, 2016 11:00am EDT
growth be more resilient than china's? with the ceo of sun microsystems. that conversation is ahead. it cap hennessy explains how computer science became the most popular major for women during his tenure. stay with us. ♪ emily: technology will replace up to 80% of what doctors do in the future. that is according to a knockoff khosla,under -- vinod cofounder of sun microsystems. we asked him to explain that prediction. blog: i wrote in 2014 a that said, more than 50% of all jobs that exist today will be dislocated in four years, roughly. 40% of 80% of the jobs, i don't know. but we in the past cannot replace human judgment and now we will. progress will be the go champions. that is how it was described in many of the posts i read about it. this infusion -- it could not be done with brute force power. -- thatdifferent about is different about it. it will be really good for society. .t will see great gdp growth we will have income disparity and we will have to address that. if 50% of jobs are replaced by technology, with the same amount of jobs be created? vinod: i think it is unlik
Bloomberg
Oct 2, 2016 6:00pm EDT
, 3:00 p.m. pacific. we will see you then. this is bloomberg. china's official factory gauge remains at its highest in two years amid continued stabilization and reducing prospects over stimulus. >> fears grow at a property bubble. seven leading cities introduce curbs to cool the market. last chance to show that it be profitable without raising more money. >>
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