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Bloomberg
Apr 10, 2015 6:00pm EDT
quote total comp to $31 million last year making him the highest-paid u.s. bank ceo. china is using a new tool to disrupt access to foreign websites. researchers at the university of toronto say the deployment of a new system represents a significant escalation of the chinese government's great firewall of china. the report says the system, this one is nicknamed the great
Bloomberg
Jan 7, 2016 6:00pm EST
the s&p 500 cap's its worst ever start to the year as the turmoil in china sends around the world. 29 minutes of chaos, even by shanghai market standards. thursday was exceptional. bill gross expects more of the same today. and stock circuit breakers, the man who invented the system says beijing got it wrong. welcome to "first up ." i am angie lau. let's check on the markets in asia. to australia we go. it starts here, 1% down, the aussie dollar at $.70. new zealand trading for about two hours now and here's the play. it is close to about 1.5% down. the new zealand dollar continues to weaken, $.66. looking at japan and korea, let's get to japan, the nikkei 225. another day of losses extending it past the 2% mark, below 18,000. check out futures in chicago, pointing to yet another lower open. the dollar-yen right now is strengthening. it's about safety plays. 2015 is turning into quite a year. it's only a few days old though. of you watching from the u.s., just a few hours ago the global selloff showing no signs of letting up. indeed, the s&p 500 capped its worst ever start to the
Bloomberg
Jan 23, 2014 11:00pm EST
china's own censorship machine? and the pace of the tech sector expansion. we will hear about lenovo's plan to buy the server for $2.3 billion. but regulators question the just-announced a deal. not off-line during its outage, alibaba cost billions. will this scare off investors? hundreds of millions of chinese consumers and businesses themselves without much access to the web. this lasted at least 45 minutes but took as many as eight hours to refresh service. .orgs and .nets were out of business, alibaba and baidu were unavailable. this was linked to an obscure company in wyoming. who is responsible for this? the chinese government blames this on a hack attack. but others say the chinese government caused this outage itself trying to block content. on skype from germany is our bloomberg correspondent who covers cyber security. this obscure web address in wyoming, this is a very fringe aspect of this, the traffic that all of these consumers and businesses were trying to do ended up going to wyoming. >> it was going to an anti-censorship server. what the chinese government was doing, th
Bloomberg
Jun 5, 2014 6:00pm EDT
>> the chinese smartphone maker has eight ambitions. already more popular in china than apple and with a staggering $10 billion. now china's number three smartphone maker is going global , launching into new countries this year. will it become apple's biggest threat in china? thisveal its secrets in bloomberg west special. welcome to this special edition of "bloomberg west." it's one of the fastest-growing tech markets in the world. we are talking about a company that is only four years old and already sells more smart homes in china than apple. we will take an in-depth look at its meteor it rise, its charismatic leader and his ambitious global plans. let's start by bringing in cory johnson and brad stone who will be with us for the hour. interviewed the company executives. takes an businessweek in-depth look at technology companies outside of silicon valley. you spent 10 days there, that is a long time. this company is called the apple of china. is it really? >> in a lot of ways, it is. it is a relatively new company that has built a brand that consumers love. the remarkable thin
Bloomberg
Sep 23, 2015 11:30pm EDT
badly does it need china. officially hitting 400 million monthly active users, what is next for instagram? you will not want to miss my interview with sam altman. i caught up with him today. that is ahead on "bloomberg west." first, to the lead, the guest of honor on the coast, the chinese president. he made the rounds among the business elite in seattle. there are serious tensions between the united states and china on the economy and cyber security. there was a major winner, boeing. joining us now, what can you tell us? >> good to speak with you. right now, i am at the plane manufacturer north of seattle. it is interesting, looking behind me, every single 747 comes out right through those hangars. as for the deal between the united states and china and with boeing, that have greenlighted the purchase of 300 planes from boeing that will go over to china and the total for all of them is $38 billion. beijing has also greenlighted a finishing center and it is the first time that they will have a center in the country. airbus has one. this is a big coup for boeing. emily: cyber sec
Bloomberg
Sep 14, 2015 11:30pm EDT
♪ emily: investors grow even more cautious about china's economy, but could its growing internet industry give beijing a much-needed boost? ♪ emily: i'm emily chang, and this is "bloomberg west." alibaba fights back against the critical article. plus, want to build a self-driving car? tom-tom says no problem. and salesforce prepares to take san francisco with dreamforce. all of that ahead on "bloomberg west." china stocks slumping the most in three weeks. new economic data added to concerns about the slowdown. industrial output rose in august but fell short of estimates. investments increased at the slowest pace since the year 2000. all of this ahead of the chinese president xi jinping's first state visit to the united states, and the summit in seattle organized by the chinese government. joining me to talk about all of this is carmen chang and matthew prince. he just announced a joint venture with bart baidu. i want to start with you. this is really interesting. you have announced this big partnership with baidu and you guys don't even operate in china. on the other hand, you
Bloomberg
Aug 19, 2015 8:30pm EDT
china with the help of two chinese the sea vs firms. plus kik joins the unicorn club. why he thinks he can play with facebook and snapchat in the big leagues. ♪ emily: now to a story we are watching -- the president of soft tank is making a big wager . they will purchase $483 million worth of company shares what he calls a personal but. when the transaction is complete, he will be the second against shareholder after the founder. now to airbnb. the startup is joining a list of us-based companies expanding china. including uber and linked in. in a statement, they said in just the last year, how down travel from chinese guests has grown 700%, making it our fastest-growing outbound market. airbnb partnered up with two chinese venture capital firms. china broadband capital and another the first order of one. business is to hire a ceo for airbnb and china. ,oining me now to discuss working with airbnb on the strategy. what makes you think airbnb can succeed where so many u.s. tech companies have failed? guest: in china, you are seeing with the success of the iphone, a growing block of chi
Bloomberg
Aug 16, 2016 6:00pm EDT
survival in china. the apple chief ballast to invest even more in one of its most challenging markets. google fires a shot at apple, facebook in the mobile messaging wars. is it too late to catch up to some of the most popular apps in the world? d pulls back the curtains on his ambitions and autonomous driving saying is developing a fully autonomous vehicle for right hailing services in 2021. it would have no steering wheel. one of the last major automakers joining the push to automated driving. we are party scene types between tm and that, toyota and uber. now for disappearing up with bidu, both investing $75 million into a start up making the technology that helps cars understand their environment. it is doubling down its headcount at the palo alto research facility. but ford has not struck a partnership with one of the big ft forps like uber or ly apple or google. i cut up with mark fields and began by asking what he considers partnering with a major tech player mark: as we look at the technology and the roadmaps, there are things that others do better than we do. we are open to pa
Bloomberg
Aug 8, 2016 6:00pm EDT
. emily: china has been a difficult place to crack. india is very different, the language is different. does that make this a completely different story? >> look, i was actually at amazon when amazon acquired and saw a bunch of those in action. let me remind you that india is much different from china in a lot of perspectives. the output of that, you say the facebook off india is actually facebook. the google of india is google and amazon of india is also becoming amazon. it's not flip card. right now, although there has been a tug of war, amazon right now is clearly winning. the key to that has been definitely the long term investment that they have made in india and the customization that amazon has been able to do in the indian market. they launched a marketing rogram that says we indians. imagine amazon launches we indians love shopping and love low prices. they have taken what they call chai cards in the streets and educated the indian mass about the e-commerce markets. emily: we'll be following that sale over the next couple of ays. david, you are sticking with me. stil
Bloomberg
Dec 5, 2013 12:00am EST
amazon might use robots and the former head of android is part of it. in china the government has cleared the way for the largest cell carrier to offer four g services, and that could mean hundreds of millions of new customers. how do you put together the management team? we asked the guy who has done it. maynard webb is here for "office hours." first, to the lead. google is known for its far- reaching projects like google glass and the self driving car. now the latest moonshot involves robots. the company has required seven robotic companies in japan. ceo larry page writes, i am excited about andy rubin's next project. android started as a crazy idea. it ended up putting a in hundreds of thousands of pockets. it is still early. can't wait to see the progress. what might google be doing with these robots, and how might it compare with the delivery drone amazon is testing? first, what could google possibly be working on? >> i wouldn't say first. this is characteristic of how google operates. this has always been characteristic of how google operates. this is very similar. his passi
Bloomberg
Jun 20, 2016 6:00pm EDT
initiatives full-time, this voting structure is kaput. emily: there was a question about china. let's take a listen to what she had to say. we are having trouble with the soundbite. she said the mission was to connect everyone in the chinese market and to see what happens. is the facebook status in china going to change? >> i don't think so. i think it is unlikely. values there are core that the current government of china will not support and it is hard to operate in a world that by theated ib government. they may try to have changes and be advocates for change. we are not holding our breath for anything take in china -- anything big in china. thank you so much. apple is closer to opening doors in india. they are still reeling from a setback in china. bezos blasts beyond. details of the weekend launch. ♪ emily: this is bloomberg west. tim cook is holding a fundraiser next week for paul ryan. this is according to republican aides. some will go to the congressional committee to benefit other candidates. boostok looks to establishment republican. he will not sponsor the convention nex
Bloomberg
Apr 14, 2016 6:00pm EDT
philippines after ships began conducting joint patrols in the south china sea last month. over and claim sovereignty all of the south china sea islands and adjacent waters. republican party officials are warned not to change the rules to allow someone other than donald trump or senator cruz to win the nomination. told c-span that primary results show republican voters want and antiestablishment candidate. a debate between hillary clinton and bernie sanders days before the new york primary. mrs. clinton trying to snap a seven date losing streak. -- seven state losing streak. bernie sanders needs to make up ground for delegates. global news, 24-hours a day, powered by our 2400 journalists, in 150 news bureaus around the world. "bloomberg west" is next. ♪ emily: this is "bloomberg west." forng up, the stage is set another high-profile showdown between the tech industry and the government. microsoft is in the spotlight, a law that stops the company from telling customers when the government wants to access their data. elondo you spot the next musk? an entrepreneur capable of starting sever
Bloomberg
Dec 23, 2013 1:00pm EST
, china mobile. how big of a deal is this? to order thet day to arrive on time. forpers have been looking this holiday season. we will go inside ups. the retail stores, we will visit the target store to see just how this works with interest. applesix years of talks, has finally struck a deal to sell the iphone through china mobile, the world largest wireless kate -- carrier. they will sell it starting next month. it gives apple access to the subscribers cared it could be a big boost for apple market share and may also help china mobile again some new high-end subscribers. shares trading higher today. it is good to see you. been talkinghave about the possibility for a long time. even for the last few months it seemed imminent. why now? >> six years in the making. there has been a lot about and forth. there have been a few big things that have stood in the way. one is a technical thing. the network has not been compatible with the way that the iphone is built. on the other side of that, they came down to money and what the terms would look like. while we do not know the actual financials ar
Bloomberg
Dec 22, 2014 1:00pm EST
behind the attack. obama called it an attack of cyber vandalism. get more complicated once a china is involved. joining us from new york is gordon chang, you have written a lot about this relationship between the u.s. and china and the u.s. and china and north korea. what do we think likely happened? inthese attacks originated china. sources have been telling media organizations the tax did not originate in north korea. if they started in china, that would be consistent about what we know. we don't have enough evidence to say 100%. what we do know is these attacks were routed through chinese ip addresses and that means china had to know what was going on because china has a great firewall, the most sophisticated set of internet controls. they know everything that goes out and comes back and we know of the sony attacks, the north koreans took at least 100 terabytes of documents. clearly the chinese knew what was going on inside the borders. it is amazing the infrastructure north korea has put together. , from a former hacker, who worked in china, said that the facilities north korea ha
Bloomberg
Aug 18, 2015 11:30pm EDT
things taylor swift. emily: tech investors get worried about china. could the falling yuan. be the tip of the iceberg? ♪ i'm emily chang. this is bloomberg west. comcast and nbc reach for a younger audience with buzz feed. social media is ripping up the election playbook. all of that ahead on bloomberg west. first of our top story. turmoil returns to chinese markets. top investors are dumping stocks. 6% wiped off the index. the tech heavy index faring worse. 7% down, adding drama to what has been a rocky summer. how worried should tech investors be? how will global tech be impacted? i am joined by u.s. economist karl, we had been talking about chinese tech companies. what about global technologies that have exposure in china? guest: the question is how far is the currency going to be moving? you need to evaluate whether it is their cost basis or predominant sales market. producers who are domiciled in mainland china are going to be much more competitive. that could be good news for them. that is a key reason why china is allowing the currency to fall to stimulate the export sector. b
Bloomberg
Oct 23, 2015 4:30pm EDT
and this is on the back of china's interest rate cut at 7:00 a.m. this morning. alix: you had the easy become in and estimate really backing the idea of more stimulus. what is significant about today's of the s&p closed above its 200 day moving average. in the last year and has closed above that level three times and has rallied 1.4% since then. let's have it procure was about the fall of 2013. forad a sustained rally nine months. we have the central banks fueled rally the last few days. next week we have a third and the doj. cannot continue? alix: we have earnings from all the major tech names, positive earnings. the waye leading higher. but it is not all roses and sunshine. i wanted to give you dive into my bloomberg terminal. chart for me it is an amazing job. they were able to turn the s&p 500 earnings growth, which is now negative, you can see that on the right-hand side of my screen. the s&p is still rallying higher. the s&p winds of folding when earnings growth is negative. but we have not seen that. it is fueled by vivax, dividends, but what happens when they fall off, inv
Bloomberg
Mar 17, 2014 11:00pm EDT
twitter of china has filed to go public where alibaba said it is going to start the process in the united states. apple makes a big bet on college sports. a check of your top tech headlines. what did apple cofounder think of an apple tv set? according to a new book, steve jobs was not a big supporter. he said, tv is a terrible business. they do not turn over and the margins suck, according to an apple reporter. a los angeles man said to have invented bitcoin has hired a lawyer to clear his name. dorian nakamoto said he did not create, invent, or work on bitcoin. the 64-year-old engineer said that the story has hurt his family and chances of getting a job and he hasn't had steady employment in a decade. russia's richest man has sold shares in apple and facebook and is looking at chinese companies. chinese companies now account for 70%-80% of his foreign investments. they include alibaba and others. to our lead story. alibaba starting the ipo process and saying it will file into the united states. there've not filed yet. >> much discussion of them filing. we know the rumblings have b
Bloomberg
Mar 7, 2016 11:00pm EST
angie co. it is noon in hong kong -- data frome latest china shows that exports slumped in february, with shipments plunging 25% in dollar terms from a year earlier. it extended the stricken declines for 16 months, falling 14%. trade surplus has $32.6 billion. show contraction was less than expected in china due to a drop in consumer spending. figures also show that growth begin itsthe boj negative for a program designed to increase lending. another goldman sachs banker is caught up in the investigation into malaysian investment funds. sources say was subpoenaed by the justice department anin late february. he left early this year. headlines, powered by 2400 journalists in 150 bureaus around the world. let's take a look at the markets. hong kong and china are closed for lunch, but here's how they were trading in the morning session -- all in the red after export figures disappointed out of china. this is singapore, tokyo, and mumbai, down. the nikkei down 1.4%. time for bloomberg west. emily: i'm emily chang and this is "bloomberg west." a favorite new target eager to rein in skyhig
Bloomberg
May 11, 2015 8:30pm EDT
>> china's slowdown is hitting the tech industry. i'm emily chang. welcome to "bloomberg west" in our new time slot. nasdaq takes a leap into bitcoin technology. airbnb's ceo tells us about the company's fastest-growing market. and a cofounder is here, some may say he may save twitter. first to our top story. the tech industry is feeling the impact of a slowing chinese economy. it is down in the country for the first time. shipments l 4% from a year ago because the world's largest smartphone market is out of first-time buyers. it is working out well for apple. in the first quarter, apple had the biggest cheer of china's market followed by xiaomi. what does this mean for the world of tech giants? joining us is brad stowe of bloomberg businessweek and ceo of -- bob, i will start with you. bob: it is entering a new phase. what we have seen over the last couple years is this in norman's adoption of these smartphones, the tablets. in china in particular everybody is crazy about them. those are the primary computing device of a of people in china. the reason why apple has done so well i
Bloomberg
Dec 28, 2015 6:00pm EST
investor offers advice for tech companies that want to be big in china. cory: beijing is defending the controversial law. let's go to angie lau in hong kong. angie: this is the first of its kind in china. this new terrorism law in china which was effectively passed on sunday and becomes effective on january 1 allows this country andthe first time authorizes the people's liberation army to take part in counterterror operations abroad. terrorism is now a national security priority. isna for the first time attacking itself abroad. outside of its borders. for the first time really allowing the pla to engage in counterterrorism operations outside its borders. got the obligation of tech companies operating within the confines of china. to pass over some encryption keys if requested. we got the national people's congress standing committee. led by china's top legislator. have defined what anti-terrorism means in china. these tech companies had better listen. cory: does this mean that these chinese government officials, any e-mails that they send, they will be able to see new my personal e-mai
Bloomberg
Nov 11, 2015 11:00pm EST
years. hong kong and china are at lunch, but the shanghai composite is heading for its biggest loss since the start of the month. this is the picture in singapore , tokyo, and sydney. stocks in japan and australia are a bright spot, but singapore down .7%. i will be back in half an hour. time now for bloomberg west. ♪ cory: i am cory johnson, and you are watching "bloomberg west." coming up, emily sits down with jack ma to talk competing with amazon. is bigger really better? sam grobart reviews the new ipad pro and whether it will be a good fit for business. with rising costs and shrieking tax credits, is the sun ready to set on solar city? first, single day has become the largest online shopping day in the world. no one knows that better than jack ma. the e-commerce giant posted record-breaking sales of $14 billion today, 54% higher than last year. toly chang sat down with ma discuss the significance of single day. >> this is a unique day. all thethat we want manufacturers and shop owners to be thankful. we want consumers to have a wonderful day. , maybe not a big difference. for
Bloomberg
Aug 22, 2016 6:00pm EDT
their money. and china's big plans for the advertising aid. latest to bes the snapped up by chinese investors. the ceo joins us later this hour. first, to the lead. tech stocks exerting more control over u.s. markets than in any other time since the internet bubble. the largest tech stocks, we're talking microsoft, alphabet, this split, amazon, seeing massive multiyear rallies. that is closest to its widest ever. we have more. break it down with me. exit is getting to be about 21%. when you look at the magnitude in terms of how much the percentage changes, it is relative to the rest of the market. it is picking up a bigger slice so you are looking at 21%. you can see that in the white line with the infotech. obviously the biggest one right now. compare that to something like financials, it has been flat for that group throughout this recovery. the tech stocks have led the way. it has been a bit of a turnaround in the earnings reports, where tech has been leading so you are looking at 20%, 14 or 15 for the financials. those are typically the biggest groups. you can see how this compa
Bloomberg
May 15, 2015 4:30pm EDT
ma. we look at the company will the plan to expand in china. plus, google's self driving cars are about to hit the streets. and one of the highest profile vc firms run by women is getting ready to raise its funds. first to our top story -- carl icahn making waves in a silicon valley again, investing in uber's archrival, lyft. the billionaire investor added $100 million, and one of the investor's employees will do join the board. uber is valued at a little over $2.5 billion. then there is the reach, 250 cities worldwide. for more on what this investment means come i want to bring in leslie picker, eric newcomer is here as well as our editor at large, cory johnson. corey graham i want to start with you because this is a different kind of investment for carl icahn. why is carl icahn first of all investing in a private tech company, and why lyft over her? cory: let's think of all the reasons, one, he is wanted to make money. carl icahn has been a moneymaker but a company builder not by any stretch of the imagination. he likes to look at what he thinks can be better that he can make mo
Bloomberg
Jun 7, 2016 11:00pm EDT
of china which was expected an hour ago. bloomberg is expecting a 4% decline. nothing really to watch. waiting for the customs administration. an hour ago, we were expecting the numbers. i am speculating a little bit here, but tomorrow and friday are holidays in china. this is not as absurd as the " but "waiting for godot, it is not uncommon for them to delay these numbers. expecting a 4% decline, the second month in a row of declines, year-over-year, after the march aberration, where exports suddenly leapt up. february was the lunar holiday -- the lunar new year holiday when many factories were closed. get intoe starting to a more normalized trend. 4% down in u.s. dollar terms, expected. we have to look at it in yuan terms as well. expecting a third month in a row of increases. that is also moderated a bit. 1.5% was the consensus estimate by economists surveyed by bloomberg. let's see where imports are expected. in dollar terms, imports likely fell for a 19th executive month. moderating a bit. 6.8% decline is the estimate by economists surveyed by bloomberg. the net import of oil per
Bloomberg
Sep 18, 2014 11:00pm EDT
oracle bought. ali baba group conquered china and is now sitting on the largest ipo in u.s. history. we look at its global ambitions as we wait for the company to start trading tomorrow morning. ♪ >> i am emily chang, and this is "bloomberg west." alibaba is pricing its ipo at $68. that means there raising $28.8 billion, making it the largest ipo in u.s. history, and it could hit a global record if additional shares are sold. it as a market value of nearly $168 billion, bigger than amazon. joining us now, reporter leslie, who has been following the story every day. in san francisco, cory johnson. and stanford's charles lee joins us via skype. what you think of the price? >> it is close to what we expected. it is reasonably valued compared to some of the things that are trading there, like facebook. i think you would have a hard time seeing a hard time seeing his stay at that point after the market opens. >> this is what we expected, it could've been more, but it is a lucky number. >> eight is the lucky part of the number. now we are looking at $9.18. >> a lot of eights in there. >
Bloomberg
Aug 2, 2016 11:00pm EDT
manufacturer, you are past peak. just in the not united states, but europe and china. emily: samsung is out with a phone that unlocks based on scanning your eye. is it possible that we could we see more innovation? roger: i expect tons of innovation. what i don't expect is there's -- there is nothing obvious they can do that causes the install base to upgrade at once. you need a big bulge to cause a major product cycle. for apple and samsung, they will be value stocks. i think apple is interesting because the pe multiples are so far below the s&p 500, yet the cash flow is exceptionally favorable. the dividends are very high. things, youthose can safely own apple and not worry about the product cycle. every once in a while, everything does lineup, you have a good period and the stock is up. apple iphone sales are struggling, it is still one third of their business. what do you think of the apple watch, or the next big thing? guests: i do not think apple's problem is innovation, they have the most successful product in the history of technology by a mile and it's almost impossible to i
Bloomberg
Dec 22, 2013 7:00am EST
necessarily interested. >> those were the code.org co- founders. china mobile's aging website are taking orders for a 3g smart phone that looks like the iphone 5s. china mobile says it has no deal officially with apple just yet. , we dig into what is taking so long next. ♪ >> welcome back, i'm emily chang. it turns out apple and china mobile, the largest mobile carrier the world do not have a deal to announce. no deal has been reached and the china mobile chairman said thatno deal has been reached and the talks are ongoing to add the iphone to china mobile's network. this comes after earlier reports that a deal was done in the china mobile would make an announcement this week. a deal with china mobile which has over 700 million customers could mean billions in added revenue to apple. i spoke more about this with the vice president and managing director of north america for a mobile technology company that works with advertisers and more than 100 60 countries around the world. i started by asking why is this taking so long? >> certainly, there has been a technology factor which is that
Bloomberg
Jan 15, 2016 6:00pm EST
gold in china and india. the taxman comes calling for apple. a brutal into the week for tech investors as stocks plunged to levels not seen in more than a year. 2.5%.sdaq falling over the average is in a correction. intel down 9%, twitter hitting another all-time low, down over 5%. joining me now is our guest host for the hour. a portfolio manager with endurance capital partners in new york. randy, i want to start with you. selloff.oad market we are looking at things happening in china as well as what is happening with oil, boiling fall -- will falling about 5.5%. i want to show you what is happening as far as the s&p 10 sectors. technology was the biggest laggard. energy was down by 2.8. financials are down by 2.4%. amazon -- out of the 69 securities in the s&p tech sector, 66 were in the red. emily: david, when you sat down today, are we rolling our sleeves up? david: it was not obvious. intel,when we talk about it did not seem that bad. different 16a very that it is 15. last year's winners are this scares losers. emily: i think we are having problems with your microphone.
Bloomberg
Aug 9, 2016 6:00pm EDT
flawlessly. the reaction to it in china has been great. interestingly enough, visitation is come from all over china and is taking great advantage of shanghai as a tourist destination, particularly in the summer. intent to visit is very high and awareness is extremely high. people are staying two hours longer purpose of than we expected which suggests the bar enjoying the product a lot. we had estimates, but we really were just guessing about how it would do because it is a brand-new product in a brand-new market but we are extremely pleased with what we have seen so far, well over one million people have visited the park since it opened on june 16 and the prospect of the business loves very strong, so much so that we have already broken ground with expansion. we feel great about it. >> bob, last question. give us some advice. we talk a lot about china and doing business with china in western companies, particularly u.s. companies in china. as you say, you spent 17 years and have had a lot of success learning to work with and really work with the most senior leadership with china. other c
Bloomberg
May 13, 2016 6:00pm EDT
rival in china and it's a big deal for several reasons. this is one of apple's biggest deals ever, second only to its acquisition of beats in 2014. it also came in just teed of president of the company met tim cook only about a month ago. and it could be a public show of goodwill to the chinese government. we will discuss what edge this didi in its battle with uber. brian white defended his buy rating on apple on "surveillance" this morning. guest: it allows apple pay to spread through china. it builds up goodwill with the chinese government and it's an interesting area and there's a on of discussion of apple this course. brad: joining us, an early investor in didi and bloomberg reporter alex webb, who covers apple. this is an unusual deal for apple. what did they do it? in china, apple has lagged behind the public support and building that the chinese government expects that companies from outside coming in should be a part of. achieving this is a positive for apple. it's very, very visionary. are: some people interpreting this as a show of goodwill. why does apple need to show g
Bloomberg
Sep 5, 2014 1:00pm EDT
is taking on uber in china with a similar business. it's a disturbingly similar website. it is called quity and has 100 million users against more than 300 million users each day for rise. we will see which company will alternately within china. what happens when you are a brand does when you're brand-new-does not work correctly? we'll see how apple trains engineers and employees to diagnose problems before they can become punchlines for late-night comedians. chinese alibaba group will file the terms of its filing later today. it could be the largest in u.s. history if they can sell stock. the filing could include details on pricing is required before alibaba can start the investor meetings. it lands a two-week roadshow on monday in new york. they will have stops in other u.s. cities and in asia. this has been delayed as the sec was seeking more information from the chinese e-commerce giant. david chow is with me. what is the experience of alibaba for users in hong kong and china? >> most people in hong kong know-how to use the site. they are active participants in this marketp
Bloomberg
Nov 16, 2015 11:00pm EST
iingles. about hisold us company strategy in china. we will stay focused on infrastructure, because we know there is in an important need for that in china. the asian infrastructure investment, these initiatives are important to china, important to chinese companies, and frankly, they will be important to companies like ge as we work with chinese partners to make this a reality in 50 or 60 countries around the world, which are touched by the one belt, one road initiative. yvonne: mark mcallister is the asian pacific anmd of harley davidson. >> china has been a good growth market. exactly, two wheelers. about theind customers as they will find a way. we've seen significant growth in china for the past five years. we continue to expand a dealer points across the country to get our product accessible to more customers. eehe ceo of jollib outsells mcdonald's, and says there is a plan to grow in asia and beyond. >> we're looking at u.k., malaysia, italy, canada. david: you serve spaghetti. >> we do. brunei,.s., vietnam, hong kong, singapore. yvonne: that was the word from apec. we'll have m
Bloomberg
Aug 8, 2014 6:00pm EDT
to the chinese government -- is china a threat to the chinese government? people familiar with the matter say that apple failed to give papers. iselle is passing near mao we. -- maui. that was the first tropical storm to hit hawaii in 22 years. their reports of downed power lines. lio is expected to pass north of the islands. we will see a robot that goes into the water. first, the u.s. has launched additional rounds of airstrikes on extremist conditions in northern iraq. two additional strikes were anducted on a position at convoy of extremist vehicles. we'll have more on the technology including 500 pound laser bombs coming up. the fight to ensure cyber security. breach after breach from targeted attacks that hit 100 million customers to the revelation that russian hackers stole one .2 billion user names and passwords. the lens concern is that even airplanes can be -- the latest concern is that even airplanes can be hacked. one hacker showed how easy it is to do just that. i spoke to our editor at large, cory johnson, and a ceo who has been at black hat all week and is gearing up
Bloomberg
Dec 3, 2015 6:00pm EST
billion today. uber has been expanding aggressively to expand throughout asia, particularly in china where it plans to spend $1 billion. as part of the current funding round, uber has closed investments with tighter -- tiger global and t rowe price. joining us is a finance professor at the university of florida and with me in the studio, eric newcomer, who broke the news for us. let's start with the valuation and break it down. $62.5 billion? >> it's huge. it puts uber before gm. it's a private tech company but bigger than twitter or salesforce. your story had some interesting numbers about how well uber is doing, how profitable they are in various cities. >> their profitable in more than 80 cities. ofy have a revenue run rate $10 billion. 0x increase. 250% trips growth. it is still growing massively. emily: you have a bullish and bearish argument for uber. , they still have regulatory issues in specific cities and countries. the taxing lobby is fighting them, sometimes successfully. there are issues in terms of drivers, contact work -- are they contract workers or employees? fringe
Bloomberg
Jul 20, 2015 11:30pm EDT
to run into in places like brazil and china? kamran: everyone looks at the opportunity in the tens and millions of users. payments are hard in those countries. in brazil, 50% of people don't even have credit cards. if you look at one of our customers on facebook, you print out an invoice and take it into a convenience store or bank branch, you pay cash, and that's how you're paying for advertising on facebook. i think it is great they can go after india and china, but it's not going to be easy. emily: it was interesting he suggested partnering with facebook. the guys who are running facebook messenger -- what do you make of the suggestion they could potentially partner with facebook rather than compete? kamran: payments is hard. facebook's core business is advertising and/or games. they are looking to partner with players. things keep evolving and moving quickly. it is definitely an interesting space to watch. emily: you said paypal could be a $100 billion standalone company. what will it take to get there? do you still own shares? david: i do still own shares. i think that paypal
Bloomberg
Sep 5, 2014 6:00pm EDT
18, or at least so they hope. lee is the accounting professor and former google china executive. also is our bloomberg ipo reporter on the phone. of something we know from this business from these filings. >> i was just talking about this. you rarely see a company that has been around so long and has an established history, is enormously profitable, and is enormously big. it is really just remarkable. just shows the engine of the home economy. >> what is your big take away? dropped -- isng this really good business? can they crank out sustainable profits? >> this is the real deal. isn though it is enormous it going quickly. it is operating cash flows. sitting over 5 billion annual cash flow per isr at current valuation it not crazy. >> let me ask you, i know you have been talking about this deal. is this the placeholder valuation they can say is raising during the roadshow so there's a lot of investor excitement about the deal? asthis is something that, you mentioned, started off relatively conservatively. a if they sense a strong amount of demand from the investors it is something th
Bloomberg
Jun 15, 2015 11:30pm EDT
china's super sizing its valuation. will it to deter the ceo's grand chinese land? ibm is putting hundreds of millions of dollars in data technology. we will hear about their new center in san francisco. and e3 goes wild for "fallout 4." one of the brains behind it joins us on "bloomberg west." alibaba is turning up the heat on netflix, amazon prime and hbo go, entering the video streaming market. jack ma is building his own version in china and it will have its own original content and programs bought overseas. alibaba has been on the hunt for new revenue streams and has been trying to tap into their online video market, but will he be able to compete with more established streaming competitors inside china? joining me to discuss it, we have the wedbush managing director and the bda china chairman and from new york, jeff from polaris advisors. i would like to lay out the landscape in china as it is now because alibaba would be a very small player in this market. it something $.10 has already been doing. guest: both 10 cent and baidu have been doing these forever. alibaba is kind
Bloomberg
Apr 22, 2016 11:00pm EDT
down. apple is not immune to china. chinese regulators shut down itunes movies. we will dig into the larger implications. after a busy week in technology earnings, the main takeaways as we go into yet another busy week. what you need to know ahead of apple, twitter, and amazon all reporting next week. first, a developing story. first round bidders for yahoo! could find out as early as next week whether they made it into the next round. yahoo!'s advisors will spend the weekend narrowing down the field of bidders after receiving more than 10 initial offers for the internet company, ranging from $4 billion to $8 billion. sources say advisors will narrow the list to seven finalists. the bidders include verizon, yp, ppg, and a group led by bain and vista equity. paul kedrosky joins me from san diego. paul, how does the search committee and the board begin to narrow this down? where do they start? paul: so, in the parlance of the banking industry, this is kind of a takeoff. the idea is you try to figure out -- obviously the highest value is who carries the most weight. but there really is
Bloomberg
Jul 26, 2016 11:00pm EDT
bump, after cheaper iphones are catching on in china. aussie inflation rises faster than expected, reducing the chances of an rba cut next week. also coming up, the presidential seal of approval. clinton,linton -- bill bigs up hillary clinton. we are live at the democratic convention in philadelphia. reporter: i'm juliette saly keep an eye on the markets. most are at their highest levels since october. this is driven by casinos in hong kong, and the pullback in the yen. -- in up 1.4%. pretty flat in australia, but the chance of an rba rate cut possible. iphone suppliers are rallying up. on the markets shortly. with apple here, this is the world's most valuable company. it released earnings after markets closed in the u.s. shares rose post-post-release, and post market -- of both post-release and post market. numbers are falling. unit look at revenue and thatts, profits were not good. several billion yet less than last year. iphone t means that the model, peoplest were doubting whether it was a little too expensive for but it pickedts, up traction. that seems to be what is saving a
Bloomberg
Jul 26, 2016 6:00pm EDT
priest to death before being killed by police. the united states, australia and japan are urging china not to build military out posts on reclaimed land in these out china's the. it's seen as a strong show of support for southeast asian nations. the countries failed to take a stand against china over the weekend because they could not reach an agreement. global news 24 hours a powered by more than 2600 journalists and analysts in more than 100 20 countries. i'm mark crumpton. bloomberg west is next. emily: i'm emily chang and this is "bloomberg west." to be a hitiphone and apple is enjoying a pop, but china sales continue to slump. how does it impact tim cook's strategies? plunging after hours. we will break down the numbers. and a chinese company is known as the apple am a tesla, netflix of china and is now buying a u.s. company for $2 billion. we will hear from executives later this hour. apple shares gaining after-hours with a sales slowdown that was not quite as bad as expected. back-to-backfirst quarterly sales declined since 2002 but actual iphone unit sales beat estimates coming
Bloomberg
Dec 22, 2015 11:00pm EST
. at the marketsok right now if hong kong and china currently close -- but here's how they were trading in the morning session. the shanghai composite building on the gains of the year despite that. checking the rest of the picture in asia, mumbai gaining right now. if south korea climbing half a percent higher. i am back in half an hour. ♪ emily: i'm emily chang and you plus, detroit clearing up at the silicon valley. silicon valley raises the bar on over-the-top holiday parties. but with a guilty celebration at google. this -- that is a space x rocket trying and failing in a soft landing on a barge in the middle of the ocean back in april. today is a new day for elon musk and the space industry. axis relented up right a launchpad at cape canaveral. ted was the first flight another was destroyed by fire. the point of this experiment is dramatic cost reduction. they spent more than $60 million on each standard launch and musk is aiming for 100 fold cost reduction. how close are we to the goal? joining us to discuss is lori, a former nasa administrator, and jimmy, the ceo of a satellit
Bloomberg
Apr 7, 2016 11:00pm EDT
china's big three west giants between alibaba and will discuss who will is winning. has a crucial lift off at cape canaveral. why so much is riding on friday's launch. ♪ emily: some analysts are not convinced that twitter has turned the page on its struggles. it also lowered projections for twitter's 17 earnings by 13%. the revenue forecast also dropped 6% to about $3.25 million. aboutts are wary twitter's ability to win over new and mainstream users. it will be streaming nfl games on thursdays. the ridesharing battle between its archrival in china. by chinese company is backed the company trees largest internet giants. it was given at least a $20 billion valuation. uber is valued at more than $60 billion. giants for bond investors. investors are snapping up bonds from alibaba and other companies. in place of state backed firms. as default risks amount. dollar bonds from these firms have returned over 4%. it fits into the broader economic shift we've been seeing in china toward services like e-commerce and entertainment. joining us now to discuss her outlook for these companies is we
Bloomberg
May 13, 2015 8:30pm EDT
played in china. for more on what jack ma will be teaching the athletes, my guess t is jim wilkinson. obviously basketball fans. jack ma seems very excited since he likes basketball. jim, why the ncaa and the pac-12? jim: first of all, it is the pac-12. let me praise the commissioner for being a visionary. on the half of the student athletes in the united states. the chinese consumers, especially young consumers want exciting new content. our strategy is to bring the best in the world to china and bring the best of china to the world. the best basketball there is the pac-12, and we get to showcase china to a bunch of student athletes who will be entering the global economy very soon. emily: why is it important for you to partner with alibaba? larry: on a lot of levels it's an exciting strategic harder ship for us. our universities are truly global brands. we have multicultural, diverse student bodies and faculty from all over the world. research partnerships all over the world and china is an incredibly important market. our schools have been doing things for a long time overseas. we
Bloomberg
Sep 12, 2014 11:00pm EDT
number of countries until this one. are they not in china because it is not a roofed -- approved? or is this because of supply. i did get up to go for a run and by the time i got back the phone was sold out and it suggests that they have an anticipation that demand was going to be so great. we knew that there were more people coming off of a subsidized phone and able to upgrade than ever before. the demand for this phone, the potential market was greater than ever before. >> if they wanted to because they need all the demand. >> they want to sell as many of these phones as possible. if they could have sold more they probably would have. >> they could have made more. the bgigger battery and the newer chip, all this required filling a channel for some time and they did not have forever to do this. i have always thought the marketing gimmick of the lines in front of the stores were a total joke. they could manage the delivery, they know how many phones they can make and how long it takes to put on a slow boat from china. the fact they cannot manage the line is baloney. that is a marketi
Bloomberg
Aug 1, 2014 1:00pm EDT
in the u.s. what do you make of it all? >> it is difficult to know because the strategy in china is different. own start companies, they them or buy them, but do not necessarily invest in them. first of all, i think they have learned the value of investing in some of these companies as we did at yahoo! come a making a fortune --, making a fortune for alibaba. now they are seeing if they can make success on their own, or maybe they can assemble them and buy them, that is the operating premise that ali baba has been on. spoke before how they hired someone from liberty media who did justice, buying stakes. does this suggest that maybe they are taking these early investments and then making decisions later on is because they have to slowly but surely figure out the u.s. market, is it a regulatory thing? >> it is probably all of it. they are not public yet. all, they are trying to figure out how to grow outside of china and asia, particularly in the u.s. it makes sense that they are buying pieces, that when you add up all the pieces, it is part of apple, amazon, google. they are assembli
Bloomberg
Jan 26, 2016 11:00pm EST
around the world, seeing softness in hong kong, a big part of their china business. take a look at what tim cook had to say moments ago. : we are seeing extreme conditions everywhere we look. major markets including brazil, russia, japan, turkey, southeast asia, and the eurozone have been having weakening currencies, falling commodity prices. question to ask, hasn't reached the limits? we have it all down, including our, editor-not-large, cory johnson. cory johnson, i will start with you. take it down. what do you see. cory: the numbers are solid for apple. iphones theyst have ever sold, the most watches. corey: this is a tech stock. it is supposed to show big growth. the bottom line, in the real world, it should reflect actual growth. but look at this? 1% growth compared to 50% one year ago. that kind of change shows it is not growing anymore. it is hard for stock to show a the rest ison when negative. >> you are facing the worst conditions. even in 2009, we did not hear this kind of catastrophe. so, in that sense, having been quarter, ando one they state this as a temporary situation
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