emily: this is "the best of bloomberg technology" where we bring you all the interviews from this week in tech. president trump deciding against the harshest measures on chinese investments in the u.s. we discussed what it means for chinese tech companies like alibaba. we talked to the man leading uber's battle on the heels of the deal operating in london. uber's chief legal officer joins us ahead. the u.s. supreme court upholds president trump's travel ban,

giving him a legal and political victory on a controversy that has defined his presidency. we will hear from a tech leader speaking out against his decision. to our top story, the white house is moving forward with lands to limit chinese tech investments. they previously reported the president is looking a congress to strengthen -- to keep companies from stealing u.s. intellectual property. treasury secretary hailed the move when talking to reporters on wednesday. >> the economic team recommended to the president that when legislation passes we will have the technology. emily: we discuss with a senior reporter who covers the chinese tech scene, and managing partner at a venture fund that has invested over $1 billion in the last three years. >> donald trump is going to rely on congress, and the legislation

that is going to right now to strengthen the laws that exist. we are going to see -- it is already an untrained transparent, pretty interesting group of folks that are managing and looking at each investment. what they want to do is strengthen that even more. that means taking a look at things like joint ventures, which used to be things that flew under the radar. and smaller deals that would fly under the radar. this idea that we are not going to look at the big deals, but the smaller deals coming out of china trying to buy up u.s. tech companies. emily: and someone who invests in china and u.s. tech had a strategy. >> we look at this as a boom. we thought that this type of aggression of -- aggressive

action brought -- amongst government regulators, universities, venture capital firms to breathe and do deep tech businesses here to replace the u.s. components that might have been taken out of the market. i think that this action and things like the zte sanctions open people's eyes to how empty a lot -- how empty a lot of the business here is in tech. it really spurred soul-searching in the venture and entrepreneurial community and lead to a push towards businesses needing developed. a lot of capital pouring into new areas where we believe we can develop self-sufficiency locally. not an unexpected move, but when i think that has started the process where there is more innovation in a hard tech and deep tech in china.

emily: what has been the reaction from people in beijing as these dramatic developments have played out and gone back-and-forth with the tit-for-tat? benjamin: it has been a roller coaster. as an american, i am questioned what the meeting -- meaning of all the questions are and what will stick to the wall and what will not. i think that the overall view here is that trump is a businessman. he understands the impacts that it would have on u.s. businesses, as well as the shareholders there. likewise, many of the chinese businesses are backed by venture capital firms. that money coming from u.s. investors. the view here was that, while a lot of these, what we call extreme pressure measures are being use, ultimately the impact of these statements would be mitigated.

ultimately, not huge damage done to local businesses. emily: we are already hearing from lawmakers. listen to senator john thune who is on the senate finance committee. senator thune: i think this is a better course of action. they said they would use legislative approach as opposed to what they talked about previously. i think that makes more sense. if you look at the concerns we've had about potential retaliation from china with respect to the administration was proposing, i think that is walking back from that and, to me, represents a more logical approach. emily: what are we expecting in terms of legislation out of congress? shelly: we are expecting this bill and legislation and it will be more scrutiny and staffing involved.

more scrutiny over the companies that are engaging in these deals. we have already seen the impact and the flow and china. some chinese companies that requires into the u.s. go down. we have seen some venture capitalists, chinese venture capitalists pull back a little bit. the idea is that maybe that will happen more. as the u.s. increases scrutiny. to ben's earlier point, there is nothing like telling someone they cannot do something to read them up to do more. if you are going to tell chinese companies you cannot invest in companies, you can bet that some entrepreneurs will say, maybe we don't need to invest in u.s. startups, maybe we need to double down and invest in our own companies. it will be interesting to see what happens next.

will it spur more tech and innovation in china than what people were expecting? emily: we have already seen chinese ipos not performing for half as well as expected. take a look at my bloomberg, this chart showing recent hk listed ipos. we do have xiaomi coming up. i understand an investor in xiaomi is an investor in one of your funds. any concerns on how they will perform now that we know some of the financials which are not , perfect. benjamin: a number of underperformers in hong kong, new regulations around crs in china and the options being taken out for mainland investors threatening.

not an easy time to come out, certainly complicated by xiaomi bar a new species. they are a company that does not fit in the new methods and valuation methodologies and company profiles that most in the public profile -- that most in the public market understand. it is a software company, we do iot, e-commerce of service, it is difficult to put one finger on it. that result is that a lot of people are scratching their heads today, both institutional and individual investors trying to figure out how it should be valued. emily: that was msa capital managing partner and human and bloomberg's shelley. -- shelly. xiaomi is on its way to a $6 billion plus listing. the biggest ipo in two years. it helps to reach a hundred billion valuation by postponing the mainland china half of its listing.

stephen engle reports. stephen: xiaomi's decision to postpone could lure its larger tech companies via china's depository receipts. the hong kong ipo is said to be the world's biggest in nearly two years to raise 6.1 billion u.s. dollars. it is a considerably shaved down offering that was expected to top $10 billion in the companies cfo says there is no timeframe to revive them at the part of the listing. sources say xiaomi scrapped it because of differences with the regulator overvaluation, but xiaomi says it had no dispute with the csrc. investors may dispute the valuation and the ipo is said to be marketed up to 29.3 times forecasted at 14 earnings, making it twice as expensive as apple and more pricier than

tencent. xiaomi says it deserves the premium in valuation because it sees itself as an emerging e-commerce industry rather than a smart phone player. ipo likely to get playing july 9. emily: coming up, the travel bans impact on silicon valley. and if you like bloomberg news, check us out on the bloomberg radio app, bloomberg.com and in the u.s. on serious xm. this is bloomberg. ♪

emily: this week, the united states supreme court has voted to uphold president trump's travel ban. the court voted 5-4 on party lines, reject it arguments that president trump violated the by targeting muslims. the current version of the

travel ban targets five predominantly muslim countries and bars more than one hundred 50 million people from entering the united states. the president took to twitter saying, "supreme court upholds trump travel ban, wow." tech push back big time. and they are doing so again. airbnb released a statement saying we are profoundly disappointed by the supreme court's decision to uphold the travel ban, a policy that goes against our mission and values to restrict a person based on values or religion, travel is a powerful experience and we will continue to open doors and build bridges between cultures around the world. chris joined us on tuesday, the head of global policies for air b&b, and a former white house official in the clinton administration. >> what our ceo tweeted and what our founders have talked about is specifically our concern. that is based on our

philosophical values. if you look at the history of the united states, it has been a sense of travel. travel has always advanced the human condition. we are now in a time period when you are having travel bans. children being separated from their parents, conversation about building walls. that is fundamentally inconsistent with what it means to be an american, the american experience and american democracy. whether you look at migration, immigration, exploration, innovation, travel has already -- always been at the center. we think this is a fundamental question of whether we want to continue to move forward with the country -- as a country or go backwards. this does not involve our our business in sense of a dollar perspective, but i cannot help but think that on this day 55 years ago, in what was then a

west berlin, president john f. kennedy gave his memorable speech about tearing down walls. and today you have the supreme court ruling, the statue of liberty is crying. emily: you had a strong statement about the family separation of the cofounders of air b&b said gripping children from the arms of their parents is heartless, cruel and the u.s. government needs to stop this injustice and reunite these families. we are a better country than this. they are matching donations to the international refugee assistance program. you have been hosting guests as part of your refugee program. how many people have you hosted? chris: we have been on this for several years. at the end of 2016 we made a series of commitments between housing 100,000 displaced people. well over 11,000 contributed $4 million to help support refugee efforts today.

we are announcing that matching program with the international refugee program. for us it is not only about speaking up and standing up, it is about putting action behind it. we are a community-based platform. we have 5 million plus listings around the world and we work with our host communities to open up homes for people who are displaced. we will have more to say about this as we go for it. for us, this is a valued based issue. to the extent you want to talk about it from a business perspective, we think about what has happened over the last year. travel is down and travel is 10% of our gdp. these types of decisions are not good for the u.s. an economic perspective. we continue to grow even though the travel industry has been impacted. i have referred to some of these

decisions as travel parish. once you start to impact travel you are impacting an economic sector. like small businesses that depend on it. we are speaking out about it. when the comments were made about the various countries, i will not use the words that were used in the initial travel ban was announced. when other issues have come up, such as separation of children and parents at the border. it is material to what we stand for from a values perspective, but there are business issues. emily: it does impact or business if travel is down. how has travel from air b&b and impacted not just by the travel ban but by the american's first mentality and president trump's general anti-immigrant stance? chris: if you look at travel in the u.s., from international

origins, it has gone down. we have been fortunate in that we have seen our travel go up. that is somewhat reflective of the fact that people are staying with real people. in some ways, our model actually works for those folks who want to spend time with real people. yes, over all, when you are out there putting up travel bans, that would not be good for that particular economic sector. that is a question of whether we will have an open world or a closed world. we have faced challenges, climate change, the only way these issues are addressed in a global context is countries working with one another. that requires a mindset of another world. isolationism is pretty clear, it has never worked. emily: do you worry about being so closely aligned with democrats from the perspective of your business, but some of

your employees who may be republican and may sympathize with the president's policy? chris: we speak out on issues that go to our values. travel is inherent to our values. we don't look bit -- we don't look at this as a democratic republican -- philosophically we look at this as a company moving forward. that is the prism we are using to we do not speak out on every issue, but we do speak out on every issue that goes specifically to our values. it is a sense of belonging, of driving belonging, of promoting belonging, having people stay with different people of different backgrounds. this is inconsistent of what we are about. emily: there are people that work at air b&b that might disagree. chris: it is one of our core values. we have a core value that talks about the power of belonging.

the transformative impact of travel. when you come to work at air b&b, you are working to support a community that is committed to driving belonging. people understand that when issues come up that will be inconsistent, whether it is here in the u.s. or other parts of the world, we will stand up for the issues and values our community cares about. emily: is there anything you are doing on the business side to adapt? chris: we will release more information. we will release a video in a short time period that will communicate how strong we feel about the power of belonging, the power of travel and how important it has been to american democracy. we will continue to work on things are have been out there. we will do a matching fund to the international refugee program. continue to find ways to house people that have been displaced. this all tracks back to our

values and our purpose. emily: coming up, china's booming tech sector jennie lee tells us where she sees the most growth and opportunity. uber gets a second chance in london. the details of their 15 month license to operate there. this is bloomberg. ♪

emily: air b&b, xiaomi, alibaba and grab are among 22 unicorns that have one thing in common, investments from gigi being capital. -- investments from the capital. the managing partner was the top woman on the list and number 10 overall in 2015. she sat down with tom mackenzie in shanghai is part of our venture chinese series to say where she sees the most growth coming in the chinese text sect or. >> -- tech sector. >> our focus is around the

buying habits and changing. we call it e-commerce. this area includes companies by alibaba, what we are seeing in new innovation is off-line destruction. online companies are leveraging data from consumers to now put them off-line and online in terms of what they are buying. that is a big tease for us. online e-commerce integrating into off-line and distracting be off-line traditional experience. the second area is always around social. if you think about, sitting in

the u.s. we always thought that if you fire facebook you're free. in china you can find a facebook type of business model every three to four years. there is always new social destruction, whether in the form of short form video, live streaming video, but the key is that it is driven and targeted to each of the different segments of research. we have investments in companies in china, we have another investment in a company that only targets the generation z. the thing that has more room for growth and expect to see this company may be taking that model overseas as well. tom: do think some of those

examples can be moved overseas? we have not seen that many success stories of chinese tech moving overseas successfully. jenny: we have an investment in the company called musicaly. it is a top five or 10 in the u.s. recently the company was acquired but it is an example of a chinese development in making and becoming number one in the u.s. market. we have also seen chinese social apps going to the u.s. and southeast asia. for example a chinese company has a similar app that is one of the largest social apps in southeast asia. tom: how many exits are you looking to pull off by 2018 jenny: over the last two years i

have had six. this year there are a few overseas and domestic. and i have a few. tom: how did the beijing/washington trade tensions play into your decisions? jenny: we are watching the development very, very carefully. we need to know which direction this is going to go. i think, in the short term, we see that apple's countries will not benefit from increased trade tension. longer-term, china may come out ahead. emily: ellis capital managing

partner speaking to tom mackenzie in our china venture series. we will hear from a chief legal officer on what it is like to have one of the most challenging jobs in silicon valley. "bloomberg technology" is livestreaming on twitter. be sure to follow our breaking news network on twitter. this is bloomberg. ♪

emily: welcome back to the best of bloomberg technology." i'm emily chang. a judge granted uber a 15 month license to operate in london after the ride hailer made some regulation changes. the ruling came tuesday after 1.5 days of arguments, in which lawyers for uber insisted that the ridesharing app had completely overhauled its culture, passenger safety policies, and reset their testy relationship with the regulator. caroline hyde caught up with the details. >> they got 15 months to keep making good on the promises they said they were going to make, behaving a little better, reporting crimes, and offering a bunch of other changes.

it is this 15 month period where they have to keep doing the right thing, then reapply for another license, and hopefully they can do that without going to court. caroline: you did some fantastic reporting by getting into a lot of ubers. generally, the consensus was the drivers certainly like the product. and they want flexibility. >> exactly. the number one piece of feedback that i got was having benefits would be very nice, but it is all about the flexibility. the are not competing with the black cabs we have in the city, because they are competing with mini cabs. this is a change for them to be their own boss and work whenever they want. that is a number one thing they want to keep. caroline: this does not end the legal battles for uber in the u.k. when it comes to the drivers, there are still some hurdles in terms of giving them not just insurance packages, but more worker benefits.

>> potentially, yeah. this is battle one of two of this year. battle two will be in october, when they will be in court over employment. uber lost their appeal about employment rights, holiday pay, vacation pay, and we very recently had another company in the gig economy with plumbing. they lost a case, and one of their workers was given the right to vacation pay. and so, you know, it is one of the first times we have seen anything like that. so uber will have to go to court knowing that some other company with a set of workers very similar to theirs has been told that he can have vacation pay. caroline: so, does this is sort of undermine the business model going forward? or is uber here to stay? and really, this is a takeaway of good news? nate: i think for uber, having

to pay for things like insurance, even vacation pay, it is a lot less expensive than it would be to pull out of london. london is the biggest market in europe. in one of its biggest worldwide. so, for uber, it is a no-brainer. it has to do what it needs to do to stay here. and if it has to pay vacation pay, i have no doubt that it will do. in the u.s., there are the twins of uber and lyft, and we do not have that. some people say it is over and the black cabs, but they serve quite a different audience. or type of passenger, rather. so, uber probably needs to sort out the legal battles first, but it also needs some competition. emily: caroline hyde along with bloomberg tech's nate lanxon. we continue the conversation with uber's chief legal officer tony west. i spoke with west about how he is tackling his big challenges

ahead at an event hosted by bloomberg law in san francisco, and asked him about the company finally getting its 15 month license to operate in london. tony: it requires us to walk the walk and to demonstrate that we are, in the words of the license, fit and proper. and i believe we would not have been here at this point had we not, in the preceding months, where dara engaged in some extraordinary personal diplomacy. and there has been a lot of other things, changes, significant structural changes that we have made to the way that we operate. you know, we would not have gotten to this point had i think observers really sensed a change in the way that we approach that market, and the way we operate. emily: a representative for the

taxi drivers suggested it would be an uber in sheep's clothing. tony: well, you know, the new uber is what you see. right? i think what i can say is that it behooves us to be as transparent as possible. it behooves us to be as upfront as possible. it behooves us to take accountability for things that went wrong. take credit for things that go right, and to be as open and upfront about where we see the company going. look, we know a couple of things. one is, uber survives only if people trust us. simple as that. they have to trust us with their data, with their safety, the safety of their loved ones. and we have to earn that trust every day in the way that we operate. that is the mandate. and if we do not do that, we

going to lose, simple as that. if you think about uber being the mobility platform of the future, a place you not only go to because you want to ride in a car, but because you want to get on a bike, because you want to take another mode of transportation, and soon you want to get into an air taxi right? when you think about the platform in that way, as a mobility platform, the idea and concept of trust and safety becomes even more important, and that means it has got to be what you see is what you get. emily: the california supreme court recently ruled in favor of drivers for a document delivery company, which could have wide-ranging implications for uber and other gig economy companies. is uber considering proactively making its drivers employees rather than contractors?

tony: i think the dynamics' decision is a big decision, and the implications are far, far broader than just ridesharing companies. clearly, it affects us, but many more who use an independent contractor model. what it means is we have to back up a little bit and be willing to engage a broader, fundamental conversation about the gig economy and the opportunity that we want to create for individuals who participate in that economy. and so what that means, you know, we have to have an honest conversation about, there doesn't need to be this false choice between security and flexibility. you ought to be able in today's world to have flexibility and security. again, the partnership in the e.u. i think is a demonstration that you can do that.

we contribute to something with other rideshare companies called the black car fund, that is it -- that is administered by labor, but tries to do what we have done in europe for drivers in new york. and i think it could be a model for the rest of the country. but that really does require that, you know, we kind of come out of our ideological crutches, and engage in honest conversation about how we create more and more opportunity in this new economy, which is here. we have to grapple with it, we have to deal with it, let's make sure we do it in a way that creates opportunity for everybody. emily: could drivers become employees as a result? are the implications that big? tony: sure, it is possible. i think that could be one result. i personally do not think that is the right result, because i think, at least in our business model, that means there is a

great degree of flexibility that is then taken away. and there is a question of whether that business model can be as efficient and as effective? one of the things that is so important is that the vast, vast, vast majority of our drivers drive less than 10 hours a week. these are individuals who are supplementing their income, individuals who are finding a way to drive on their schedule, on their terms. they ought to be able to not only engage in that practice, but have protections for them while they are engaging on the platform. i think that is the win-win that we want to get to. emily: i would be remiss if i did not ask you about multiple criminal investigations that your former employer has into uber, including one that the company paid bribes overseas,

where they used fake cars to avoid law enforcement, all of this allegedly. software used to track lift drivers, whether uber stole trade secrets from waymo from other companies, and pricing antidiscrimination laws. any updates? >> [laughter] tony: you know, i now know what it feels like to be on the other side of me a few years ago. look, without confirming any of that, look, i will say this. we continue to be very cooperative with regulators who are investigating a whole host of issues. that is the approach that our ceo believes in and that i believe in. you know, i think a couple of challenges that we engaged when we started, one was cultural change.

that was job number one, as anybody will tell you. the most important thing about a company is its culture, everything else is secondary. so that was job number one. but the other thing that we really had to do was work on the regulatory shadow, the overhang that we want to continue to methodically move through. fortunately, one of the things i encountered was an incredibly talented team of lawyers who have been working on this and continue to work on this, and i think they are now working in an environment where we can engage regulators in perhaps a more cooperative way that has been in the past. and i think that is benefiting the company. emily: sticking with ride-hailing services, one of uber's lane rivals is making a push into the australian market, launching operations there on monday. bloomberg's paul allen filed this report from sydney. paul: it is a slow and steady

start for the launch of this ridesharing service in australia. the company has been trialing its service ahead of its launch in melbourne. but here in sydney and the rest of australia we are going to , have to wait. the australian and new zealand boss says that they will take a pragmatic step-by-step approach to expansion with feedback from the melbourne launch used to shape offerings elsewhere in the country. they have been raising capital to fund its expansion. a $4 billion funding round in december raised the valuation to $56 billion. sources saying the company have cash on hand of $12 billion. discounts of up to 50% are going to be offered to riders until the end of july. drivers who sign up early will qualify for incentives as well. the ridesharing market in australia is getting a little bit crowded though. we already have uber here and didi will be joining taxify as well on the street down under.

paul allen, bloomberg news, sydney. emily: coming up, we sit down with the ceo of africa's biggest company by market cap, a company that made the best tech investment in history. their ceo joins us to talk about backing tencent next. this is bloomberg. ♪

>> africa's biggest company reported a 72% increase. classified advertising and its e-commerce business for the boost. it happens to be one of the biggest if under the radar tech investors in the world. tencente in the chinese -- its investments and new online companies are starting to bear fruit. the rate at $9.8 million large by selling a 2% large. it added another profit.

ceo joins us to discuss. >> the main reason why we freed up more capital is driven by opportunity. we have been focusing building our e-commerce business in classified and online food delivery. we are getting to some scale where we realized there is further opportunity to pursue. we want to shore up the balance seat and give us the capacity to do that. to repeat that model of finding a great business and putting our backing behind it and make a great company groep. -- growth. >> to walk away as little bit risky given how fast the company continues to grow. where do you see that opportunity? see, the tencent is an amazing company. probably one of the most impressive growth stories

anywhere in the world today. what we also see is we have managed to build excellent businesses and 120 countries -- and 120 companies. we are not done. if we continue to be looking for the right entrepreneurs and find them and trust them, we give them a lot of runaway. we can do this again and again. a good example is what we have done with the cart and india -- flip cart and india. we backed the founder that was in 2007 in india and looking at e-commerce dream and wanting to build his business while there were no credit cards or logistics. there was no structured retail. we backed him from early on. . that is what we do. . >> you bought the small stake in tencent in 2001. i am sure there has been some fascinating drama over the years whether to get into games or e-commerce.

you have been ringside for all of this. i'm curious if you can share more about your shared history. what has it been like to be on the front lines? >> it has been a fantastic ride. it is the company that has been run by the most incredible leadership team in the world. what they have done structurally well is they care about their customers. they start with technology. a view onbeen taking what is the best possible product we can offer. that is what we do as well in our other investments. we find entrepreneurs with extreme product and customer focus. tencent is the best example of doing that. that is fundamentally what we do. >> your stake in tencent is now worth more than nass burrs overall. what is your strategy to close the gap? >> we are a company that is

diversified. you would expect a certain discount to be for us normal to trade up. there is some structural other factors that make our lives a little different from others. fundamentally, what we're focused on doing is finding great entrepreneurs that build great businesses. the last set of results are a good example of where we have seen very strong growth of an e-commerce business growing a close to 40%. our core e-commerce investment classified -- building great businesses at what we do. >> you have said you look at listings -- listing some units individually. i'm curious as to which of your businesses you think are listing ready? >> at this point, we are looking at a broad set of options on which businesses can help us overtime to unlock the value.

there is a broad set of options we have. we have done it many times in the past. we invested in online food delivery business called delivery hero. that company went public and has been on a fantastic ride. we look at which businesses would be better off if we were to take them to a public situation and we make those sources. up, salesforce has announced a $2.5 billion investment in the u.k. over the next five years. we will talk to the secretary of state on all future tech investments. this is bloomberg. ♪

>> once again, you u.k. government has made it a point to show off the country toss taxi. are hoping to secure the

economic rewards of being a destination for ai and cybersecurity investment. this week, they unveiled the london cyber innovation center weeks after announcing billions of dollars of new investment in the tech sector with salesforce among the international companies. caroline hyde's spoke with the u.k. secretary of state for media, culture, and sports. >> large technology companies from across the world are not only welcome here to invest and expand their operations, but they are doing so with great pace. salesforce, you mentioned. over the last two years, we have had major investments from apple , google, ibm, amazon. a couple of weeks ago, further news from amazon. samsung opening their facility in cambridge. there is massive investment. 2017 -- it doubled

from 2016 to 2017. >> what about the regulatory environment? people look at the you -- we are getting slapped of fines and copyright law. how much do you think the u.k. regulatory environment is a blessing or a curse for some of these companies? >> we think there is an opportunity here too. the u.k. traditionally has gotten a good track record of writing regulation that gives us a framework within which people can operate but also it is very strongly pro-innovation. world leadings a example of having regulations because financial products do need a level of regulation, but also allowing for innovation and having the presumption that something is ok.

if there is a problem, a will have a conversation. as opposed to the other way around where you have to have something approved. pro- we have a very regulation and dimitri stance. -- innovation stance. that will help to make us a great place to run autonomous vehicles safely and securely in the interest of citizens but harnessing the new technology. likewise, the data protection into u.k.t the gdp law. and also to exercise the number of derogations to be more pro-innovation than if we just brought it and wholesale. -- in wholesale. we think it is a really good rule. even though we are leaving the european union, we are going to keep it because we think it is a

good balance between privacy and innovation. >> some of our companies have been born and bred in the u.k.. what you think about the consolidation the media faces in being a self digital culture? >> i certainly see it happening. quasi-quasi--- i am the decision-maker. ensure thatreful to decisions are taken clearly and objectively based on the evidence. we had a very detailed process. looking at the fox takeover of sky. the final details of how that can work without causing problems in terms of media plurality are now out for conversation for the next few weeks until he come to a decision. takeover, we looked at and decided it did not raise

concern. now there will be a takeover should that proceed. the position we take in the u.k. that the government does not take a strong view on these mergers outside of the specific rules of both competition and media plurality. the fact that the politicians do not express a view between different -- that is a real strength for our economy. it is one of the reasons we get so much investment. i am going to keep abiding by it. >> that was the u.k. secretary of state for a digital, culture media, and sports. that does it for this edition of best of bloomberg technology.

tune in for full coverage each day 5:00 p.m. in new york. bloomberg technology is live streaming on twitter. be sure to follow our global network on tictoc. this is bloomberg. ♪ . .

carol: welcome to "bloomberg businessweek." jason: we are at bloomberg headquarters in new york. carol: coming up, we have a very special issue for you. jason: we are going all around the world looking at things getting lifted. carol: a reporter is really following the money trail on some high-profile burglaries around the globe. jason: bees, art, whiskey, so much to cover. carol: we definitely have to start in the u.k. jason: a blockbuster