, but they're keeping the volvo name. this is the smart thing or, hopefully, i don't know that the situation right now, i know that you can't really create a global brand themselves yet. lenovo sounds vaguely italian, but they did actually buy the ibm business. so it's not hike the japanese wave in the '80 where they just buy stuff and hope it works out. they're more strategic, but there are some crazy things happening. u.s. two weeks agomen bank -- en banc -- they already bought the waldorf-astoria hotel. a lot of chinese entrepreneurs need to keep talent, keep brands. so a company called club med, they built the largest -- bought the largest insurance company in portugal x. then the chairman went missing for a couple of days, and we don't know why still. it's interesting. we heard about, like, the relationship between the government and the private sector and companies like there's kind of a glass ceiling. if china gov-to-gov relations with the rest of the world, for example, southeast asia, are not great, how does that

, but they're keeping the volvo name. this is the smart thing or, hopefully, i don't know that the situation right now, i know that you can't really create a global brth

. >> the nice thing is volvo name has been synonymous with safety. >> absolutely. these are such safety features. >> that is a really good point about the safety. is volvo being talked about as one of the major players? >> no. it is not. this is a jump ahead for them. >> not like you're standing on your soap bach talking about automated cars. >>> new video. the solar impulse two in phoenix took off 3:00 this morning. the solar-powered airplane is headed to oklahoma. you remember the plane taking off from moffett field in mountain view last week. we showed you the moment live here on "today in the bay" when it took off. the plane is in the midst of a historic trip around the world. its journey started and will end in dubai. >> i hope they make it. >> maybe a year from now we'll be celebrating them in dubai. may take a while. >>> one of the world's most treacherous climbs. three foreigners scaled the top of mt. everest. >> two british and one mexican climber reached the 29,000 foot peak earlier today with three guides. last year's season was canceled after an avalanch

they are keeping the volvo name. they can't really create a global brand themselves yet.lenovo sounds italian but they did buy ibm. they. >> many strategic. they already bought the hotel for a price that somebody can seem to justify. there's a lot of money in china. they need to keep talent, keep brand. another young-based company, they bought the largest insurance company in portugal. the chairman went missing a couple of days and we don't know why still. the relationship between the government and the private sector and companies, for example, southeast asia are not great, how does that help companies. alibaba just spent a billion dollars in southeast asia buying e-commerce platform and it's having fraction issues. it's all very interesting. [laughter] >> i have 12 chapters in the book but which parter 13 -- chapter 13 is the most interesting. so i'm happy to have you here including friends i haven't seen for many years. and i'm happy to sign and stay in touch. if you find me on wechat, duncanclark.com. [applause] [inaudible] >> thank you so much. >> i have three quotes

the thoughtful about what they are keeping the volvo named. i know that you can't really create a global brand. one note though sounds vaguely italian, but they did actually buy the idea. so it's not like the japanese way that they just buy stuff and hope it works out. there is some crazy things happening. two weeks ago, almost -- they are developed the waldorf astoria hotel that nobody seems to justify. there's a lot of money sloshing around china. there is also a sense that they need to keep talent and keep brands. another company built the largest insurance company and the chairman went missing for a couple days and we don't know why still. so it's interesting. so we heard about the relationship between government and private sector companies. this kind of a glass ceiling. for example, southeast asia are not great. how does that help companies? alibaba santa billion dollars this week by an e-commerce platform there. and yet the chinese government is having lots of friction but there's areas. it's all very interesting. i have 12 chapters in