announced plans to raise more than $11 billion from a dozen major investors including alibaba and baidu is in singapore. tell us more about this plan to raise the capital, then. finally, then, there is some clarity about this fundraising initiative from the world's fourth largest mobile service provider by subscriber base. there was confusion last week about how much was going to be raised, through the investors were, and if it was a legal deal. tony's media speculated that china unicom had violated deals in terms of deal size and pricing mechanism after the rules were revised in february. but the regulators said that the deals that will tap into more than a dozen major investors such as alibaba and baidu, do not violate rules. values surged 10% in chinese trade. and china unicom hong kong also climbed 10% to their highest level in more than two years on the hong kong stock exchange. this is good news for china unicom, able to raise $12 billion for their fundraising efforts. ben? thank you forjoining us, rico hizon. right, now it is time for the first in our new series on the business o

baidu shot up. i think a lot of it is priced into the stocks. haidi: thank you so much. in hong kong. china's largest sportswear company touched an all-time high on tuesday after posting record first half earnings. correspondent had exclusive access to the chairman to find out how he plans to take on global rivals. they are on a roll thinks to endorsements like with klay golden state the warriors. thompson's signature shoes have as much as tripled since they were released. it is part of a strategy to nike. -- two challenge >> our target is to grow retail sales from 30 billion now to 100 billion by 2025. which means if revenue grows 50% over the next eight years, we can achieve that gold. >> a decade after listing in hong kong, the shares are at or near a record high. they sort of more than fivefold. it has been a steady climb compared to the precipitous drop losts main competitor, who two thirds of its -- two thirds over the same. . not repeatey will past mistakes of its rivals up to the beijing winter games. >> the u.s. and chinese markets have sales of about 300 millio

he led baidu's research division.ished a series of online courses designed to help people become ai experts. great to have you on the show. talk to us about how these courses work. >> anyone that wants to break into ai can go into the site and sign up for a course. is the new electricity, just like it transformed every industry 100 years ago. i have a lot of engineer friends that want to break into ai. that knowledge has been hard to access. we are now starting to pull out there for anyone who was to break into ai has more power. emily: there is confidence when it comes to online education courses, especially when it comes to technical skills. how do you stand out? >> i think it has great content. it is really high quality. learning,e of deep you think of services level and content. it really high quality. it is something that really lets you understand -- there's not that many well curated causes out there. emily: there's a big shortage in ai talent. tell us how serious it is. if you'd -- >> if you take seriously the

post reports on beijing airport implementing facial recognition technology created by search engine baiduto eventually allow passengers to board flights just by having their faces scanned at the airport. quite extraordinary technology there! what stories are sparking discussions online? well, iwonder, sharanjit, how much brisk walking you do? because that's the story is trending here in the uk. it turns out 40% of people in england who are middle aged spend less than ten minutes a month walking at a fast pace, they're putting their health at risk according to experts. they want people to do it for at least ten minutes every day. the billionaire head of south korea's samsung group, one of the world's largest corporate empires, will find out on friday whether he's been found guilty of corruption. during a six—month trial, lee jae—yong was accused of giving inappropriate donations to a friend of the country's former president park geun—hye, a charge that helped trigger her dismissal from office. mr lee has pleaded not guilty. yogita limaye reports from seoul. to the korean people it was bigg

let's go to china where the country's largest social media platforms — weibo, wechat and baidu tiebagation for alleged violations of cyber security laws. our correspondentjohn sudworth is in beijing and he's been following the story for us. what are the accused of doing? these are amongst the most powerful social media platforms in the world, each of them used by hundreds of millions of them used by hundreds of millions of people here in china and beyond and the cyberspace administration of china has issued this directive today saying they are now under investigation and the concern seems to be the idea that some of the content, some of the charts and m essa 9 es content, some of the charts and messages and material being shared in danger as national security and the cyberspace administration points to things like spreading false rumours, issues related to terrorism, concern about the content there as well as pornography and a general sense that these platforms are harmful to china's maintenance of political stability and order. they are already very, very heavily monitored and censo

baidu said that they have largely neutralised the group, the network responsible for the attack, herethey say they have arrested the more count them in the dead. but there is a problem with. two the suspected members of the network, they can't work out the fate of those. the first, eunice abballa group, the suspected of carrying out the attack on this group, they don't know where he is. better note he is still in the country or if he has fled to france. —— and then the man responsible for directing the attack, they do to where he is, either. they have to result is fate. —— resolve. and we'll find out how this story, and many others, are covered in tomorrow's front pages at 11:30pm this evening in the papers. our guestsjoining me tonight are the former fleet street editor, eve pollard, and thejournalist and columnist, yasmin alibhai—brown. hope you can join hope you canjoin us hope you can join us for that. bangladesh is grappling with the worst flooding for thirty years as this year's monsoon rains take a huge toll on parts of south asia. the floods are now known to have claimed more

share offering -- worth $5 billion, trying to close the gap on baidu. the name means search..ng about 10% of the company by the end of the year. it is backed by tencent. they want to use the money to improve search through artificial intelligence. we are expecting breaking news out of china. yesterday, we had the official china manufacturing numbers for services as well as manufacturing. they came in a little weaker. let's take a look at the numbers, given that we have a better gauge when it comes to what we will be getting and some of the smaller companies. let's bring you some of the numbers coming out at the moment. manufacturingfor coming in at 51.1. that is actually markedly pretty strong.we were looking for 50.4, which was unchanged from the previous month. a smaller, privately owned company often has a little more of a struggle when it comes to funding. nice gain. is a very we have had reasonably good numbers out of china and japan, and south korea now, and the private sector in china completing the picture somewhat. back to australia. rates are decided in a couple hour

tencent, baidu and weibo are the points of the probe.he government has shut live streaming services and sites, tightened regulations on internet access and issued warnings about cleaning up web content. >>> still ahead on the show, the public spat between president trump and mitch mcconnell heats up and we may he w taavnedeils on a tax timeline that's straight ahead. i don't miss much... definitely not the traffic. excuse me, doctor... the genomic data came in. thank you. you can do that kind of analysis? yeah, watson. i can quickly analyze millions of clinical and scientific reports to help you tailor treatment options for the patient's genomic profile. you can do that? even way out here? yes. even way out here. we're drowning in information. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. you myour

china's online watchdog has launched an investigation into multiple violations by baidu, and waidu.hey made no immediate comment on the notice. the bond board member from uber is stepping down. graves served as the senior vice president of operations and is on the executive leadership team tasked with running the business in the absence of a ceo. he will relinquish those positions next month, but will remain on the board to help the company search for a ceo to replace the cofounder. that is your bloomberg business flash. guy: thank you. donald trump has stepped up his campaign for pressure on north korea as he warned the regime not to follow through on firing a missile towards u.s. the latest or marks reinforce the aggressive -- the latest remarks reinforce the president's stance, despite rex tillerson trying to ease tensions. >> i think this is the first time they heard it like they heard it. frankly, the people that were questioning if it was too tough, maybe it was not tough enough. matt: joining us now is our asian political editor. give us a sense of how this is being perceived

tencent, weibo and baidu made no immediate comments.his management role after a tumultuous year. he served as the senior vice president of operations and is on the executive leadership team tasked with running the business in the absence of the ceo. he will relinquish those positions next month, but will remain on the board to help the ridesharing company's replace travis. manus: thank you. let's bring you our morning pause for thought. it's a bloomberg view piece. if you can come up with a better name for it, let me know. this week, bnp paribas, 10 weeks ago, they told investors they would not be able to redeem their holdings in three investment funds. mohammed says the risk of financial instability, while lower, has morphed in mitigated -- morphed and migrated, excuse me, but not disappeared. let's bring in our guest, michael franklin. so, mohammed's central theme is that the 10 year is on. central banks have done what they can to keep the markets stable. governments cannot stay the same. he is warning that there are new forms of risk

why is tesla going to be the key against other big tex out there like a baidu or apple that is willingo chunk money at this? baton ami and affordability are the reason why we think tesla is ahead of absolutely all the big outlets in detroit yesterday. i'm surprised that the gap between detroit and tesla. the companies that arethe compay the biggest threat from the product standpoint --the company the biggest threat from the product standpoint -- the tech companies lack the ability to manufacture. to try to scale this up not only onthe companies that are probaby the biggest threat from the product standpoint -- the tech companies lack the ability to manufacture. to try to scale this up not only on the car front but the battery front is a nexus size that can take a decade to procure the land, build the money. if you put those pieces together, tesla has a comfortable lead and are inching ahead every day. think mobile three is the affordability breakthrough here? if you want the souped-up version of this, it will be more like he nine dollars. is that really the affordability ? they will co

tencent, baidu and weibo are the points of the probe. the government has shut live streaming services and sites, tightened regulations on internet access and issued warnings about cleaning up web content. >>> general electric's new ceo is betting big on his own company. john flannery bought nearly 2$27 million in ge stock. that's according to a regulatory filing he added 104,000 shares to his 401(k) account bringing his total holdings to 15$15.5 milli. as of yesterday's closing price. so a sign of confidence among the new ge ceo on a stock that's fair to say needs a sign of confidence >> yes >> this has been not only the worst dow performer the past year and few years, but by far the worst dow performer. not even close to the other decliners. >> we don't know if the kitchen sink is out. the next earnings conference call is where we will get that kitchen sink quarter >> maybe it's a bet in oil ge got big into oil. 16% of ge's revenue is part of the oil and gas business they got into it as oil started to slide if oil can come back up, mayb

there is a tight race waged between alibaba, tencent and baidu and they are chasing for the best contentill only get more and more expensive. shery: selina wang joining us from new york. also joining us here in hong kong is a consumer expert, larry, great to see you. hemaa just mentioned stores. how important are brick-and-mortar stores for alibaba? >> this is probably the next big thing for alibaba. years, onlinew sales had reached record growth. upever, online cannot pick other shares. off-line retail is still a big chunk of the overall retail market. alibaba's ambitions occupy a much wider customer point. it is natural for them to pilot and expand this concept from online. tier: are we talking about four cities in china? tier one,a is only at mostly in shanghai. they are testing this concept and prototypes. alibaba's ambition is not limited to these tier one cities. they are real challenge is about how to scale up from the current, to hundreds of thousands in the future. betty: how expensive is that going to be and how can alibaba, like amazon, mine it data to get that scalability? la

baidu, alibaba and tencent they have an acronym for that. point? >> i think you almost have to. what does consume me on the consumeder, so overextended and have over $1 trillion and warren buffett buys synchrony and thinks it's a great play. >> and mastercard is up 30% this year really, again, it's discordant and we do think whatever is going to happen it won't be that it will be perhaps something out of china or somewhere where we haven't really expected it and hopefully not on the political front or war front but that's also -- >> china was not expect pedestrian, and we're seeing lots of signs. >> can you explain what is the firming in china that we're talking about? going back to the medals and the moves we've seen the last couple of weeks that seems to be the fact that the medals are are up and the u.s. is shrugging off. >> there's been capacity retrains and all three this never seen anything. we've seen that since 2010 the u.s. is not disrupting that but it's moving along very nicely so much of a cycle already compared to other parts of