chinese ride hailing app didi chuxing tells the bbc it'll be on the streets of mexico very soon. and while didi is best known for driving uber out of china, it'll now get another chance to go head to head with its us rival. this time, in america's own backyard. in his first television interview with foreign media, didi founder cheng wei told karishma vaswani how he plans to take the company global. a charm offensive to take on the world. didi chuxing is getting ready to take its brand overseas but it is doing this the chinese way. translation: for the past 20 years it was china who learned more from the us. but in the next ten years we will ride on each other‘s successes. there is no point thinking who will surpass whom. this is the face of new china. a new breed of chinese entrepreneur, young, confident with deep financial pockets

didi chuxing is getting ready to ta ke world.g is getting ready to take its brand overseas but it is doing this the chinese way. translation: for the last 20 years it was china who learned more from the us. in the next ten years we will ride on each other‘s successes. there is no point thinking of who will surpass whom. this is the face of new china. a new breed of entrepreneur, young, confident with deep financial pockets to try something new. translation: deep financial pockets to try something new. translationzlj deep financial pockets to try something new. translation: i am not 35 years old. my entire management tea m 35 years old. my entire management team has a lot of people in their 30s. we are idealistic and can be rational sometimes. we also bring a lot of surprises. didi chuxing has a future for what —— vision for what the future will look like dick are parking problems, no bottlenecks, no traffic jams, no congestion. parking problems, no bottlenecks, no trafficjams, no congestion. and it will do this with one thing. da

value is andactual year,r didi goes this we'll see.tingout uber 2019o somewhere in the range. does it matter if didi gets to market first? >> there's always a positioning story. i think it will be relevant. uber owns a significant stake in didi and also the markets value ridesharing, that's good news for uber. they are largely competing in different markets. if anything, the question is, who is the better marketer, uber or didi? but one doing well is probably good for the other. emily: and that does it for this edition of the best of bloomberg technology. be sure to tune in this coming week for a busy week. we will be live from the 21st global conference to kick off the week with a fantastic guest lineup. we will hear from mark zuckerberg tuesday and bring you coverage of apple earnings and tesla on tuesday and wednesday. tune in every day and remember, all episodes of bloomberg technology are now live streaming on twitter. that's all for now. this is bloomberg. ♪ taylor: welcome to "bloomberg businessweek," i'm taylor riggs. we are in

didi chuxing is getting ready to take its brand overseas but it is doing this the chinese way.ho learned more from the us. but in the next ten years we will ride on each other‘s successes. there is no point thinking who will surpass whom. this is the face of new china. a new breed of chinese entrepreneur, young, confident with deep financial pockets to try something new. translation: i am not 35 years old. my entire management team has a lot of people in their 30s. we are idealistic and can be rational sometimes. we also bring a lot of surprises. didi chuxing has a vision for what the future will look like — no parking problems, no bottlenecks, no traffic jams, no congestion. and it will do this with one thing. data. there is a lot of sensitivity amongst officials in the us government that chinese companies may hand over sensitive information back to the chinese government. how do you view that attitude? translation: when american companies first entered china there were also these concerns. whether you are chinese or american, data is that but professional help . jan, ifi jan,

emily: does it matter if didi gets to market first?always sort of the positioning story. this was like the box/dropbox conversation. i think it will be relevant. they are very different target. going publicidi will be good for uber. uber owns a significant stake in didi and also the markets value ridesharing, that's good news for uber. they are largely competing in different markets. if anything, the question is, who is going to be the better marketer? in termse uber or didi of who should go first? but one doing well is probably good for the other. emily: bloomberg tax eric newcomer -- bloomberg tech's eric newcomer. and that does it for this edition of the best of bloomberg technology. be sure to tune in this coming week for a busy week. we will be a live from the 21st global conference to kick off the week with a fantastic guest lineup. in addition, we will hear from mark zuckerberg at facebook's developers conference tuesday and bring you for coverage of apple earnings and tesla on tuesday and wednesday. tune in every day, 5:00 p.m.

i'm an investor in didi. >> they're going to try to go public ahead of uber >> didi is profitable andleast on paper >> why >> they're a monopoly. uber lost a lot of money because they drove international and didi didn't bother they focused in china. and they dominated and then uber threw in the flag. they gave up in a state owned country, didi's the winner there's a lot more people in china than the united states it's not that hard >> so you think didi wins the game in china. do they come to the u.s. >> i don't know. i doubt it >> you don't think they try to use their currency to buy lyft >> they could buy lyft, yeah lyft is cheap. >> uber and lyft both lose a ton of money as they battle it out for customers. at some point being if uber is going to get an $80 billion valuation because some in the last rounds were up there. >> 68 or something like that >> do you think it would achieve more if it listed in the united states >> uber? >> yeah. >> did you think spotify was going to be worth what it's worth? >> no, i didn't. that's a good point. >> these are names at a hundred times ebitda

we talked about this didi ipo.ber's valuation moved, so google had to adjust its internal valuation for its big stake in uber. did it not >> yeah. >> that helped the quarter >> when you looked at the actual eps, it was a massive beat part of it was new accounting changes. at uber, that's about a $3 billion gain they got. it's been a home run out of the park for them. that's where now the transparency on alphabet google between nest and uber. you're seeing more transparency in the model, which is a double edge sword if that didi ipo in china goes off, goes off well and raises the value of ridesharing, theoretically uber's valuation could go up again which would help alphabet. >> originally invested 250 million, now a $3 billion increase that's a tailwind for them >> just called them alphabet even though i said i wouldn't. >> the big sohn conference was in new york. leslie picker has the highlights >> tech and long tech was a common trend among many presentations. chamath palihapitiya touted box, known more as a clou

a charm offensive to take on the world, didi chuxing is getting ready to take its brand overseas butnese way. translation: it... for the past 20 years it was china who le pt the past 20 years it was china who lept from the us, but over the next 20 years we will ride on each other‘s successes. 20 years we will ride on each other's successes. he is the face of new china, a new breed of chinese entrepreneurial. young, confident, with deep financial pockets to try something new. translation: with deep financial pockets to try something new. translationzli with deep financial pockets to try something new. translation: i am now 35 years old. my entire management tea m 35 years old. my entire management team has a lot of people in their 30s. we are idealistic and can be rash sometimes. is but we also bring a lot of surprises. he has a future for what the future is going to look like. —— a division. no parking problems, no bottlenecks and congestion it will do all this with one thing, data. there is lot of sensitivity amongst officials in the us government and consumers that chinese company

didi chuxing may go public as early as this year.hina's ride—hailing giant is in talks with investors about a share sale. it is hoping to raise around $80 billion, which would make it one of the biggest technology listings in history. it's big us rival, uber, is also considering an ipo, but that is unlikely to take place before 2019. the it fiasco at the british bank tsb is heading for a fifth day, with angry customers still locked out of their accounts and unable to make payments. the bank said it would take down its mobile app and online banking "for a few hours" on tuesday and hoped to restore services by the afternoon. but it now looks unlikely the issues will be resolved until later wednesday. the month of april is one of the busiest months of the year for tourism in japan. more than 2.5 million people arrived injapan in april last year, many hoping to participate in what's known as "hanami", the practice of viewing cherry blossoms — a long—standing japanese tradition of welcoming spring. so what is all the fuss about? take a lo

he was previously a manager at didi.i has gained a foothold in latin america and broadening its global war with uber. twitter smashed estimates for first-quarter sales and profit as they are pushing more personalized content. revenue jumped 21%, nearly $665 million. monthly active users rose. but shares fell on warning that growth was slow. we caught up with the chief financial officer, ned segal about the results. ned: we had a great quarter. double-digit growth for the six quarter in a row. we accelerated our revenue growth, growing 27% with revenues. and we were cap profitable, so we were thrilled with the outcome. it gives us the opportunity to go back to areas where we have been investing, the health of the platform, audience engagement growth, and revenue products that advertisers use, and a sales. we will invest in those. and we said that we would grow 10%-15% this year and we're focused on those priorities. emily: shares are down, why do you think that is? ned: i try not to look at the stock from one day to anoth

on the line now to hear because didi a freelance journalist in kabul in the afghan capital. thanks for talking to us two blasts as far as we know can we assume they were connected. well just what we call is republicans need for today we call it a black day for the afghan press in afghanistan and everyone is actually moving one of happens at the service one actually happened in a very diplomatic place with his culture that iraq and. for you may believe the site bomber was on a motorbike and then through the after all the afghan general and that is you know what happens in afghanistan when something happens over the media rush to get action to be seen on the breaking news and then you know the second blast of yours and as a result six of our very good journalists in afghanistan and you know my big media or the media company i work for actually my cameraman and my reporter they were just only five or ten minutes away from the blast did good at the time but nobody knows you know if they well they might be killed you know another time because we are not going to come and talk her

he has his stake in didi and in uber and in grab.e, obviously, this consolidation makes a lot of sense. he definitely has a hand in it. i do think that the local services will be going beyond just the ridesharing. if you look at what is happening in china, didi, despite consolidation will face competition. from the bike sharing services. the competition is not over yet. i think the consolidation is a step forward for grab and uber to have a stronger landing in the local services. emily: if that is the case then, what would be your message to the new ceo of uber about latin america, about india? are these markets similarly they should wave the white flag in? jixun: i do not know enough about these other markets to provide good advice but certainly i think in what we are seeing in southeast asia is the ridesharing service is a very local business. and i think it has to extend beyond just rides per se. you have to offer multiple services on your platform and that requires including food delivery service with high density cities like bei

. >>> estrenos mundiales como el que hizo chayanne de su tema didi que sientes tutÚ. >>> (mÚsica(. >> fue reconocida por su partrayectori artÍstica. >>> (mÚsica(. >>> entre los momentos musicales mÁs esperado de la noche, estuvo el que protagonizÓ la diva del pop jennifer lÓpez, que dÉ la letra de su canciÓn padecrecÍa pedirle a su novio alex rodrÍguez que finalmente le diera el anillo. >>> (mÚsica(. >>> (mÚsica(. >>> por primera vez en televisiÓn se unieron el salsero vÍctor manuel y el reggaeton er que despidieron una gala llena de premios. >>> (mÚsica(. >>> (mÚsica(. >>> los rescatistas que trabajaron en el nueve-11 pueden en rentar mayor riesgo de cÁncer, mas de 700 bomberos de nueva york estuvieron expuestos a productos quÍmicos, develÓ que tenÍan casi dos veces mÁs proteÍnas anormales en la sangre, indica de acuerdo a los especialistas que pueden desarrollar melanomas mÚltiples. >>> la epidemia de opioide tiene preocupados a los pacientes que deben tomar estos medicamentos tras una cirugÍa, un estudio de un hospital de michigan estÁ probando un nuevo mÉtodo para controlar el dol

we‘ll be taking a look at china‘s ride hailing app didi chuxing which could be on the streets of mexicosnow sliding down from a mountain onto the road below and they were captured by a somewhat alarmed passer—by who stayed put to film it. thankfully there were no injuries. that‘s all for now — stay with bbc world news. there is a change on the way, something brighter and significantly warmer in ourforecasts. but that change will be slow, will be gradual. so on thursday, for many, it‘s going to be another cloudy day. mostly dry, though. you can see from the satellite picture what‘s going on. we‘ve got an area of low pressure down here to the south, areas of cloud being flung around it, and this little area of slightly thicker cloud here has been producing some outbreaks of patchy rain and drizzle, which will continue to drift northwards and westwards during thursday morning. generally we start the day with a lot of cloud, some mist, and murk, and drizzle, some hill fog, and most places will stay disappointingly grey as the day goes on. but there will be exceptions. here‘s a closer look a

didi shooshing may go public as early as this year.s china's ride—hailing giant is in talks with investors about a share sale. it is hoping to raise around $80 billion — which would make it one of the biggest technology listings in history. it's big us rival uber, is also considering an ipo, but that is unlikely to take place before 2019. popular messaging service whatsapp is banning under—16s from using its platform in the european union. users must currently be at least 13, but the firm is changing the rules ahead of the introduction of new eu data privacy regulations in may. don't forget to send us your thoughts. use the hashtag #bbcbizlive. the swiss lender credit suisse has recorded its best quarter since the bank launched its new restructuring plan. the company posted profits ofjust over $700 million — that's up more than 16% compared to the same time last year. credit suisse is currently in the third and final year of its turnaround plan which will see the business prioritise wealth management over investment banking. the uk ban

uber owns a significant stake in didi, and they are largely competing in different markets., the question is who is going to be the better marketer terms of who should go first. one doing well is probably good for the other. emily: eric newcomer, thank you so much. coming up, we see car sharing at bike sharing, now scooters in silicon valley and beyond. that is next. this is bloomberg. ♪ emily: spy for interest a free version of the mobile app that targets 1.5 billion youtube users and offering rolls out ahead of the tubes new subscription music product. spotlight is already done largest music service in the world but it is expanding to reach a targeted one billion users. on monday, san francisco sent cease and desist letters to motor right scooter companies. the business practices of all three companies create a public nuisance and are unlawful. illicit committee with a list of changes the city wants to make and written partner supports by the end of the month. joining us now is ofo president. to provide urban travel via bicycle. yet been doing bikes for a long time, and th

lyft is investigating the plan. ,ivals uber and didi chuxing have already tried, but they say is dominated by traditional taxi companies. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am paul allen. this is bloomberg. ♪ thank you so much for that. work, mark this at zuckerberg faced a grilling on capitol hill. deliver what lawmakers were looking for? also, we speak with of the asian development bank. chief economist joins us to talk the latestions, forecasts on the region, china, india and the rest of the world. this is bloomberg. ♪ ♪ welcome back, let's get you a check of the latest business flash headlines, singapore exchange says it plans to list indian derivatives after a deal with the stock exchange of india. it could happen. they said they are exploring cityto bring it into the -- meetsthat means regulatory requirements of clients while growing the overall market. finance, let's look at financials, in talks to raise $10 billion in a funding round that could value the company at around $150 billion. we are also told they w

but the community can use it for all their festivals you get all the students are for thinking da didi american those who complain are not small farmers at all clear people who have regained land to which they have no relationship. their land was taken away from their families in the one nine hundred fifty s. as a kind of collectivization drive. and they are moved to work in factories or someplace else but they never work the land and. when i got the land back they knew nothing about it and i had to pay tax they said get me out of here. get coughed out their one molar bought the land of course some people stopped they could have gotten in cheaper and sold it for more it's the same everywhere a grass is greener and so i was doing that night off. martin millar plans to expand even further but his investment has already paid off prices have tripled over the last ten years. and you have that here by feel like a pioneer who is transforming this land into farmland and it is in the areas where i've linked my parcels together i can prove that there are no good pastures but it doesn't bother me

it is credible, but what the actual value is and whether didi goes this year, who will see.ly: and they have been targeting in ipo the 2019 range, does it matter who gets the market first? >> there is the positioning story. it will be irrelevant. they are different markets. success -- the markets value right shirt, that is good news for uber. they are largely competing in different markets. if anything, the question is who is going to be the better marketer, in terms of who should go first. but one doing well is probably good for the other. newcomer, thank you so much. up, the invasion of scooters in silicon valley and beyond and we'll talk about that trend next. this is bloomberg. ♪ emily: spotify introduced a free version of a mobile app the targets 1.5 billion youtube users. the offering goes ahead of youtube's subscription music product. spotify's ari the biggest music service in the world and expanding with offers for free to reach a targeted one billion users. -- on monday, some physical sent a cease-and-desist motor right companies. the business practices involving co

but he didied, remember that from his mother's cooking.use, sheown the would say approvingly. mother and son needled each other until the end. in her final days while the 43rd president was visiting, mrs. bush asked one of her doctors if she would like to know why george w. turned out the way he had. she announced i smoked and drank while i was pregnant. [laughter] >> she was a point of life. in 1989 when many americans lived in ignorance about hiv/aids, mrs. bush went away home for infected infants and hugged children there, as well as an adult male patient. the images sent a powerful message, one of compassion, of love and of acceptance. ae believed literacy, fundamental civil and human rights, and gave the cause for all. at a televised event commemorating the bicentennial of the constitution, mrs. bush met a man named j.t. a pace. the 63-year-old son of a former sharecropper. mr. pace, who had only recently become literate, was scheduled to read the constitution's preamble aloud. backstage, he was nervous. mrs. bush asked if it would he

i don't believe didi did. i can tell you what he said. in roger stone's interview with the house intelligence committee, it was quite disturbing. he gave inconsistent answers. i should say conflicting answers about whether he had advance knowledge of the clinton e-mail dump. so i'm not surprised now that he's basically publicly given both a yes is that a no about whether he knew ahead of time and whether he may have met with julie yandle assange a. >> is this the type of concern you had when the members of the house intelligence committee, when they decided to end your committee investigation? >> yeah. the fact more information would come out. there's a lot of investigative journalism coming out. it was clear they should not have been closed but the fact the republican majority turned a blind eye by not issuing any spee subpoenas for bank records, what the witnesses were saying in front of the committee were telling us. so this ended up being a take their word for it investigation. >> what are you hoping the learn? from the sentencing sch

the cat should be used for didi to expand nationally if it did go public it would beat rival uber to the public market. a little bit of competition there. transfer the foreign affairs committee sending mike pompeo's to the secretary of state now to the senate. rand paul changed his mind and voted yes last night. this comes after democratic senator chris coons decided to go present and set if no, noting that johnny isakson couldn't vote because of a funeral. >> committee chairman bob corker holding back tears when describing how he felt about senator cruz decision. >> i in particular want to thank senator cruz for display in the statesmanship that i've been accustomed to seeing in the senate and i'm proud of him, part of our committee. gerri: pompeo expected to be confirmed by the senate later on this week. meanwhile, senator rand paul will be on "mornings with maria" 8:30 a.m. eastern time. again, critical vote on the committee last night. gerri: president trump meanwhile set to meet with french president emmanuelle macron at the white house. the two leaders to discuss key issues inc

i didy my research i promised i would treat her and her father's legacy the rightwa way so the family opened up a bit to me. but flashforward september 2016 oregon state recognized the 75th anniversary team i hope university contact these people to comey back i tell you everyone is deceased from that game except one duke player in louisville that the sons and daughters came many from the first time jack's daughter, grandkids and great grandkids came back probably one of them are emotional and memorable nights of my life to see the embrace between the descendents of these former players and that common bond and in duke they on of the team one year later oregon state won the game so they were much more anxious now 96 years old living in louisville kentucky widower's mind is sharp as a tack i befriended him now i now call him and his family good friends jim went back to duke with me september 2016 we talked to the duke football team they honored him on the field before the game excuse me at halftime. but every day that went on even after the publication it took on new meaning. how many o

illusion you used was slightly misapplied in your syntax was garbled toward the end but otherwise -- -- didy [indiscernible] not mention in his account of the presence of other blacks at the 1865 post-inauguration levy was noted in the press indicated some other black people were admitted to that reception. -- herald,k air noted that frederick douglass, another nigro man, and two women marched about with the rest. the chronicle contained a similar description. a correspondent of the democratic newspaper, the new york news, wrote that in addition to douglas several other knee grows called during the evening and paid their respects to the president. spectacle tonge see blacks and whites elbowing for the opportunity to bended knee before the new royalty. more african-americans might have been received if it had not been for the first lady who according to a press report was very indignant at the intrusion negros and gave directions to admit no more and to reject those admitted. that story prompted a democratic newspaper in columbus, ohio, to remark -- mr. and mrs. lincoln are tenants at the whi

bn happenining since ththen. 2016, p plus, reportrters, man editotors and other journalistic staff, didie to o the stres.s. we protested on the steps of the newsroom - -- which was historic in and of itself. jojournalists, this is not whate are taught to do in j school. that we felt like we did not have a choice. i think t the 2018 now, the most recent cututs in the perspective section dedicated to the subject matter, speaks to the desperate times, desperate measures the staff and us former staffers are willing to take. this is heartbreaking for denver. this is awful news for colorado. the only good news -- this is good news only to crooked ceos and bad news politicians who don't want that oversight happening, frankly, at the state legislature -- aboutjust speaking crooked ceos, one of the interesting things about this particular tragedy is that the paper, according to the hedge fund that owns you, was making money. but basically, we're talking the second-largest is never chain in america right now. kerley, they're using these newspapers as cash cows to invest in other businesses. could

by the way, didi did say welcomo washington. welcome to the world of politics. but for jon tester to start bringing up stuff like candy man and the kind of things he was saying and then say well, you know, these are just statements that are made. >> right. >> there's no proof of this. >> i want to bring in nbc's peter alexander at the white house. the president makes some valid points in there. that we're not seeing ronny jackson's complete reputation destroyed based on allegations and he is a two-star general. he served president obama. >> admiral yes. >> excuse me, admiral. he has served president obama.g. but the president is blaming washington and the swamp. is the real issue here that the white house did not properly bet ronny for the big stage, a cabinet level position where you've got to go through something like this. >> that didn't have to happen had there been a wider vetting process ahead of time. the white house has said all the checks in the past have come up golden, that none of this information is true. they've pushed back, as is he, on what he de

speech didi's something to ease tensions around the rhetoric. it was welcomed by president trump.thankful to president xi. president xi had crafted this message as a nod to president trump, even if what he was saying when he delivered it was nothing new. yi gang is adding more details around timeline and implementation that have been key to vest -- key to investors. whether this will be enough is a key question. focused on the financial sector, intellectual property will have to wait. this move things along to a degree. haidi: tom, thank you for that. tom mackenzie in beijing keeping an eye on comments from the pboc governor, yi gang, speaking on this panel at the boao for them. , china could be discussing a devaluation of the yuan, if trade tensions reinflate. market, we have had this pledge from the pboc, yi gang, saying it would not devalue its currency for the sake of dealing with a trade spat. either way, how likely and beneficial with the speed? mark: you have to consider the a bitation of the yuan is like a nuclear weapon, it is a last resort tactic china would want to use.

said that, you know that we are also told that at sdome -- some point other investors, companies like didito the deal as well, but ultimately shareholders from both meituan and mobike and tencent felt it more comfortable for the companies to allow the acquisition for meituan. what this means, meituan will be using mobike as a proxy for the battle for payments against alibaba, which owns its rival competitor. these companies will be battling it out in the bike sharing business. tencent and alibaba will also be using these companies as proxies for the battle in payments as well. haidi: what does this mean for meituan's ipo? isu: we were told meituan looking to have an ipo at a valuation of at least $60 billion as soon as this year in hong kong. the company is also considering listing in china, if regulations allow. that is the latest details we have of that ipo. haidi: lulu, thank you so much for that. lulu chen for us in hong kong. coming up, chinese stocks reacting as washington casts a wide net across tariff plans. everything from different types of steel to high-tech to decidedly low-tec

a monopoly supported by the government, they put around uber taking over that segment and they got didi years in other words, you're forced at some point to compete internationally with best practices, best technology, best development. i can't find an kpampexample ine world where government-based supported companies remain dominant because they were not market driven so my theory about china is, yes, while it may be in the next 15 years the number one economy, when it finally gets untethered into reality with real ip law and entering the wto and everything else. those companies won't be the long-term survivors because they were built with a fractured base the government >> yeah. i get what you're saying, but, you know, the americans -- we beat the soviets in the nuclear race and the space race. the manhattan project was driven bethe u.s. government. the question is, is the future of ai going to be more like that where the chinese are driving everything they can at the scientists and the data and that's going to lead to big breakthroughs? or is it going to be more like a million flowers

morning.d caller: yes, my name is didi, something to say to all republicans.ublicans need to take each breath and look at other and communicate because -- the way we treated president obama was to sit up and for us there and say that trump is -- we're supposed to respect him believe in him is disgusting. the part about forgiveness is for forgiveness for yourself before you -- before somebody else prays for for forgiveness. everybody, if to you can't run for office and do different, stop knocking somebody else. ost: "washington post" reporting by emily wax takes a ook at vacancy as veteran affairs, tens of thousands of vacancies according to the rate and human resources department is 11.5% or 540 employees, does not affect numerous staffing successes, kirk cashhaur, who added he department 15,000 slots since the president came into office. 33,000 he agency, full-time vacancies as of early march. main benefit of working at v.a. is stability, people are the v.a. as stable and making recruiting more difficult because of that, randy erwin, president of the federal