she's the president of didi chu xing.ny operates one of that country's biggest ride-hailing services, completing more than 13 million rides a day. didi is a world's second most valuable startup with $56 billion valuation. the valuation has been called into question following uber's disastrous ipo. didi's shares are said to be trading privately 40% lower. investors are starting to doubt if car hailing companies can never turn a profit. this is how jean liu took on uber and made didi one of the most high-profile companies in china. into a prominent family in beijing in 1978. her father is a chinese tech icon, the founder of lenovo. >> strikes people as a type-a personality. part of it comes from the fact that her father is one of the most famous people in china and she has been trying to make a name for herself. >> liu majored in computer sciences at harvard, spent five years managing investments in goldman sachs. in july 2014, she joined didi, aiming to help solve china's massive traffic problems. >> right after i joined d

john lose legacy -- didi.s on whether she can prove that didi is profitable in the long run. thisr: that does it for addition of the best of bloomberg technology. we will bring you all of the latest in tech throughout the week. five :00 newday, york, 2:00 in san francisco. they are livestreaming on twitter. technology.t @ this is bloomberg. ♪ ♪ child, he grew up doing mathematics and was perplexed by anomalies that did not make sense for him, even the rules of monopoly. so he changed the rules. he could not make mathematics work for him in the way he liked, so he turned to economics. richard thaler got his phd at the university of rochester where he went on to faculty on way tountil he made his stanford. this led him to new ways to using economics to explain the way that people actuall

how jean liu led didi chuxing to how jean liu led didi chuxing to victory against uber in china.e more. this is bloomberg. ♪ taylor: with a valuation over $50 billion, didi chuxing is one of the most high-profile companies in china. the company's president helped to drive uber out of china. we take a look at how their leader became successful in a country where women are not always seen. >> jean is the president of didi chuxing, one of the world's biggest ride-hailing service completing up to 30 million rides per day, that is about 10 million more rides per day than uber. they are the second-most valuable startup. the valuation has been called into question following uber's disastrous ipo. they are said to be trading privately 40% lower than their peak. investors are starting to doubt if car-hailing companies can ever turn a profit. this is how jean liu took on uber and made them one of the most profitable companies in china. she was born into a prominent family in beijing in 1978. her father is a chinese tech icon, the founder of lenovo. >> part of her personality comes from the

. , didi haske uber visions beyond ride-hailing.ing into on-demand food delivery, bike sharing, city solutions, driverless cars, and the lucrative business she helped build. but those may be kept in check by year-long company overhauls triggered by the alleged murder of two female passengers. the company's safety record was thrown into the spotlight as thousands of users publicly deleted the app. regulators cracked down on the drivers and cars allowed. >> [speaking mandarin] >> it was a huge setback for didi. they had to halt the carpooling service. it was very lucrative for the company, and after that, they went into a series of events. trying to step up security measures. they finally resumed the service last year. >> despite new success with the company, helping it grow to a massive start up with 13,000 staff, there are questions about the business. investors are doubting they could ever turn a profit. they face stringent regulatory crackdowns and competition from regional operators, even after muscling uber out of china. the out

together. 22 days later, they announced apple was investing aliens into didi -- billions into didi. began completing competing globally in australia and japan. they now complete and average 4 million rides per day outside of china. they have also handled proxy operations for uber with grab and lyft. >> didi and uber have an interesting relationship. after the merger, they did have the short time of truth and were observers on each other's boards. that has come to a halt. didi did form strategic lyft, butwith grab, it has not been working as closely as people envisioned. >> they are venturing into on-demand food delivery, bike sharing, city solutions, driverless cars, and the lucrative business she helped bill -- build. but those may be kept in check by year-long company overhauls triggered by the alleged murder of two female passengers. the safety record was thrown into the spotlight as thousands of users publicly deleted the app. regulators crackdown on the drivers and cars allowed. >> [speaking mandarin] it was a huge setback for didi. they had to the carpooling service. it was ve

it didi your pond a big data and blew it out of the list. it could be the biggest rally of the us president's korea and he had a little trouble with some of the nines as the great religious teachers swami vivere come on no one say the 6 but he says recent trade disputes could be coming to an end we are in the early stages of discussion for an incredible trade agreement to reduce barriers of investment between the united states and india and i am optimistic that working together the prime minister and i could reach a fantastic deal despite that optimism any breakthroughs on trade talks would be unlikely as both sides have ramped up tariffs in the last year but leaving the stadium to finish the day at one of the wonders of the world the taj mahal on tuesday the leaders will sharpen their focus beginning renew trade talks in delhi. gys while this following president trumps a 1st day in india and sent us this assessment. the 1st day of preston from studio visit to india has come to an end and today has been all about the optics in the midst of a

the best socialist and the country as a billionaire with three houses what didi billionaire with three asking about bloomberg and why do we not ask about is warren. why do we this and successes of male candidates. why is she not making more progress in the polls given the performances in the debates? it leads you to question how much the debates actually matter. and new hampshire a prime example. i would say that the debates helped her in new hampshire and that state in particular because she is a good debater butjust has not been able to climb in the polls so not been able to climb in the polls so they kind of give you a burst of energy but then i did not know if it is necessary to take you farther but she is being drowned out by bernie sanders. he performed well in iowa and new hampshire and elizabeth warren and massachusetts did not perform well in new hampshire, and we know primary voters like to nominate new england candidates so thatis nominate new england candidates so that is one strike against her. i would say overall bernie sanders is showing at the progressive support and yo

in didi -- indy, we have a death toll -- indeed, we have a death toll over 360.is this than the common flu? jimmmy: hello. matt: hi. how muchell us, jimmy, worse this coronavirus is than the common flu? i'm going to guess that jimmy can't hear us. but we're going to come back to him. and not a sound tech, apparently. up next, we're going to bring you some of the stock movers. julius baer is one of them. there are a lot of movers in this movement unrelated to the coronavirus, but overall, the main headline is big drops in chinese stocks not being met by huge drops in european stocks and european futures are gaining. this is bloomberg. ♪ anna: welcome back, 46 minutes into the trading day, a little unsettled, a little merck -- a little nervous. off earlier session highs. let's get individual movers now. annmarie hordern has the breakdown. annmarie: while your screen is green, i'm looking at those in the red, minders down 3/10 of a percent, pulling back a bit. this has everything to do we saw in china overnight. commodity prices, iron ore and i -- iron ore and coppe

approved the didie signdesign allocations mog forward. i'm joined by our project manager to answer any questions. >> chairwoman: any comments or questions from my colleagues? seeing none, can we have a b.l.a. report on this, please. >> the proposed resolution accepts the $15 million grant from the u.s. government for the better market street program. if you look at exhibit 3 on page nine of our report, the total budget for the program is $176.7 million at this time. that is improvements to market street, between fifth street and eighth street, largely. so the $15 million grant is part of the overall budget. if you look in exhibit 3, of the 176.7million, there is about a $38 million funding gap that still needs to be identified for this project. however, the $15 million grant does meet the criteria, including the matching funldz, s funds, so we recommend approval. >> chairwoman: any comments on questions? supervisor mandelman? >> thank you, chair fewer. >> chairwoman: you're welcome. >> i can't say i'm new to this committee anymore, but i

approved the didie signdesign allocations mog forward. joined by our project manager to answer any questions. >> chairwoman: any comments or questions from my colleagues? seeing none, can we have a b.l.a. report on this, please. >> the proposed resolution accepts the $15 million grant from the u.s. government for the better market street program. if you look at exhibit 3 on page nine of our report, the total budget for the program is $176.7 million at this time. that is improvements to market street, between fifth street and eighth street, largely. so the $15 million grant is part of the overall budget. if you look in exhibit 3, of the 176.7million, there is about a $38 million funding gap that still needs to be identified for this project. however, the $15 million grant does meet the criteria, including the matching funldz, s funds, so we recommend approval. >> chairwoman: any comments on questions? supervisor mandelman? >> thank you, chair fewer. >> chairwoman: you're welcome. >> i can't say i'm new to this committee anymore, but i have

approved the didie signdesign allocations mog forward. i'm joined by our project manager to answer any questions. >> chairwoman: any comments or questions from my colleagues? seeing none, can we have a b.l.a. report on this, please. >> the proposed resolution accepts the $15 million grant from the u.s. government for the better market street program. if you look at exhibit 3 on page nine of our report, the total budget for the program is $176.7 million at this time. that is improvements to market street, between fifth street and eighth street, largely. so the $15 million grant is part of the overall budget. if you look in exhibit 3, of the 176.7million, there is about a $38 million funding gap that still needs to be identified for this project. however, the $15 million grant does meet the criteria, including the matching funldz, s funds, so we recommend approval. >> chairwoman: any comments on questions? supervisor mandelman? >> thank you, chair fewer. >> chairwoman: you're welcome. >> i can't say i'm new to this committee anymore, but i