>> i was part of a team that helped recruit hugo barra. was a collective team effort to do that. hugo joined because he sees this interesting android platform emerging that can be more than just a smartphone. it could be beyond just china. a lot of former google and microsoft folks have it in their dna to have a shot at becoming more global. both of us are investing in a company. it is a new app. cory: this is a china-based thing? >> it is based in shanghai and 10% of the team is in san francisco. cory: my daughter's are all over this app. they love this area -- this. >> it originated in china and is on top of the u.s. charts. it was hard to imagine five years, 10 years ago. cory: coming up, the u.k. struggles to make sense of brexit. what the vote means for venture investors. we hear from one of europe's preeminent funds. ♪ cory: global markets try to recover from the shock of brexit, ventures just want to get back to business as usual. they backed silicon valley's like facebook and -- the headquarters is in london and works throughout the

>> yes, i was part of the team that helped to recruit hugo barra. it was a collective team effort.he joined because he saw this interesting android product emerging that could be more than just a smart phone. it could be beyond just china. and the team, google or microsoft, they have the ability to shock. it is not just regional. we are both invested in a company, where it's most recent new mobile app -- cory: is this china-based? >> 90% of it is based in shanghai. it is the first time ever that a mobile app goes across a mobile platform. so that is something that was hard to imagine 5-10 years ago. cory: this is fascinating. we will take a quick break here so we can watch my daughter -- it is hilarious. [laughter] cory: we have a lot more to talk about. and we want to talk about how business is done in china. it has always been an interesting thing for business people all over the world. we will get you that a little bit later on. and we're talking about china has evolved. and why do companies still struggle to catch the first foothold? tune in this weekend, we will bring you the