it might bea branding them as snapdeal 2.0.vatar for the company, but it is facing the same old competition in the market. bbc news. in other news, warmer summer weather in europe has led to bubbling profits for heineken. they get half of their turnover from the continent. profits rose nearly 6%. $2.1 billion. it beat market expectations. they had good growth in vietnam as well. china's appetite for fast food shows no signs of slowing down. the world's second biggest economy has a more vibrant restau ra nt biggest economy has a more vibrant restaurant economy than ever. chinese consumers it out almost three times a week. thanks to a growing middle—class making up 68% of all households, some of the top brands are doing extremely well. 0thers include kfc and mcdonald's. 0thers include kfc and mcdonald's. other retail industries are struggling to get by. why is casual eating restaurants becoming such a rising industry? for international brands, it has been a game of adapting the menu to local taste. kace has an entirely new occasi

softbank owns a most a third of snapdeal. snapdeal opted to sell off some non-core assets.oming up, podcast efforts. what it means for the potential ipo. bloomberg tech is live streaming on twitter. check us out at @bloombergtechtv on weekdays. this is bloomberg. ♪ ♪ emily: a stock we are watching, pandora shares surging as much as 7% in after-hours trading. the company posted better-than-expected second-quarter revenue. they are up 10% year-over-year. this is pandora's first earnings report since they sold in 19% stake to sirius xm and dismissed their ceo. sticking with music streaming, the number one paid music streaming service, spotify, is expanding their business model again. this time, spotify is eyeing a growing demand for podcasts, a field currently dominated by apple. they plan to experiment with new media, increase the time customers spend on the app, and boost their ad sales. here with more on the european startup is caroline hyde with us from london. tentative steps for spotify. what have they agreed to so far? >> a bit of backscratching so far. they will start

withhe e-commerce space flipkart and snapdeal. part which people did not factor in was jeff bezos decided he did not want the same fate in india that he had in china and when jeff decides to come in and invest billions of dollars into a market, now you have one very well-funded player who has the technology and expertise to execute the space. designated -- generated the resources to do so and snap wasn't able to in the process. so, the snap deal ended up with a similar backer who wanted to give them billions of dollars to go do it. i don't think it is clear right now who is going to win in the e-commerce space in india. i think as we have all learned, one has to be cautious betting against jeff bezos. emily: there is global and the political insecurity right now. there are new scandals coming out of washington every day, should that impact investments? nikesh: we have always had different kinds of uncertainty in the market which could change people's outlook in the short-term and that causes times of overinvestment and times of un